4. Research Methodology to Assess the Financial Performance of PSEs

This chapter delineates the research methodology followed in the study to assess the financial performance of public sector enterprises (PSEs) and the performance of disinvested PSEs and Memorandum of Understanding (MoU) PSEs. It also enumerates gaps identified from literature review, research objectives, hypotheses, sources of primary data (based on questionnaire survey, personal visit/interview, telephonic calls and emails) and secondary data (drawn from Public Enterprises Surveys and Prowess database from Centre for Monitoring Indian Economy, considered credible in Indian context relating to virtually all 209 non-financial central public sector enterprises), data analysis (primarily in terms of major financial ratios, namely, profitability, efficiency, solvency, liquidity, and productivity), statistical techniques used (such as ANOVA, paired test, independent t-test, frequency distribution techniques), and research model.