Impact of Technology on Financial Performance of Rice Milling Firms in Kangayam, Tamil Nadu

This study was done to evaluate the financial characteristics of rice milling firms and to analyse the variances in the financial characteristics among partially and fully modernised rice milling firms. The financial data were obtained from the records maintained by the partially and fully modernised rice milling firms. Financial performance was analysed using ratios under three sub sections namely short term financial position, long-term financial position and asset management. Multivariate Analysis of Variance was carried out to analyse the variances among the fully modernised and partially modernised rice milling firms. Univariate F-value test statistics revealed that the financial characteristics of partially modernised and fully modernised firms were significantly different in terms of most financial ratios.