This paper studies the lead lag relationship between the spot and future market in the context of introduction of Nifty futures at the National Stock Exchange (NSE) in June 2000. Co-integration and linear regression techniques are used to determine the existence of any such relation in the two...

For commercial banks operating in India, off balance sheet activities have become important in the reform years because of the following reasons:(i) The deregulation of the banking sector entry and relaxation of branch licensing policy resulted in substantial decline in banking sector spread (in...

We document the effects of group affiliation on the initial performance of the 2,702 IPOs made in India during three different regulatory regimes in the period 1990-2004. There are two competing hypotheses regarding the effect of group affiliation on a firm's initial performance in the stock...

quot;Banks are in the business of managing risk, not avoiding it . . . .quot;Risk is the fundamental element that drives financial behavior. Without risk, the financial system would be vastly simplified. However, risk is omnipresent in the real world. Financial Institutions, therefore, should...

India has over the last decades experienced different degrees of repressive policies in the banking sector. This paper focuses on the changing intensity of three policies that are commonly associated with financial repression, namely interest rate controls, statutory pre-emptions and directed...

Banks being the most influential institutions in the financial sector their governance is of crucial importance. The post implementation scenario of corporate governance policies in Indian banking, which was undertaken after the recommendations of Advisory Group (2001) and others, has brought...

After 2000, the corporate boards have become more independent and active in pursuing share holders interests. Corporate governance reformers strongly believe that Independent directors can be effective monitors. Never the less, there is still intense debate over the extent an independent board...

This article primarily discusses role of self regulation of stock exchanges in a demutualized environment. It has been argued that there are some genuine concerns about conflict of interest between the regulatory role of the stock exchange and its business interest as a corporate entity....

The 1990s have been years of activism. The developed countries and most international financial organizations have been urging the developing countries to undertake rapid and comprehensive domestic and external financial liberalization. The crises that followed have now instilled a dose of...

The purpose of the study is to test the impact of the sample size on the distributional characteristic of the stock returns of Nifty amp; Sensex. Many statistical tools used by the financial analyst and academician for their analysis and research carried out under the assumption that stock...