The integration of India with the global financial system has expose Indian economy¡¦s external sectors to a harsh reality of capital flows. Among the capital flows, many are a global unaccounted risk and uncertainties. Systematic study to understand real and nominal impact of the flows in the...

The paper evaluates the return generating process for the Indian stock market implied by general multi-factor model and the Fama-French three-factor model in specific. It tests systematically and robustly, using a large sample data pooled from wide range of companies and periods, the relevance...