In this paper an attempt was made to determine whether Price-Earnings (P/E) ratios indicate future prices or yields in Indian capital market. While the efficient market hypothesis negates the possibility of prediction, the P/E ratio supporters argue that due to exaggerated investors'...

The study investigates the relationship between changes in insider's ownership around Initial Public Offering (IPO) and post-IPO performance deterioration of Indian firms. The univariate analysis shows that the performance of Indian public firms deteriorates significantly in post-IPO period. The...