A number of publicized accounting frauds around the world, such as Satyam fraud (India), Enron failure (USA), Tyco failure (Ireland), show that firms use Related Party Transactions (RPTs) to manage earnings for financial reporting purposes or to divert firms’ resources to their controlling...

The Securities and Exchange Board of India (SEBI) introduced opening call auction (CA) on 18th October 2010 to S&P BSE Sensex stocks. The objectives of CA are to increase the price discovery in the opening session, minimize the opening volatility and to reflect the overnight market related...

The National Stock Exchange of India Ltd (NSE) introduced opening Call Auction (CA) on 18th October 2010 on Nifty stocks. The objective of CA is to discover the efficient opening price and increase market quality. We hypothesise that the CA leads to efficient price discovery. To examine price...

After the scrapping of Capital Issues (Control) Act, 1947 putting an end to the regime of Controller of Capital Issue (CCI) and allowing free pricing of public issues, capital market in India witnessed IPO activities from different sectors of the economy which was hitherto restricted by the CCI....

FCCBs is a fund raising instrument of Indian corporate sector to access the international investors. The various factors associated with FCCBs send positive and negative signal to the market during its issue, which in turn effect on the shareholders wealth. Majority of Indian FCCBs are issued...