This is a collection of essays written for the Financial Express, an Indian financial daily. The common theme of these essays, which cover a period of almost four years, from October 2010 to May 2014, is the issue of how India is finding its place in the world, after a history of colonization...

This paper compares measures of accounting quality for 654 firms that previously used rules-based Chinese GAAP and have transitioned into principles-based International Financial Reporting Standards (IFRS) adopted in China. In particular, I examine whether principles-based standards are...

We investigate the causes of the high first day returns of Chinese firms making an initial public offering (IPO) of A-shares from 1991 to 2003 on Shanghai and Shenzhen stock exchanges. Our results show an average underpricing of 175.21 percent. We argue that the IPO underpricing is an...