We consider a mean-variance general equilibrium economy where the expected returns for controlling and non-controlling shareholders are different because the former are able to divert a fraction of the profits. We find that when investor protection is poor, asset return correlation affects...

The case documents corporate governance practices at Infosys Technologies Ltd., a well known international software development company based in Bangalore, India. Students gain familiarity of corporate governance terminology, practices and codes followed in India and the US and as well as the...

Based on theoretical advice and empirical evidence suggesting that risk-taking in asset allocation enhances pension returns, we evaluate empirically whether good corporate governance leads to a larger allocation of pension assets to risky securities as compared to safe investments. Our findings...

China’s STAR market (Shanghai Stock Exchange Science and Technology Innovation Board) is its newest stock market, which was officially launched in June 2019, and whose index was released in July 2020. It has attracted extensive attention from market players, but almost no coverage from...

Economic reasoning suggests that financial globalization that encourages optimal international portfolio investments should improve investor protection standards (IPS) of a country. In practice, however, investors manifest varying degrees of suboptimal international portfolio allocations. Using...