Given India's growing importance as a major emerging market, understanding the initial public offering (IPO) market in India is important in itself for the global investor. In addition, by providing an institutional context that is largely similar to the US setting but different in a few small...

The recent corporate governance scandals at the fourth largest software firm in India, Satyam Computers Limited, provide two clean and major corporate governance events, with effects on firms across the board in India (and possibly other emerging market countries). The first instance was a shock...

We study the benefits of opening up local equity markets to foreign institutional investors using data on Qualified Foreign Institutional Investors (QFIIs) in China around the reform floating non-tradable shares. We find evidence supporting the view (Stulz (1999)) that as “outsiders,”...