This paper uses extreme value theory to explicitly model the tail regions of the innovation distribution of the return series of S & P CNX Nifty, the prominent Indian equity index. We model each tail separately by fitting ...

The paper assembles data on over 1,000 manufacturing and services firms in India for the entire post-reform period from 1992 through 2002 to examine the association between corporate governance and monetary policy. The ...

In the last decade, many emerging capital markets have undergone drastic changes in terms of market microstructure changes, specifically in secondary markets. One of the policy concerns is the improvement of liquidity in ...

This paper attempts to detect the determinants of board and CEO compensation as well as the different components of the board compensation in the context of an emerging economy, India, where managerial market is yet to be ...

In a series of empirical studies Fazzari and Petersen (FP) and their associates examined the substitutability between the stock of fixed capital and inventory investment of firms when they encounter short run and/or sporadic ...

During the last decade, significant progress was achieved in terms of policy and institutional reforms in the financial sector in India. A question that needs to be addressed is: how far have these initiatives resulted in ...

This paper attempts to build an aggregative, structural, macro-econometric model for India. The model is monetarist in focus and extends the work of Rangarajan and Arif to include the external sector. Annual time series ...

The relationship between concentration and market structure has not been fully explored in the literature. The existing understanding of the impact of entry on concentration and competition through market structure is ...

This paper concentrates on IPOs from the banking sector. The recommendations of the expert committees on the banking sector reform encouraged Indian banks to raise funds from the capital market through IPOs. In a developing ...