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Analysis of Indian securities industry: market for debt
(2010-10-05)
In the current liberalized environment, the
Indian debt market appears to be all set to
take off. With the commencement of trading
of debt instruments by the National Stock
Exchange this year, the secondary market ...
A regulatory framework for mutual funds
(1990-07-13)
One major change that has taken place in the financial services industry is the establishment of a large number
of mutual funds. Though only nationalised banks and financial institutions are permitted to set up these ...
Soaring stock prices: defying fundamentals
(1990-07-13)
Speculation is rife as to whether or not the unprecedented high level of average price-earnings ratios in our
capital market is too high to be sustainable. An objective analysis beginning with a theoretical exposition ...
Experiment on individual investment decision making process
(1991-09-29)
The inquiry into the investment behaviour of individuals through experi
mental data provided a good insight. The importance of combination of variance and skewness
in determining the risk perception of individuals was ...
Mastershares: a bonaza for large investors
(1991-09-28)
What is the performance of Mastershares —
the first all-equity, closed-end growth fund
launched in 1986 by the Unit Trust of
India— from the points of view of funds
management, large investors and small
investors?
Samir ...
Convertible securities and implied options
(1990-09-28)
The Indian capital market lacks an
organized futures and options market. The
investors are, therefore, not able to manage
their portfolio risks effectively.
In this article, S K Barua and V
Raghunathan examine the ...
Setting the terms for convertible debenture issues: should the spirit of company law be violated
(1986-09-22)
Although government has set up various
regulatory agencies to safeguard
interests of various constituents of the
capital market, they do not seem to be
working in coordination. In fact, they
appear to be pulling in ...
Inefficiency of the Indian capital market
(1986-09-22)
Efficient pricing of securities and
maintenance of parity between risk
and return are absolutely essential
for a well-functioning capital
market. In this paper, S K Barua and
V Raghunathan discuss a clear .case
of ...
Inefficiency and speculation in the Indian capital market
(1987-09-23)
Barua and Raghunathan re-examine
their risk-return evaluation in the light of
the actual developments over the last year
in the case illustration used earlier. They
argue that their conclusion on market
inefficiency ...
RBI autonomy and the Indian financial sector
(1993-10-04)
In the context of the worldwide trend
towards greater independence for the
central banks and the recent public
pronouncements by the Governor of the
Reserve Bank of India (RBI), there is now a
strong possibility of ...