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Now showing items 21-29 of 29
Indian convertible bonds with unspecified terms: an empirical study
(2010-04-17)
Indian convertible bonds have two peculiar features that make them possibly unique in the world: a) the bonds are compulsorily converted into equity without any option, and b) the conversion terms are not specified at the ...
Is the BSE sensitive index better than the National Index?
(2010-03-29)
Stock prices indices are used extensively by investors, brokers and portfolio managers as a general indicator of the stock market conditions. They are also used extensively in finance theory notably in operationalizing the ...
When AAA means B: the state of credit rating in India
(2010-03-29)
As in many other countries, India's five year old credit rating industry has grown rapidly amidst persistent doubts about the quality of the rating service. This paper evaluates the ratings given by India's leading credit ...
Securities scam genesis, mechanics and impact
(2010-03-24)
This paper presents a plausible reconstruction of how the scam originated, how it was perpetrated, and what would be its aftermath. The paper is expository in nature and the authors make no claims to omniscience.
Market valuation model under differential taxes inflation recurring investments and flotation costs
(2010-03-22)
The extent literature on valuation identifies several important variables affecting the value of a firm. These include, corporate and personal taxes, reinvestments, leverage, dividend policy, and inflation. But, most of ...
Equilibrium pricing of special bearer bonds
(2010-07-27)
On 1981, the government issued Special Bearer Bonds under a scheme which allowed people to invest their black money in these bonds and enjoy freedom from investigations and prosecutions for tax evasion in respect of their ...
Impact on sensex of scrapping double taxation of dividends
(2010-03-31)
The taxation of dividends has generated an active debate in recent months in the media.
While the industry representatives have been critical of the double taxation of dividends, the
Government seems to be questioning ...
Narasimham committee report: some further ramifications and suggestions
(2010-03-31)
This paper while agreeing with the general thrust of the Narasimham Committee Report,
calls attention to some logical corollaries of the Report and analyses some possible
fallout from implementing the Report.
We agree ...
Comments on SEBI's draft takeover code
(2010-03-31)
In this paper an attempt has been made to comment on the contents of the Draft
Regulation for `Substantial Acquisition of Shares in Listed Companies’ of SEBI
(Consultative Paper 1). The authors broadly concur with the ...