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Mastershares: market prices divorced from fundamentals
(2010-03-31)
The shares of a closed-end Mutual Fund may be regarded as derived
securities because their value depends entirely on the prices of
securities that comprise the fund portfolio. Therefore, the Net
Asset Value (NAV) of ...
Regulatory framework for mutual funds
(2010-03-31)
The financial services industry in the Indian economy is
undergoing a sea change. One major change that has taken place
in the last few years is the establishment of a large number of
mutual funds. It is widely recognized ...
A regulatory framework for mutual funds
(2010-03-20)
The financial services industry in the Indian economy is undergoing a sea change. One major change that has taken place in the last few years is the establishment of a large number of mutual funds. It is widely recognized ...
Estimation errors and time varying betas in event studies a new approach
(2010-03-25)
The event study is one of the most powerful techniques for studying market efficiency. Over a period of time, researchers have made several modifications to the original methodology of Fama, Fisher, Jensen and Roll (1969). ...
Research on the Indian capital market: a review
(2010-03-26)
In this paper we present a review of research done in the field of Indian capital markets during the fifteen years from 1977 to 1992. The research works included in the survey were identified by two search procedures. ...
Financial sector reform: institutional and technological imperatives
(2010-03-26)
This paper takes the view that financial sector reform is not only a matter of jettisoning old regulations nor even merely a matter of prudential regulation accompanying structural deregulation; it is intimately bound up ...
Analysis of the Indian securities industry: market for debt
(2010-03-27)
Though the Indian equity market has shown some encouraging growth in the last decade, the Indian debt market has continued to remain sluggish. In an environment where India is keen to attract foreign investments, it will ...
Sebi's regulatory priorities: need for change
(2010-04-17)
Genesis and Function: SEBI was created in 1988 to reform and regulate the securities markets in India. It was given statutory powers in 1992 and assigned the following functions and responsibilities: * Make rules and ...
Gorbachev betas the Russian coup and market blues
(2009-12-12)
Extensive work has been done on response of stock markets to a variety of events, such as announcement of a firm s financial results, changes in a firm s variables. However, little work has been done on response of stock ...
Reform of the Fiscal and Subsidy Regime for the Petroleum Sector (Based on a Report Commissioned by the Petroleum Federation of India)
(2011-05-26)
Problems in the oil sector emanate from the structure of central taxes and the system of subsidization through prices. Solutions to the problems necessarily have to address both tax and subsidy simultaneously. The social ...