Stock Market Efficiency in India

The Indian Stock Market is witnessing heightened activities and is increasingly gaining importance to domestic and foreign investors, as well as to retail and institutional investors. In the current scenario, it is of utmost importance to know whether the Indian market is functioning efficiently, which in turn ensures the proper allocation of huge capital (in)flows to this emerging economy. This book provides in depth analysis of informational efficiency of the Indian Stock Market, in semi-strong form. It addresses the impact of company's dividend policy on market returns, with special attention to capture the asymmetric behavior of the market towards good news of dividend initiation and bad news of dividend omission announcements. This book is helpful for the investors to learn about the market they are investing in, and similarly for the company policy makers to decide upon their dividend policy keeping the investors' reactions in mind.

Autorentext

The author is a doctoral research scholar in the Department of Economics, Mizoram University, India. She has completed M.Phi. in Finance from the ICFAI University, India and M.Sc. in Economics from the Calcutta University, India. She has a number of publications in the area of Indian capital market, derivatives market, financial modelling, etc.