Munich Personal RePEc Archive

Stock Market Developments and Capital Accumulation in India: Does Better Shareholder Protection Matter?

Sarkar, Prabirjit (2007): Stock Market Developments and Capital Accumulation in India: Does Better Shareholder Protection Matter?

[img]
Preview
PDF
MPRA_paper_4996.pdf

Download (162Kb) | Preview

Abstract

The paper analyses a new leximetric dataset for India relating to the protection of shareholders of the limited liability corporate sector and examines the impact of the changes in the shareholder protection law on economic development through stock market development. It finds no long-term relationship between corporate governance relating to shareholder protection and stock market developments and no relevance of stock market for economic development through capital accumulation.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.