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Title: The determinants of foreign institutional investments in India: a critical analysis
Researcher: Bawa, Imanjeet Singh
Guide(s): Aggarwal, Kirti
Keywords: Investments
Upload Date: 22-May-2012
University: Shri Jagdishprasad Jhabarmal Tibarewala University
Completed Date: 2011
Abstract: The study pertains to India, which is one of the fast growing markets in the world. India is an appropriate case for conducting such a study, as portfolio investment has become the dominant path of foreign investment in the Indian economy. India liberalized its financial market and allowed FIIs to participate in their domestic markets in 1992. The opening up of the market resulted in a number of positive effects. First, the stock exchanges had to improve the quality of their trading and settlement procedures in line with the best practices of the world. Second, the transparency and information flows improved on account of the entry of FIIs in India. However, people are also sensing negative effects in the form of potential destabilization because of the bulk buying and selling activity of FIIs. The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) are two leading stock exchanges of India. The foreign institutional investors are investing in these markets. So both of these markets have been taken to study the determinants of the foreign institutional investment in India. The National Stock Exchange was launched in 1992 and FIIs were also permitted to invest in Indian market in September 1992. Because of this the reference period for the study to investigate the impact of FIIs on stock market in India has been taken from January 1986 to December 2007. However, due to its non-existence the data on NSE prior to 1994 was not available. Hence, it was not appropriate to take National Stock Exchange data to ensure the impact of foreign institutional investors on stock market return and volatility. Therefore, to determine the impact of FIIs on Indian stock market (i.e. on return and volatility) Bombay Stock Exchange has been considered. The time period of the study varies with the various objectives of the study.
Appears in Departments:Faculty of Commerce & Management

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02_declaration.pdf29.15 kBAdobe PDFView/Open
03_certificate.pdf31.23 kBAdobe PDFView/Open
04_acknowledge.pdf23.69 kBAdobe PDFView/Open
05_contents.pdf94.46 kBAdobe PDFView/Open
06_list of figures.pdf40.95 kBAdobe PDFView/Open
07_list of tables.pdf52.42 kBAdobe PDFView/Open
08_abstract.pdf5.51 kBAdobe PDFView/Open
09_chapter 1.pdf262.23 kBAdobe PDFView/Open
10_chapter 2.pdf237.93 kBAdobe PDFView/Open
11_chapter 3.pdf278.27 kBAdobe PDFView/Open
12_chapter 4.pdf216.46 kBAdobe PDFView/Open
13_chapter 5.pdf163.43 kBAdobe PDFView/Open
14_chapter 6.pdf155.34 kBAdobe PDFView/Open
15_chapter 7.pdf431.52 kBAdobe PDFView/Open
16_chapter 8.pdf341.69 kBAdobe PDFView/Open
17_chapter 9.pdf95.77 kBAdobe PDFView/Open
18_bibliography.pdf88.05 kBAdobe PDFView/Open

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