ISSN

2321-5763 (Online)
0976-495X (Print)


Author(s): Nikhil Kaushik

Email(s): nikhil.iifm14@gmail.com

DOI: 10.5958/2321-5763.2018.00012.4   

Address: Nikhil Kaushik
Research Scholar, Fellow Programme Management, Indian Institute of Forest Management, Bhopal, 462003
*Corresponding Author

Published In:   Volume - 9,      Issue - 1,     Year - 2018


ABSTRACT:
An efficient capital market needs improved quality as well as the quantity of information available to investors, which is possible by raising the principles of good corporate governance. Numerous studies showed its importance in the development of the stock market. To strengthen the trust of investors in companies Securities Exchange Board of India (SEBI) revised Clause 49 of the Listing Agreement of the Indian Stock Market which gets operationalized in October 2014. This study investigates the impact of revised Clause 49 on Indian stock market volatility using asymmetric conditional volatility models. For analysis, author considered return pattern of five indexes; S &P BSE SENSEX, S&P BSE AllCap, S &P BSE LargeCap, S&P BSE MidCap and S&P BSE SmallCap. The study is divided into two phases keeping revised Clause 49, 2014 as a benchmark; Pre-CG regulation period from January 1st, 2006 to September 30th, 2014 and Post-CG regulation period from October 1st, 2014 to March 31st, 2017. Results show that the revised Clause 49, 2013 helps to build the trust of investors for Small-Cap companies in Indian Stock Market.


Cite this article:
Nikhil Kaushik. Corporate Governance and Indian Stock Market: A Study with Asymmetric Conditional Volatility Models. Asian Journal of Management. 2018; 9(1):80-86. doi: 10.5958/2321-5763.2018.00012.4


Recomonded Articles:

Author(s): GoutamTanty, P K Patjoshi

DOI: 10.5958/2321-5763.2016.00029.9         Access: Open Access Read More

Author(s): Soumya Shetty, Janet Jyothi Dsouza

DOI: 10.5958/2321-5763.2018.00171.3         Access: Open Access Read More

Author(s): Manu K S, Varsha L Menda

DOI: 10.5958/2321-5763.2017.00090.7         Access: Open Access Read More

Author(s): Shivangi Dhawan, Anupreet Kaur Mokha

DOI: 10.5958/2321-5763.2017.00101.9         Access: Open Access Read More

Author(s): Jugal Kishore Barman

DOI:         Access: Open Access Read More

Author(s): Bibhu Prasad Sahoo, Karman Kaur

DOI: 10.5958/2321-5763.2017.00162.7         Access: Open Access Read More

Author(s): A. K. Das Mohapatra

DOI:         Access: Open Access Read More

Author(s): Bishwajeet Bhattacharjee, Nikita Upadhyay

DOI:         Access: Open Access Read More

Author(s): Suman Kalyan Chaudhury, Debi Prasad Mishra, Santanu Kumar Das

DOI:         Access: Open Access Read More

Author(s): Rincey B. Abraham

DOI:         Access: Open Access Read More

Asian Journal of Management (AJM) is an international, peer-reviewed journal, devoted to managerial sciences. The aim of AJM is to publish the relevant to applied management theory and practice...... Read more >>>

RNI: Not Available                     
DOI: 10.5958/2321-5763 


Recent Articles




Tags