The Beta Country Risk Model, as described by Erb, Harvey and Viskanta (1996) and used by Andrade and Teles (2004) for Brazil, is used to estimate the country risk of India based on several macroeconomic indicators. Ordinary least squares regression is run on the white noise (unexpected...

The paper tries to identify the presence of ‘market-wide herding' in the Indian capital market and whether Institutional Investors impact such Herding. In particular, the paper looks at the impact of FII Flows as well as mutual funds on herding. The work also looks at the impact of index...