From the early 1990s, India embarked on easing capital controls. Liberalization emphasised openness towards equity flows, both FDI and portfolio flows. In particular, there are few barriers in the face of portfolio equity flows. In recent years, a massive increase in the value of foreign...

The structure and extent of interlocking directorates within Indian business groups is studied and analyses the performance effects of such interlocks. It finds that large groups tend to have more interlocks and more heterogeneous the group is, lesser are the interlocks. [IGIDR WP-2003-001].

This article reviews the regulations and governance reforms carried out in India with respect to auditor and audit committee independence. In doing so it critically compares them with the regulations existing in the US. This is followed by a discussion of the existing research on the...

Whether there should be transparency in political finance? Whether there should be a control over the money that the political parties are receiving?

The financial crisis of 2007-09 began as a local problem in the mortgage finance market in the United States and Europe but, within months, escalated into a general global financial crisis, resulting in collapsing investment not just in developed nations but also in Shanghai, Rio and Mumbai, and...

There are relatively few theoretical models or empirical analyses of clientelism which analyse the sources and consequences of clientelism. Data from household surveys in rural West Bengal are used to analyse the political clientelism. [BREAD working paper no. 369]....

In the paper there is a use of nation-wide policy of randomly allocating village council headships to women to identify the impact of female political leadership on the governance of projects implemented under the National Rural Employment Guarantee Act in India. Using primary survey data, they...