The present study examines the determinants of foreign portfolio investment (FPI) and its impact on the national economy in six developing Asian countries. Regression results show that inflation rate, real exchange rate, index of economic activity and the share of domestic capital market in the...

The objective of this paper is to examine if firms have been making super normal profits since 1975 when price controls were removed. It also evaluates the impact of policy changes since 1981-82 on profitability and growth of firms in the industry using Tobin's q as a measure of profitability....

The objective of the present study is to examine, for India, the impact of financial integration on its capital market in terms of growth, volatility, and market efficiency. The results show that the primary stock market has grown significantly since the beginning of capital market reforms in...