Evidence of the impact of foreign equity investment flows on the global linkages of the Asian emerging equity markets is provided. Findings confirm that there is a general trend towards greater integration and this process appears to be influenced by the increasing volumes of foreign equity...

Using data from Indian IPOs issued in a mechanism which is far more transparent than the bookbuilding in the US and in most other markets, the paper examines retail investors' participation, their influence on IPO pricing and the returns they make on IPO investment. The transparency in the...