This chapter explores fiduciary duties in India by examining both those arising from the standard fiduciary situations – agencies, corporation and trusts – as well as those that arise from situations that are fairly unique to India, such as the Hindu Undivided Family (HUF). The HUF is both...

Insider trading, the most conspicuous misbehaviour of the stock market, is additionally one of the most troublesome & difficult one to crack by regulators around the globe. Insider trading is a term dependent upon numerous definitions and meanings and it envelops both lawful and disallowed...

This paper investigates the impact of judiciaries on firms' contracting behaviour and economic performance. In 2002, the Code of Civil Procedure Amendment Act was enacted in India to facilitate speedy disposal of civil suits. Some State High Courts had already enacted some of the amendments...

In this article, I develop the concept of "ownership piercing." I use the expression to suggest that courts engage in a process of evaluative reasoning to clarify who owns property rights and controls the limited liability company. I show under what circumstances courts should pierce ownership....

The World Bank has published a series of reports on corporate governance as part of its project on the Reports on the Observance of Standards and Codes (ROSC). The corporate governance principles in its ROSC Reports are benchmarked against the OECD’s Principles of Corporate Governance (OECD...

Almost half of missing women in India are of post-reproductive ages. I show that intra-household gender inequality and gender asymmetry in poverty can account for a substantial fraction of these missing women. Using a natural experiment, I link women's intra-household bargaining power to their...

An increasing focus of contemporary Native American economic development literature concentrates on the role of institutions. Land tenure arrangements are an important part of the institutional structure on reservations because several reservations rely on agriculture and resource extraction....

This paper has adopted the exploratory case study method of analyzing a few recent cases of public procurement irregularities on Indian Railways documented by the vigilance departments and the CAG available in public domain to inquire into the following issues: (a) how do irregularities and...