This paper employs a combination of unit root tests and fractional integration technique to test for rational bubbles in Bombay Stock Exchange (BSE). The results in the paper strongly support evidence of rational bubbles in BSE. Evidence of rational bubbles in BSE reflect consistent divergence...

Buybacks is fast emerging as an effective alternative corporate payout policy. Buyback announcements are important events that create temporary market reactions in form of changes in stock prices, liquidity, volatility and other parameters. This study scans for the first time for Indian capital...

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...