The capital markets play a key role in financial development and liberalization process in developing economies. A well organized capital market is expected to perform disciplinary, allocative and investor protection functions effectively and efficiently. This will lead to effective channelisation of foreign as well as domestic capital flow for corporate growth. As developing economies are prone to threat from external events, it is crucial that they develop a financial system that divulge perfect information, minimizes transaction cost and leads to efficient capital allocation for the purpose of investment. In India, over the last decade and a half, in consonance with the restructuring of international financial market, major organizational changes have taken place like, liberalization of the economy, the integration of capital markets, the increasing dominance of institutional investors, the emergence and development of new financial techniques and instruments and the growth of emerging markets. The given book based on proceedings of a national seminar on capital market reforms includes theoretical and empirical evidence on: Financial Products, Trading Mechanism and Financial Services, Disclosure and Investor’s Protection and emerging issues in capital markets.
ABOUT THE AUTHOR Balwinder Singh
Dr. Balwinder Singh is a Reader at Department of Commerce and Business Management, Guru Nanak Dev University, Amritsar. He has done doctoral research in the area of Capital Market. The areas of his interest are Capital Market and Banking. His research work has been published in reputed international and national journals like Journal of Internet Banking and Commerce, Journal of Applied Economics and Management, The ICFAI Journal of Applied Finance, The ICFAI Journal of Bank Management, etc. Earlier he has been Deputy Director of All India Services Pre Examination Coaching Centre. He has been teaching Commerce Optional to Civil Services aspirants for the last ten years.
ABOUT THE AUTHOR Jaspal Singh
Prof. Dr. Jaspal Singh is the Founder-Head of the Department of Sociology and former dean of the Faculty of Social Sciences in Guru Nanak Dev University, Amritsar. He is also the Founder-Editor of Guru Nanak Journal of Sociology, as well as the Founder-President of Punjab Sociological Society. He has been engaged in teaching and research in Indian Institute of Management Bangalore, Punjab University Chandigarh and Indian Institute of Technology Delhi. He has been a member of the UGC Panel on Sociology, Advisory committee of the ICSSR Regional Centre, as well as Senate and Syndicate of GNDU. He has been a member of the boards of studies of several universities. Prof. Dr. Jaspal Singh has intensively interacted with empirical sociologists from all parts of the world.
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