Portfolio Flows and Governance in Corporate India

The IUP Journal of Corporate Governance, Vol. XI, No. 2, April 2012, pp. 38-44

Posted: 13 Oct 2012

See all articles by Arunima Haldar

Arunima Haldar

S.P. Jain Institute of Management and Research

S.V.D. Nageswara Rao

Indian Institute of Technology (IIT), Bombay - Shailesh J. Mehta School of Management (SJM)

Date Written: 2012

Abstract

This paper is an attempt to find out the factors affecting the investment by foreign portfolio investors in India. Considering firm-level variables, the paper tries to find out the importance of corporate governance factors in foreign portfolio investment in India, based on the annual governance data (March 2008) and foreign portfolio investment data (March 2009) of BSE 500 companies. Estimating the multiple regression equation by using ordinary least squares technique, the paper reveals that the foreign portfolio investment is significantly affected by financial returns as well as corporate governance factors.

Suggested Citation

Haldar, Arunima and Nageswara Rao, S. V. D., Portfolio Flows and Governance in Corporate India (2012). The IUP Journal of Corporate Governance, Vol. XI, No. 2, April 2012, pp. 38-44, Available at SSRN: https://ssrn.com/abstract=2160803

Arunima Haldar (Contact Author)

S.P. Jain Institute of Management and Research ( email )

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Andheri West
Mumbai, Maharashtra 119579
India

S. V. D. Nageswara Rao

Indian Institute of Technology (IIT), Bombay - Shailesh J. Mehta School of Management (SJM) ( email )

Powai
Mumbai 400076
India
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91-22-25722872 (Fax)

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