Selected bibliography

Books

• Avadhani V.A, Investment & Securities Markets in India: Investment

Management, Himalaya Publishing, Bombay, 1992, PP.426.
• Balasubramaniam.N, Corporate Financial Policies and
Shareholders Returns: The Indian Experience, Himalaya Publishing
House, Bombay, 1993, PP.266.
• Barua S.K, Raghunathan .V & Varma J.R, Portfolio Management,
Tata Mcgraw-Hill, New Delhi, 1992, PP.256.
• Barua S.K & Varma J.R, The Great Indian Scam: Story of the
Missing Rs 4000 crore. Vision Books, Delhi, 1993, PP.160.
• Basu Debasish & Dalai Sucheta, Scam: Who Won, Who Lost, Who
Got Away. UBS Publishers & Distributors, New Delhi, 1993,
PP.294.
• Bhalla U.K, Investment Management: Security Analysis and
Portfolio Management, S. Chand, New Delhi, 1983, PP. 391.
• Bhole L .M, Financial Markets and Institutions: Growth Structure
and Innovations. Tata McGraw Hill, New Delhi, 1982, PP. 360.
• _______ ., Financial Institutions & Markets: Structure Growth and
Innovations. Tata McGraw Hill, Delhi, 1992, PP.527.
• Chandra Prasanna, Investment Game: How to Win. Tata McGraw-
Hill, New Delhi, 1990, PP.230.
• Dixit R.K, Behaviour of Share Prices and Investment in India, Deep
& Deep Publications, New Delhi, 1986, PP.328.
• Dhankar J.N, A Treatise on Merchant Banking - Project Approval
and Financing. Skylark Publications, New Delhi, 1986.
• Gupta L .C, Shareholders Survey: Geographic Distribution, Manas
Publications, Delhi, 1987, PP.86.
• Gupta O.P, Stock Market Efficiency and Price Behaviour (The
Indian Experience), Anmol Publications, New Delhi, 1989, PP.373.
• Gordon.E & Natarajan.K, Capital Market in India, Himalaya
Publishing House, 1999, PP.1-17.

238
• Jain P.K, Financial Institutions of India: A study of UTI, Triveni
Publications, New Delhi, 1983.
• Dr. Jani B.M, Impact of Financial Liberalization Policy in India.
Himalaya Publishing House, 1997.
• Joginder sinqh. Working of Security Market in India, New
Delhi. Reliance Publishing House, 1994, PP.31.
• Khan M.Y, New Issues Market and Finance for Industry in India,
Allied Publishers, Bombay, 1978, PP. 149.
• ________ , New Issues Market and Finance for Industry in India,
Allied Publishers, Bombay, PP.12-13.
• Mathur B.L, Stock Exchange and Security analysis, RBSA
Publishers, 2000.
• Mazumdar. H, Business Investment in India. J.B. Walters
Publishing Co. Cromington, 1955.
• Mehta Nipun .S, PTC Exchange of India: The Stock Exchange for
you and Me.Jaico Publishers, Bombay, 1992.
• Mohan Rao .P, Working of Mutual Fund Organizations in India
Kanishka Publishers and Distributors, New Delhi, 1998.
• Palaha Satinder, Cost of Capital and Corporate, Policy, with Special
Reference to the Influence of Changes in Accounting Variables on
Stock Prices, Anmol Publications, New Delhi, 1991.PP. 186
• Pandey I .M, Capital Structure and the Cost of Capital. Vikas, New
Delhi, 1981.
• _________ , Capital Structure and The Cost of Capital, vikas, New
Delhi, 1981.
• Preeti singh, Investment Management, Himalaya Publishing House,
2003, PP. 12-13.
• _________ , Investment Management: Security Analysis and
Portfolio Management. Himalaya Publishing, Bombay, 1986,
PP.579.

239
• Raghunathan.V, Stock Exchanges and Investments: Straight
Answers to 100 Nagging Questions. Tata McGraw Hill, New Delhi,
1991, PP.176.
• Ramachandran.K.S, Scanning The Scam: How and Why of the
Securities Scandal, NEO Publishing Company, New Delhi, 1993,
PP.199.
• Sahni S.K, Stock Exchanges in India: Practices. Problems,
Prospects. North Publishing Corporation, New Delhi, 1985, PP.
344.
• Saroja .S, Emerging Trends in the Capital Market in India. Global
Business Press, New Delhi, 1992.
• Sarman .S Narasimha, Financial Economics of Bonus Shares:
Implications for the Value of the Firm. Academic Foundation, Delhi,
PP. 144.

• Sen T. M & Chandrashekar ,C, All About Debentures. Wadhwa &

Company, Allahabad, 1986.

• Srinivasan.R, Priority Sector Lending - A Study of Indian

Experience. Himalaya Publishing House, Mumbai, 1995.

• Varma J.C, Merchant Banking: Organisation and Management.

Tata McGraw Hill, New Delhi, 1990, PP. 354.

• Virendar Jain, investors Behavior. Macmillan India ltd., 2001,

PP. 175 and 176.
• Yasaswy N.J, Eguitv Investment Strategy. Tata McGraw Hill, New
Delhi, 1985.
• , Growth Stocks. Vision Books, New Delhi, 1991,
PP.208.
• , Emerging Blue Chips: 1992-93 With Model Portfolios
of the 177 Highfliers of the Year. Vision Books, New Delhi, 1992,
PP. 223.
• , PSU Stocks Picking the Winners. Vision Books, New
Delhi, 1992, PP.206.

240
Reports

• Barua S. K, Valuation of Securities and Influence of Value on

Financial Decision of a Firm. Doctoral Dissertation, Indian Institute
of Management, Ahmedabad, 1980.
• Bhole L. M, Investment, Interest & Monetary Policy in India,
Bombay University, Bombay, 1974.
• Barua S. K & Varma J ,R, Speculative Dynamics: The Case of
Mastershares: Advances in Financial Planning and Forecasting,
Vol. 5, Jai Press, Greenwitch, CT, USA.
• Chawla O.P, It All Impact of Differential Rate of Interest Schemes,
National Institute of Bank Management, Mumbai, 1983.
• Dhillon. N, Market Regulations and Stock Market Activity, Doctoral
Dissertation, Indian Institute of Management, Ahmedabad, 1993.
• Dixit R. K, The Behaviour of Share Price in India. Doctoral
Dissertation, Panjab University, Chandigarh, 1984.

• Gujarathi .M, Performance of New Euqitv Shares: An Indian

Experience, Doctoral Dissertation, Indian Institute of Management,
Ahmedabad, 1981.
• Gupta L .C, Rates of Return on Equities: The Indian Experience,
Oxford University, press, New Delhi, 1981.
• ________ , Indian Shareholders: A Survey, Society for
Capital Market Research and Development, Delhi, 1991, PP.174.
• , Mutual Funds and Investor Preference in Asset
Holding. Society for Capital Market Research, Delhi, 1993.
• Narashima Rao.T.V, Determinants of Rates of Returns of Equity
Shares in India, (Unpublished Thesis).
• Ramachandran ,J, ‘Behaviour of Stock Market Prices, Trading
Rules, Information & Market Efficiency, Doctoral Dissertation, Indian
Institute of Management, Ahmedabad.
• Ramachandran .G, Behaviour of Share Prices - A Statistical
Analysis, Doctoral Dissertation, Institute for Financial Management
and Research, 1989.

241
 • Sastry V. K, Dividends. Investments and External Financing
Behaviour of the Corporate Sector of India .Doctoral Dissertation,
University of Pennsylvania, 1966.
• Simha S .L ,N, Hemalatha .D & Balakrishnan ,S, Investment
Management. Institute of Financial Management and Research,
Madras.
• Srinivasan .R , Security Prices Behaviour Associated with
Rights Issue-Related Events, Doctoral Dissertation, Indian Institute
of Management, Ahmedabad, 1993
• Stock Exchange Trading in India: Agenda for Reform. Society for
capital Market Research and Development, Delhi, p,123.
• Subramaniam .S, The Impact of Political and Economic Events on
Stock Behaviour Doctoral Dissertation, Indian Institute of
Management, Ahmedabad, 1989.

• Subramaniah .V, Behaviour of Share Prices - A Test of Weak

Form of EMH Under Indian Conditions, (unpublished thesis),
1990.
• Varma, Asset Pricing Model. Under Parameter Non-Stationarv,
Doctoral Dissertation, Indian Institute of Management, Ahmedabad,
1988.
• Varma J. R, Asset Pricing Models Under Parameter Non-
Stationaritv. Doctoral Dissertation, Indian Institute of
Management, Ahmedabad, 1988.

Articles
• Agrawal G. D, ‘Mutual Funds and Investros’, Chartered Secretary.
Vol. 22, No. 1 , Jan 1992, PP. 23.
• Agrawal N .C, ‘Underwriting Operations in India: Re examination
Needed’, Chartered Accountant, Vol.28, No. 11, May 1980. PP.

1001-1005.
• Agrawal P. C, ‘Suggestions on Scripless Trading’,
Chartered Secretary, Vol.22, No. 10, Oct 1992, P.888

242
• Anshuman A. S & Prakash Chandra .R, ‘Small Equity
Shareholdings : The Repercussions’, Chartered Secretary, Vol. 21,
No. 7, Jul 1991, PP.562.
• Atmaramani K. A, ‘Issue of Non-Convertible Debentures by Public
Limited Companies’, Chartered Secretary. Vol. 14, No. 7 , Jul 1984,
PP.463 - 468.
• Bal R. K and Mishra B. B, ‘Role of Mutual Funds in Developing
Indian Capital Market’, Indian Journal of Commerce. Vol. XLIII,
PP.165.
• Balasubramaniam C .S, ‘Indexes of Ordinary Share Prices - An
Evaluation’, Artha Viinana. Vol. 22, No. 4, Dec 1980, PP.552-564.
• Balkrishanan, ‘Determinants of Equity Prices in India’, Charted
Accountant. Vol. 19, No. 12, Dec 1984, PP.728-730.
• Balakrishnaih.A, ‘Measurements of Trends In Capital Market’,
Company News and Notes. Nov 1965, PP.486-496.
• Barua S. K, ‘Short-run Price Behaviour of Securities: Some
Evidence of Indian Capital’, Vikalpa , Vol. 6, No. 2, Apr-Jun 1981,
PP.93-100.
• Barua S. K & Raghunathan .V, ‘Inefficiency of the Indian Capital
Market’, Vikalpa. Vol.11, No. 3, Jul-Sept 1986, PP. 225-230.
• , ‘Inefficiency and Speculation in the Indian Capital
Market’, Vikalpa. Vol. 12, No. 3, Jul-Sept 1987, PP.53-58.
• Barua S .K, ‘Some Observations on the Report of the High Powered
Committee on Stock Exchange Reforms’, Annual Issue of ICFAI,
December 1987.
• Barua S. K & Srinivasan .G, ‘Investigation of Decision Criteria for
Investment in Risky Assets’, OMEGA: International Journal of
Management Science. Vol. 15, No. 3, 1987, PP.247-253.
• _, ‘Setting the Terms for Convertible Debenture Issues:
Should the Spirit of Company Law be Violated?’, Vikalpa, Vol. 12,
No. 1, Jan-Mar 1987, PP.57-61.

243
• , ‘The Decision Process of Individuals under Conditions
of Risk: An Experimental Study’, International Journal of
Management, Vol. 5, No. 3, (Sept), 1988, PP.251-258.
• Barua S. K & Raghunathan .V, Testing Stock Market Efficiency
Using Risk-Return Parity Rule: A Reply (Notes & Comments)’,
Vikalpa. Vol. 13, Jul-Sept 1988, PP. 82-83.
• , ‘Soaring Stock Prices: Defying Fundamentals’,
Economic & Political Weekly. Vol. 25, No. 46, Nov 17, 1990,
PP.2559-2561.
• , ‘Convertible Securities & Implied Options’, Vikalpa.
Vol. 15, No. 4, Oct-Dec 1990, PP.23-28.
• Barua S K & Varma J. R, “Mastershares: A Bonanza for Large
Investors”, Vikalpa. Vol. 16, No. 1, Jan-Mar1991, PP.29-34.
• Barua S. K,Varma J .R, Venkiteswaran .N, ‘A Regalatory
Framework for Mutual Funds’, Economic & Political Weekly, Vol.26,
No.21,May 25, 1991,PP.55-59.
• Barua S .K & Srinivasan .G, ‘Experiment on Individual Investment
Decision Making Process’, Sankhva. Vol. 53, Series B, 1991,PP.
74-88.
• Barua S. K & Varma J .R,’Securities Scam: Genesis, Mechanics
and Impact’, Vikalpa. Vol. 18, No. 1, Jan-Mar 1993, PP. 3-12.
• __________, ‘RBI Autonomy and the Indian Financial Sector’,
Vikalpa. Vol. 18, No. 4, Oct-Dec 1993, PP. 15-19.
• Bhatt M .C, ‘Merchant Banking in India: Its Contribution to National
Development’, Chartered Secretary. Vol. 10, No. 10, Oct 1980,
PP.922.
• Bhatt Ramesh .K, ‘Pitfalls of the Price-Earnings Ratio’, Chartered
Accountant. Vol. 30, July 1981, PP.19.
• Bhole L .M, ‘Retained Earnings, Dividends and Share Prices of
Indian Joint Stock Companies’, Economic & Political Weekly,
Review of Management. Aug 1980, PP.M92-100.

244
• , ‘Proposals for Financial Sector Reforms in India: An
Appraisal (Perspectives)’, Vikalpa. Vol. 17, No. 3, Jul-Sep 1992,
PP.3-9.
• Chandra Prasanna, ‘Comparison of the Additive and Multiplicative
Models of Stock Valuation’, Decision. Vol, 4, No. 1 , Jan 1997
• , ‘Pricing of Public Issues’, Chartered Financial Analyst.
Jul-Aug 1989, PP.3-7.
• , ‘Individual Portfolio Management: Mistakes and
Remedies’, Chartered Financial Analyst, Sep-Oct 1989, PP.3-5.
• , ‘Indian Capital Market: Pathways of Development’,
ASCI Journal of Management. Vol. 20, No. 2-3 Sept-Dec 1990,
PP. 129-137.
• Chaudhury S. K, ‘Convertible Debenture: Analysing Yield & Risk’,
Management Accountant, Vol. 20, No. 1, Jan 1985, PP. 86-88.
• , ‘Short Run Behaviour of Industrial Share Price
Indices: An Empirical Study of Returns, Volatility and Covariance
Structure’, Prainan. Vol. XX, No. 2, Apr-Jun, PP. 99-113.
• , ‘Seasonality in Share Returns: Preliminary Evidence
on Day of-the-Week Effect’, Chartered Accountant. Vol.40, No. 5,
Nov), p.407.
• , ‘Short-run Share Price Behaviour: New Evidence on
Weak form of Market Efficiency’, Vikalpa. Vol. 16, No. 4, Oct-Dec
1991, PP. 17-21.
• Dinesh Narayanan, ‘All Insider Trading Cannot be Punished, Says
SAT’, The Hindu. Nov 5, 2003.
• Francis C. K, “Towards a Healthy Capital Market”, Yoiana. Vol. 35,
Mar. 1-15, 1991, PP.11-13.
• , ‘SEBI; The Need of the Hour’, SEDME. Vol. 18(3),
1991, PP.37-41.
• Gujarathi .M & Srinivasan G, ‘Shareholders Discount Coupons - A
Case of Disguised Dividends’, Chartered Accountant. Vol.27, No.9,
March, 1980, PP.833-36.

245
• Gujarathi Mahendra, ‘Do New Equity Issues fetch Extra normal
Returns?’, Vikalpa. Vol. 12, No. 4 ,Oct-Dec 987, PP.43-50.
• Gupta L .C, ‘Bonus Shares: Facts, Fiction & Policy’, Chartered
Accountant. Vol. 27, No. 2, 1978, PP. 85-90.
• ________ , ‘Long Term Rates of Return on Industrial Equities in
India’, Economic & Political Weekly, August 1980, PP. 85-92.
• ________ , ‘Preference Share and Company Finance’, Madras,
IFMR. 1975, PP.106.
• Gupta O. P, ‘A Case for Convertible Debenture’ Chartered
Secretary. Vol. 10, No. 5, May 1980,PP. 464^66.
• ________ , ‘Behaviour of Share Prices in India: A Test of Market
Efficiency’, National. New Delhi, 1985.
• Gupta Ramesh, ‘Regulation of Securities Market in India: Some
Issues’, Chartered Secretary, Vol. 21, No. 6, June 1991.
• __________, ‘Development of the Capital Market in India: A
Regulatory Perspective’, Working Paper No. 997, Jan-Mar 1992,
Indian Institute of Management, Ahmedabad , 1992.
• __________, ‘Options Trading: A Primer and a Proposal’, Chartered
Secretary. Vol. 22, No. 10, Oct 1992, PP.883.

• Gupta S. M, ‘Behavioural Practices of Bonus Issues’, Chartered

Accountant. Vol. 39, No. 12, 1991,PP. 1010.
• Flingorani N .L, ‘Value of Rights Shares’, Prainan, Vol. VII, No.
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• Ignatitus Roger,’The Bombay Stock Exchange: Seasonality and
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• ‘Investment Climate Poor in Kerala’, The Hindu. (Cll study),
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• Jain P. K, ‘UTI & The New Issue Market’, Artha Viinana. Vol. 21,
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• Kapadia M.B, ‘Financing with convertible Debentures’, Management
Accountant. Vol. 16, No. 11, Jul 1981, PP. 534.

246
• Kapoor R.C, ‘Convertible Debentures: Major Financial
Considerations’, Management Accountant. Vol. 16, No. 7, Jul 1981,
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• Kapur S.N, ‘Portfolio Behaviour. Of Commercial Banks an Empirical
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• Kejriwal S.R, ‘Reservation of Shares for Financial Institutions’,
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• Kothari Rajesh, ‘Profile of Recent Developments in Indian Capital

Market’, Prashanika, HCM-RIPA, Vol. XV, No. 4, Oct-Dec 1986.
• Khan M .Y, ‘New Issue Market and Company Finance’. Economic &
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• Kulkarni N Suresh, ‘Share price Behaviour in India : A Spectral
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• Lai Jawahar, ‘Investor's Understanding of Information: Some

Evidence’, Chartered Secretary, Vol. 22, No.3, Mar 1992, PP.211.

• Lai .T, ‘Primary Capital Market: Some reflections’, Yoiana. Vol.34,

June 16-30, 1990, PP 9-12.
• Mahapatra R. P & Sahu P .K, ‘A Note on Determinants of Corporate
Dividend Behaviour in India - an Econometric Analysis’, Decision.
Vol 20(1), 1993, PP, 1-22.

• Mayya M.R, ‘Do Equities Act as a Hedge against Inflation?’,

Economic & Political Weekly. Vol. 12,May 1977,PP. 61-71.
• , ‘Do Stock Exchanges have a future?’, Economic &
Political Weekly. Vol. 13,May 1978,PP. 19-25.
• __________, ‘Recent trends in securities market’, The Chartered
Accountant. March 1990 , PP.706

• Mookerjee Raju, ‘The Stock Market and the Economy: The Indian
Experience’, Indian Economic Journal, Vol. 36, No. 2, Oct-Dec
1988, PP. 30-43.
• Nachane D. M, The Interest-Price Nexus: An Old Them Revisited’,
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• Narayan R.Y, ’Will be Real Indian Investor Stand Up?’, Hindu
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• , ‘How do Stock Prices React to Bonus Issues?’,

Vikalpa. Vol. 17, No. 1 ,Jan-Mar 1992, PP. 17-22.
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• Patil R .H, ‘Can the Stock Exchanges Support the Envisaged
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• Prabhakaran Malathy, ‘Do Equities Act as a Hedge against
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• Premchander, ‘Protecting Debenture holders in the Capital Market’,
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• Rafat Mubeen, ‘Critical Factors Influencing Financing

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Differential Taxes, Inflation, Recurring Investments and Flotation

248
 Costs’, Working Paper No. 956, Indian Institute of Management,
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• Raghunathan V, Varma J R & Venkiteswaran .N, ‘The New
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• Raghunathan .V & Varma J .R, Why the Dollars do not Flow into
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• __________, ‘Crisil Rating: When Does AAA mean B?’, Vikalpa. Vol.
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• Ranganatham .M & Subramanian .V, ‘Weak Form of Efficient
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• Saha. A, ‘Merchant Banking: Retrospect & Prospects’, Yoiana. Vol

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251
Research papers
• Barua S.K & Raghunathan .V, ‘Inflation Hedge in India-stocks or
Bullion’, Working Paper No. 429. July-Sept 1982, Indian Institute of
Management, Ahmedabad, 1982.
• Barua S. K & Srinivasan .G, ‘Experiment on Individual Investment
Decision Making Process’, Working Paper No.423. , Indian Institute
of Management, Ahmedabad, Apr-June 1982.

• Barua S. K, Madhavan ,T & Raghunathan .V, ‘Implications of

Changes in the Holding, Period and Other, Parameters on
Systematic Risk and Performance of a Security’, Working Paper
No. 664, Indian Institute of Management, Ahmedabad, Jan-Mar
1987.
• Barua S. K & Varma J .R, ‘Mastershares : Enigmatic Performance’,
Working paper No.906. , Indian Institute of Management,
Ahmedabad, Oct-Dec 1990.
• __________, ‘Indian Convertible Bonds with Unspecified Terms: A
Valuation Model’, Working Paper No.991. Indian Institute of
Management, Ahmedabad, Jul-Sep 1991.

• , ‘Mastershares: Market Prices Divorced from

Fundamentals’, Working Paper No.953. Indian Institute of
Management, Ahmedabad.
• Barua S .K, Madhavan .T & Varma J .R ‘Indian Convertible Bonds
with Unspecified Terms: An Empirical Study’, Working Paper No,
990, Indian Institute of Management, Ahmedabad, Oct-Dec 1991.

• Barua S. K & Varma J. R, ‘Gorbachev Betas: The Russian Coup

and the Market Blues’, Working Paper No. 1054. Indian Institute of
Management, Ahmedabad, Jul-Sept 1992.
• Barua S. K, ‘SEBI's Regulatory Priorities: Need for Change’,
Unpublished, paper for the Ministry of Finance, Indian Institute of
Management, Ahmedabad, 1993.
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