Emerging GDR Market: New Opportunity for Improving Global Performance

Nalini Prava Tripathy

Vision, 2002, vol. 6, issue 1, 51-57

Abstract: Rapid development of the capital market and financial liberalisation have brought a profound change in perception of entrants in the capital market. The large sum of Foreign Direct Investment in the country is an obvious outcome of India's commitment to the process of liberalisation. India has emerged as one of the most attractive investment markets the world over. The GDR issues of Indian companies received an overwhelming response abroad. Thus in this article an attempt has been made to determine the relationship between movement of GDR price and Domestic price to encourage Indian companies to integrate with global market. It also highlights the significance of the difference of variance in average GDR price and average domestic price to tap the international capital market with great confidence and resource strength.

Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:sae:vision:v:6:y:2002:i:1:p:51-57

DOI: 10.1177/097226290200600107

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