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Purpose – The purpose of this paper is to study the efficiency of capital allocation, across levels of ownership, in the aftermath of pro‐market reforms in India. Design/methodology/approach – The paper measures investment efficiency using the accelerator principle and examines the effect...
Purpose – This paper seeks to study the impact of bio‐fuel policies on oil and food futures prices from December 6, 2004 to August 1, 2008. Design/methodology/approach – The daily closing prices of brent crude oil, light sweet crude oil, corn, wheat, soybeans, and rough rice futures from...
Purpose – Class action (CA) has long been used in practice (mainly in the USA) and studied by academics especially in the shareholder protection area. This paper aims to apply the same practice within the current financial meltdown context. Design/methodology/approach – The paper faces the...
Purpose – The purpose of this paper is to evaluate recent financial system reforms in the USA by placing them in the context of major structural trends currently underway in the markets, due to technology and globalization of trading. Design/methodology/approach – The paper describes trends...
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