Stock Market Capitalization and Corporate Governance in India

"Corporate governance in India is inadequate and does not protect shareholders sufficiently. The wealth of investors is systematically destroyed in India due to the presence of a large number of low capitalized companies (LCCs) whose stock is barely traded. These continue to litter the landscape of Indian stock exchange without being swiftly weeded out. This volume discusses various instruments of corporate governance for protecting investors' interest in an emerging market environment with reference to global practices." "The book emphasizes the importance of concerted efforts by governments, regulatory authorities, and business associations, in encouraging a culture of corporate responsibility, transparency, and accountability, given the high social and economic costs associated with governance crises."--BOOK JACKET.