Law of One Price: A Chronicle of Dually Listed Indian Stocks [Paperback]

List of Figures

List of Tables

Preface

1. Introduction

2. Depository Receipts: Global Trends and the Indian Story

3. Is the World Flat?: Domestic Share Prices vis-?-vis the prices of their Depositary Receipts

4. Conclusion

References

Law of one price continues to be a central tenet of Financial Economics. This book is devoted towards examining law of one price in the context of dually-listed shares of Indian companies.

The authors promise and subsequently deliver on their promise, to present the world of Depository Receipts (DRs) to the readers in a simple and logical manner. The narrative is both logical and highly relevant to the current times. As the Indian start-up ecosystem continues to bloom and boom, businesses have been on the lookout to raise credit on good terms from both domestic and international sources. Therefore, this book makes an excellent read and would greatly benefit students and researchers in the field of finance, as well as business professionals looking to understand the DR route for raising overseas capital. The book draws well researched and evidence-backed inferences on the behaviour of dually listed stocks of Indian companies and the transmission of shocks from domestic market to the foreign exchanges.

V. Anantha Nageswaran, Chief Economic Advisor, Ministry of Finance, Government of India