Journal of Capital Market and Securities Law

Internationalisation of Securities Market

2024-01-25T10:10:36+00:00

The Internationalization of securities markets has emerged as a significant trend in the global financial landscape, reshaping the way capital is raised, invested, and traded across borders. This process involves the integration and harmonisation of financial systems, allowing for the cross-border issuance, trading, and investment in securities. The Internationalization of securities markets has gained momentum due to advancements in technology, the liberalisation of capital flows, and the increasing interconnectedness of economies. The Internationalization of securities markets offers numerous benefits for both investors and issuers. First, it offers investors a wider range of investments than the domestic market. This allows them to expand their investment potential and increase their returns by taking advantage of the growth of foreign markets. Additionally, globalization provides entrepreneurs with access to large capital from international investors and reduces dependence on domestic capital.
Increased access to capital supports business expansion, innovation and economic growth. Furthermore, the Internationalization of securities markets promotes market efficiency, transparency, and liquidity. As markets become more interconnected, information flows more freely, leading to improved price discovery and reduced information asymmetry. This enhances market efficiency and ensures that securities are priced more accurately. Moreover, increased liquidity in international securities markets allows for smoother trading and reduces transaction costs, benefiting both investors and issuers. The globalization of securities markets introduces complexities and potential risks that require vigilant oversight. A fundamental challenge stems from variations in regulatory structures, legal frameworks, and market conventions among different nations. These variations can create complexities and uncertainties for market participants, hindering the smooth functioning of crossborder transactions. The correlation between regulations, standards and good governance is important to address these issues and create a level playing field for industry participants. An additional concern linked to international trade is the potential for contamination, posing a risk of tainting the entire market. The interconnectedness of securities markets can amplify the impact of financial crises or disruptions in one market, leading to spillover effects on other markets.

An Empirical Study of Financial Data of AMCO India Limited

2024-03-04T04:44:26+00:00

Financial analysis is the process of identifying a company advantages and disadvantages. The balance sheet and specifics of the company's profit and loss account provide the foundation for financial analysis.. This study has been conducted by examining ten years of financial statements of Amco India Limited.The main purpose of this study is to analyse the financials of the company and help in determining the growth of the company. This study has made use of secondary data. This study indicates that a number of ratios, including the cash, quick, and current ratios, The dividend payout ratio, rate of return, assets, return on equity, and other metrics are examined in an effort to determine the company financial situation The main goal is to examine the company's financial details in order to provide insights into its growth trajectory. This study aims to provide light on many facets of the companys financial health by using secondary data. Notably, a number of important ratios are carefully examined, including the dividend payout ratio, rate of return, assets, and return on equity, in addition to measurements like the cash, quick, and current ratios. The research aims to provide a thorough insight of the company's financial status by utilizing this holistic approach, empowering stakeholders to make educated decisions.

Derivatives Market & the Economy—Unriddling the Congruity

2024-02-09T05:31:35+00:00

In an economy, the derivatives market is extremely important. However, despite the publishing of numerous empirical studies on the causation of finance and growth, its relationship to economic growth and macroeconomic determinants appears to be underexamined in academic study. Many emerging nations, like India, have recently made the decision to create derivatives markets for risk management in order to guarantee economic stability. Through this paper, the author aims to understand the concept of derivatives market, then the author dives into examining the growth of derivatives market. Upon analysing, the author unravels the participants of derivatives market- hedgers and speculators and their role in the economy. The paper then goes on to analysed four major impacts of the market on the economy, in terms of investment, technical progress, international trade and monetary policy. The paper also comprehensively deconstructs the impact of the monetary policy on the derivatives market
while exploring the interrelation between derivatives market and the economy using four global economies finally leading to a conclusion that derivatives have a positive impact on the economy and hence governments must boost the derivatives sector through policy making and regulations.

Role of Stock Exchanges in the Secondary Securities Market

2023-11-18T09:00:00+00:00

The secondary securities market virtually functions through stock exchanges. This paper analyses the functions of the stock exchanges. Issuers are issuing securities to the investors through allotment of shares in the primary market that are subsequently traded in the secondary market by means of listing securities in the stock exchanges. SEBI and Stock Exchanges prescribe the regulatory framework for trading, clearing, and settlement of securities. The advancement of technologies brought significant changes in the roles of the stock exchanges. The trading platforms are accessible only in the stock exchanges in the olden days whereas they are accessible through the internet anywhere in the country or world in modern days. Stock exchanges are an indicator of industrial development as well as a barometer of the economy. They are not only providing wider avenues for investment but also ensuring investment safety by placing appropriate rules and regulations. SEBI and stock exchanges ensure
investor protection in the securities market using effective supervision and control.

An Analysis of Financial Performance of Infosys & Wipro Using Descriptive Statistics: During 2017-18 TO 2021-22

2024-02-09T05:44:53+00:00

This paper present the statistical analyses of financial performance of two IT companies named INFOSYS & Wipro on the basis of its annual financial reports for the period 2017-2018 to 2021-22. The whole study based on the objective of to analyze the liquidity position, profitability position, capital structure and working capital position of both the IT companies. In this study the
descriptive statistics of both the company. The analysis shows that (1) Due to more use of outside debt it has increased the interest burden on Wipro and it leads to unsatisfactory situation. (2) It has also founded that liquidity position is not up to accepted level because of more current liabilities. (3) The capital structure shows that Wipro use more outside debt rather than equity. It is suggested to Wipro to increase internal debt, to increase production levels, to control operation cost and to adopt forward integration strategy to expand the market.