Please use this identifier to cite or link to this item: https://ir.iimcal.ac.in:8443/jspui/handle/123456789/891
Title: Evolution of private equity regulations in emerging markets: A case of India
Authors: Chinchwadkar, Rohan
Shekhar, Vidhu
Keywords: Initial Public Offerings
Underpricing
Seasoned Equity Offerings
Issue Date: 2016
Publisher: SCOPUS
Journal of Private Equity
Institutional Investor, Inc
Series/Report no.: 20(1)
Abstract: Post liberalization in 1991, the private equity (PE) industry has played a significant role in India's growth story, contributing more than $100 billion of stable longterm capital in the last 15 years. Owing to its fast emergence, the PE industry went from having adhoc regulation to a formal regulatory framework. This evolution presents a good case to study and understand financial policy making as it happens in emerging markets. This article is also a comprehensive guide for PE investors who want to understand the history and landscape of PE regulations in India. The authors track the evolution of regulatory environment for the PE industry in India, from SEBI (Venture Capital Funds) Regulations 1996 to the SEBI (Alternative Investment Funds) (Amendment) Regulations 2013, which govern the industry today. This historical study shows that while regulators in emerging markets are usually reactive rather than proactive, it also emphasizes the importance of effective regulation in boosting an important industry like PE. It highlights the fact that a regulator should not create regulations in isolation; it is critical to take inputs from different stakeholders to develop effective regulations. � 2015Institutional Investor LLC. All Rights Reserved.
Description: Chinchwadkar, Rohan, Indian Institute of Management TiruchirapalliTamil Nadu, India; Shekhar, Vidhu, Indian Institute of Management Calcutta in Joka, Kolkata, West Bengal, India
ISSN/ISBN - 10965572
pp.38-44
DOI - 10.3905/jpe.2016.20.1.038
URI: https://www.scopus.com/inward/record.uri?eid=2-s2.0-85011305594&doi=10.3905%2fjpe.2016.20.1.038&partnerID=40&md5=3328b0d28627d8b24d4744181ae1a6c3
https://ir.iimcal.ac.in:8443/jspui/handle/123456789/891
Appears in Collections:Economics

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