Minor Project

Topics: Stock market, American Depositary Receipt, Stock exchange Pages: 16 (4848 words) Published: August 20, 2013
Minor Project Report

On

EFFECT OF EVENTS ON INTERNATIONALLY LISTED STOCK: A STUDY OF INDIAN ADRs

Submitted in partial fulfillment for the award of the degree of Master of Business Administration
Under The Guidance of:
Dr. Anindita Chakraborty
Assistant Professor
FMS-BHU

Submitted by:
Yubraj Subedi
M.B.A. ii nd

Exam Roll No. : 12380MA014

April 2013

DECLARATION

I hereby declare that this minor Report entitled “EFFECT OF EVENTS ON INTERNATIONALLY LISTED STOCK: A STUDY OF INDIAN ADRs” is my own work. The work is original except, where indicated by special references and citations in the text and the same has not been submitted to any other Institute for the award of any other degree.

Yubraj Subedi
MBA IInd semester
Enrolment No. : 345009
Exam Roll No. : 12380MA053

CERTIFICATE

This is to certify that the Minor project report entitled “EFFECT OF EVENTS ON INTERNATIONALLY LISTED STOCK: A STUDY OF INDIAN ADRs” is based on the original research study conducted by Mr. Yubraj Subedi, Enrolment No. 345009, an MBA IInd semester student of this institute, in partial fulfilment of Master of Business Administration under FMS-BHU and the said minor project report has been prepared under my guidance.

………………………..
Signature
Dr. Anindita Chakraborty
Assistant Professor
FMS-BHU

ACKNOWLEDGEMENT

The presented minor project entitles “EFFECT OF EVENTS ON INTERNATIONALLY LISTED STOCK: A STUDY OF INDIAN ADRs” is prepared for the partial fulfillment of the award for the degree of Master of Business Administration of Banaras Hindu University. I would like to express my cordial thanks to all the concerned peoples, who have directly or indirectly contribute towards achieving this project. I pay my gratitude to Professor R.K. Pandey, Head & Dean, FMS-BHU for giving me his kind guidance & invaluable support during my entire course of pursing MBA. Firstly, I would to like to express my gratitude to all the Faculty members, mentors DR. Anindita Chakraborty who gave me necessary suggestions and guidelines in completion of report. I wish to offer my thanks to my institute FACULTY OF MANAGEMENT STUDIES-BANARAS HINDU UNIVERSITY for providing me an opportunity to work on such an important project. Last but not least; I would equally thankful to all my friends for encouraging and providing suggestion while writing this minor project.

YUBRAJ SUBEDI
MBA-IIND SEMESTER
Faculty of Management Studies

ABBREVIATION

ADRsAmerican Depository Receipts
NASDAQ National Association of Securities Dealers Automatic Quotation System GDRGlobal Depository Receipts
NYSENew York Stock Exchange
DR Depositary Receipt
USUnited States of America
CARCumulative Abnormal Returns
ARAbnormal Returns

List of Table

Table 1: ADRs of Indian Origin Trading on Major Bombay Exchanges. Table 2: Paired Sample statistics of Data

List of Figures

Figure 1: The growth of ADRs during the late 1990s
Figure 2: Variation in Return of Indian ADRs

TABLES OF CONTENTS
| | Page No.|
| CHAPTER 1: INTRODUCTION 1.1 Introduction 1.2 Nature and Brief of history 1.3 Meaning of Event StudyCHAPTER 2: LITERATURE REVIEW 2.1 Related ResearchCHAPTER 3: RESEARCH METHOD 3.1 Objective of the study 3.2 Hypotheses 3.3 Research Design 3.3.1 The study 3.3.2 Sample Design 3.3.3 Sample Size 3.3.4 Tools used for Data Collection 3.3.5 Tools used for Analysis 3.4 Data Collection and AnalysisCHAPTER 4: RESULTS AND DISCUSSIONS CHAPTER 5: FINDINGS & CONCLUSIONS 5.1 Findings 5.2 ConclusionREFERENCESANNEXUREAPPENDIX| 9-17 101114 18-212022-232323232323232323232324-2627-282828|

CHAPTER 1: INTRODUCTION

1.1 Introduction
With the opening up of the financial markets, Indian companies joined the 1990s’ worldwide rush to raise capital by issuing Depositary Receipts. While Indian...


References: Source: Bank of New York (2001).
*1995 figures. Source: Miller (1999).
CHAPTER 2: LITERATURE REVIEW
Arugaslan and Samant, (2009) evaluates risk-adjusted performance of American Depositary Receipts (ADRs) on shares of stock of Indian firms
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