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Retail Investor Participation and Protection in the Context of IPOs: A Review of Extant Literature

  • Parimala Veluvali
Chapter
Part of the Advances in Theory and Practice of Emerging Markets book series (ATPEM)

Abstract

Initial public offerings are an extensively researched area in the field of corporate finance. Extant literature has investigated various facets of the IPO process including the price performance, pricing mechanisms, price stabilization strategies, changing market design and the role of market participants in the IPO process. These studies have contributed to the theoretical and empirical development of subject. This chapter synthesizes the extant literature that is in line with the scope of the study, which is retail investor protection in India in the context of IPOs. By drawing upon various works that surround the theme of small investor protection in the context of the securities market, the chapter sets the background for the larger study. The chapter also explains the objectives of the study and articulates the research questions which seek to be answered. The extant literature is unanimous in upholding the cause of retail investor protection as a precondition for sustaining the growth of the market. The literature also points out to the unique requirements of the retail investors with respect to their investments in general and IPOs in particular.

Keywords

Literature review Retail investors IPOs Investor protection Regulations 

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Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  • Parimala Veluvali
    • 1
  1. 1.Symbiosis Centre for Management StudiesSymbiosis International (Deemed University)PuneIndia

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