1Senior Lecturer, Department of Management Studies, DDE, Annamalai University, Annamalai Nagar, India
2Professor, Department of Management Studies, DDE, Annamalai University, Annamalai Nagar, India
3Assistant Professor, Department of Management Studies, National Institute of Technology, Tiruchy, India
4Research Scholar, Department of Management Studies, National Institute of Technology, Tiruchy, India
An attempt has been made in this paper to study the relationship between capital market reforms and amount of money invested by the investors. Normally, capital market reforms have definite influence over the investment pattern of investors. But investors’ perception regarding capital market reforms would clearly indicate whether these reforms have positive or negative influence over investors'investments at the capital markets. In order to capture investors’ perception,a standard questionnaire has been developed and survey has been done in major cities in Tamilnadu. Factor and multiple regression analysis were used to analyse the data. There are five factors identified from the factor analysis, namely, company reforms, growth reforms, educative reforms, attractive reforms, and innovative reforms. Subsequently, these factors, along with a few control variables, were submitted for multiple regression analysis. The result shows that educative reforms and attractive reforms were statistically significant but they had negative influence over money invested by investors at the capital market.
Investors’ Perception, Capital Market Reforms, Factor Analysis and Multiple Regression Analysis
