How Do Financial Constraints and Financial Returns Matter in Investment Management?

Abstract

Brokerage houses are financial institutions that assist in buying and selling by acting as a bridge between the buyer and seller. These firms are members of the stock exchange. In India, the two largest stock exchanges are BSE and NSE. These exchanges are regulated by SEBI. In the financial market, there are various types of brokerage firms that are providing a wide range of products and services. The recommendations of buy and sell given by various brokerage houses are of use to various individual investors, fund managers, and academic researchers. Brokerage houses form a large part of financial sector and, as such, demand attention. There are many financial analysts employed by brokerage houses who produce earnings and stock price forecasts and also investment recommendations, and their opinions are reported through various channels like television, newspaper, magazines, and on social networking sites.