The rise of retail investors in India's secondary equity market presents a growing concern. While discussions focus on shifts in savings habits and the decline in bank deposits, this blog highlights the potential issue of irresponsible shareholder behaviour. Corporate influence and the lack of understanding about financial statements can lead to significant problems. This blog explores the need for responsible shareholder practices and suggests potential areas for further study, such as psephology. An example of shareholder negligence in adopting audited financial statements is used to illustrate the point.
