The Development of Bond Market is a precondition for development of stock market efficiently : Rese

 
GREATER NOIDA, India - April 14, 2021 - PRLog -- The Development of bond market is a precondition for the development of stock market. according to a research study published in Finance India –The Quarterly Journal of Finance, Vol. XXXV No. 1, March 2021 issue titled "Growth and Development of Corporate Bond Market in Bangladesh : Impediment Factors Analysis" by Prof. Suraiya Nazneen and Mohammad Shahidul Islam, University of Chittagong and University of Information Technology and Sciences (UITS), Bangladesh. The authors suggested some policy measures for the development of corporate bond market in Bangladesh including introducing bench mark bond for investment, reducing dominance of banking system, flotation cost, political stability, making regulatory reform for development of corporate bond market .

The Corporate bond market has insignificant share in the bond market of Bangladesh. The present study has been undertaken in order to identify the impeding factors of growth and development of Corporate bond market by employing sophisticated multivariate technique- Varimax Rotated Factor Analytical Technique. The study has collected and used only primary data, secondary data, and consulted available literature for designing the questionnaire. The study has identified factors impede the development of corporate bond market in Bangladesh - Financial institutions and Interest rate Factor, Macroeconomic Environment Factor, Market oriented Factor. Information of Sector Regulatory and Policy Formation Sector, Benchmark bond factor etc.

The study finally proposed the following policies measures for the development of corporate bond market in Bangladesh. The study advocates introduction of bench mark bond for investment; establishment of bench mark interest rate is one step ahead for the developing of corporate bond market; reduce dominance of banking system, flotation cost, political instability; increase contribution of non banking sector, diversification features of bond, marketability of bond, investors and make regulatory reforms for development of corporate bond market.

Finance India – Quarterly Journal of Finance of Indian Institute of Finance published since 1987 is ranked 4th best  amongst 21,000+ Journals- (http://www.financeindia.org/20180613-SJIF%20Impact%20Fact...)Indexed in SJIF Journals Rank by Scientific Journal Impact Factor (SJIF) with a high SJIF Impact Factor Value for 2019 as 7.262 (http://www.financeindia.org/20180618-SJIF%20Impact%20Fact...). Finance India is ranked at par with top international journals. Finance India, SCOPUS Indexed & UGC approved Journal.  It is a Two Tier Triple Blind Peer Review Journal of more than 400 pages. Its has an exalted Editorial Board (http://financeindia.org/editorialnew.htm) of over 100 Experts from all over World including 6 Nobel Laureates headed by Prof. Dr. JD Agarwal (http://iif.edu/director/biosketch.htm), an eminent economist. It is indexed and abstracted by more than 35 agencies and over 100 Universities worldwide.

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