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.

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