This study mainly aimed at examining the determinants of capital structure in Nepalese trading and manufacturing firms. The study has covered eleven major on-financial enterprises of trading and manufacturing firm’s specific variables. Firm’s size, growth opportunity, asset tangibility, profitability, firm’s age, liquidity and interest coverage ratio have selected as variables to examine their effect on corporate capital structure. The study used both descriptive and causal comparative research design to examine the determinants of capital structure. Data required for undertaking the study were collected from secondary sources. For each enterprise, financial data for 10 fiscal years covering the period of F/Y 2005/2006 to F/Y 2015/2016.The study concluded that asset tangibility, profitability, liquidity and interest coverage ratio are the major determinants of corporate capital structure in Nepalese trading and manufacturing firms.
The purpose of this paper is to examine the random walk hypothesis (RWH) by testing the weak-form efficiency in the Nepalese capital market. Descriptive, correlation and causal comparative research design has been used for analyzing the variables and different phenomenon. This research has been prepared only with the help of secondary data. Closing price of company has been collected and analyzed for the period 2015/16-2019/20. Thus researcher tried to analyze the market efficiency with the help of five years data (daily closing price).There are altogether around 233 companies listed in NEPSE. So to make this research feasible and simple researcher has selected only 10 companies from the NEPSE by using purposive sampling technique. In course of selecting company researcher has tried to incorporate only financial sectors as commercial banks, finance companies, insurance, and microfinance companies but development bank has not been taken as sample due to same nature of commercial bank. Researcher examined the weak form efficiency of the Nepal stock exchange (NEPSE) using auto correlation test (parametric test) and run test (non-parametric test) for the period of 2015/16-2019/20. Mainly this research work tested the efficient market hypothesis of Nepalese stock market with the help of daily closing price of 10 Sample Company of different sectors. The market is inefficient in the weak form implies that the NEPSE does not follow a random walk. This means that the NEPSE provides an opportunity for out- performance by skillful managers and investment specialists. Auto correlation exists in price of stock evident that there is high level of dependency of price of stock with the previous ones. It will be easy for speculator and trader to exploit the market and gain handsome profit from the market. All investor are not assumed to be rational in inefficient market, most of the people say investor are investing on the basis of market rumor. Market may be inefficient due the asymmetric of information and insider trading.
This study aims to analyze determinants of stock price of Nepalese commercial banks. The study is conducted by using quantitative method followed by descriptive research to make brief and accurate study on selected variables and pooled cross-sectional data that are collected from NEPSE listed banks at one point in time. The data are collected covering the period from the F/Y 2011/12 to 2020/21. Ten commercial banks are selected as representative of target population of 26 commercial banks. The research variables are book value per share, PE ratio, firm size, dividend payment, return on equity and market price per share. Under the statistical analysis, descriptive statistics, correlation and multiple regression analysis are conducted. Descriptive statistics shows the book value per share and firm size of Nepalese commercial banks have been found steadily growing whereas the profitability, dividend and stock performance in market are quite volatile. The P/E ratio is found to be nil in some of the year due to no earnings per share of particular bank. Share price of Nepalese commercial banks is positively correlated to BVPS, PE, ROE and DIV whereas negative relationship withfirm size (FS). Among the independent variables, all variable except firm size (FS) are statistically significant. Regression results reveals that BVPS, PE, ROE and DIV have positive and significant impact on MPS whereas firm size (FS) has significant and negative impact on MPS.
The main purpose of the study is to analyze the investors’ perception towards service quality of DEMAT account in Nepalese capital market. The study has used descriptive research design to measure the perception towards service quality. This study is based on primary data by administered questionnaire to the investors. Service quality and customer satisfaction are interrelated. Higher the service quality, higher will be the customer satisfaction. The research findings, shows that investor’s perception towards service quality of DEMAT account meet Nepalese investor’s expectations and they are satisfied with the different features of DEMAT. Further, this study also shows that the most important predictor of investor satisfaction in this study is assurance dimension.
The study aims at examining the views of capital structure in Nepalese non-financial
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