Status of Primary Market Response in Nepal

Gurung, Jas Bahadur

doi:10.3126/jnbs.v10i1.19133

Cited by 4 publications

(6 citation statements)

References 3 publications

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“…Ordinary shares, especially through rights offerings, are more active in the primary market compared to alternative mechanisms like preference shares, debentures, mutual funds, and citizen unit schemes. Ordinary shares dominate initial public offerings, often experiencing high oversubscription (Gurung, 2017).…”

Section: Primary Market Dynamics In Nepalmentioning

confidence: 99%

Comparative Study of Macroeconomic Variables and Corporate Bond Issuance Behavior: A Case of Nepal and Bangladesh

Joshi,

Thapa

2024

AJBM

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The primary objective of this study is to investigate how various macroeconomic variables—such as the size of the economy, size of the bank, size of corporate debt, openness of the economy, and exchange rate variability—affect the issuance behavior of corporate debt in Nepal and Bangladesh. Using secondary data collected from the World Bank and respective countries' official websites spanning 27 years from 1993 to 2019, the research employs an analytical and descriptive research design. Statistical tests, including correlation, regression analysis, and t-tests, were conducted using STATA, SPSS, and Excel. The findings reveal a strong correlation between the size of corporate debt and corporate debt issuance behavior in both Nepal and Bangladesh. T-tests indicate significant differences in the openness of the economy, size of the bank, and issuance behavior of corporate debt between the two countries. Hypothesis testing underscores a significant relationship between the size of corporate debt and the issuance behavior of corporate debt in both Nepal and Bangladesh. This research contributes valuable insights for policymakers, financial analysts, and businesses seeking to navigate the complexities of corporate bond markets in these regions. Keywords: Corporate bond, Issuance behavior, Comparative study, Financial markets, Economic size, Openness of economy, Exchange rate variability.

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Section: Primary Market Dynamics In Nepalmentioning

confidence: 99%

Comparative Study of Macroeconomic Variables and Corporate Bond Issuance Behavior: A Case of Nepal and Bangladesh

Joshi,

Thapa

2024

AJBM

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“…In Nepal, common stocks represent the most popular form of investment due to the limited options available to investors. However, the primary market remains unsystematic and vulnerable, with investors predominantly favoring sectors such as banking and finance (Kadariya, 2012, Gurung, 2017Karki, 2017Karki, , 2018. These studies shed light on key determinants of stock pricing and Nepalese investors' behavior, revealing a reliance on heuristic decision-making, herding behavior, and overconfidence.…”

Section: Marketabilitymentioning

confidence: 99%

“…The balance of safety, liquidity, and capital appreciation further influences investor behavior (Srinivas & Rao, 2017). Historically, the Nepalese IPO market has seen high investor enthusiasm due to limited investment opportunities and the prospect of high initial returns (Gurung, 2017). The efficient functioning of the primary market is not only advantageous for investors but also echoes in the broader economy (Sapian et al, 2013).…”

Section: Introductionmentioning

confidence: 99%

Cross-influence of Risk, Return, and Governance on Decision-Making in Hydropower Investments

Karki

2024

Econ J Dev Issues

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The sustainable growth of an economy pivots on a robust financial system, particularly in the context of capital availability. This study analyzes the behavior of investors towards initial public offerings (IPOs), focusing on the hydropower development sector in Nepal. The research explores the multifaceted relationship between factors such as risk, return, and governance on investor behavior, considering elements like Idiosyncratic risk (IR), timing of issue (TIPO), Bandwagon effect (BE), expected return (ER), sectoral performance (SP), corporate governance (CG), pre-issue financial health (PFH), and marketability (MKT). Additionally, sociodemographic variables and their connection to investor behavior are examined. Employing a descriptive research design, the study involves a sample size of 392 individuals, selected through a convenient sampling method. The study's main finding documented that idiosyncratic risks, expected returns, and corporate governance stand out as crucial factors influencing investment decisions (P < 0.05). Notably, the regression analysis indicated the absence of a significant impact from market risks (P > 0.05), including the bandwagon effect and IPO timing, on investor behavior towards hydropower IPOs. This finding suggests that Nepalese investors prioritize returns and organizational governance over market risks, despite having significant concerns regarding idiosyncratic risk. The analysis also reveals significant associations between investor behavior and sociodemographic variables like age, education, occupation, and primary investment objectives (P < 0.05). This study offers valuable insights and implications for investors seeking to align investments with their goals. Hydropower developers should prioritize investor protection and transparency, while regulators must enhance disclosures, shareholder accountability, and project oversight.

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“…Even though there is a wealth of literature on child abuse and neglect, these problems continue to be given little attention by policymakers in Nepal. Cultural differences in the definitions of suitable childcare or child-rearing techniques and what constitutes child abuse are the root cause of this issue (Baker & Hinton, 2001;Gurung, 2001;Larmar et al, 2017;Morrow et al, 2023).…”

Section: Orchid Academia Sirahamentioning

confidence: 99%

Rights and Safeguarding of Children: A Qualitative Investigation in Arghakhanchi

Acharya

2023

Orchid Acad. Siraha

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In Nepal, there are many intricate issues surrounding child abuse and neglect, especially in rural areas. The objective of this research is to give a thorough knowledge of these problems that goes beyond simple information. The study uses a qualitative methodology and was carried out in Arghakhanchi. It involved two focus group discussions (FGDs) and five one-on-one interviews. The study, which takes a rights-based methodology, identifies inadequacies in child protection and takes into account the intersectionality of gender and poverty in rural Nepal. Qualitative information was analyzed by making themes, sub-themes, and categories. The study looks into a number of pieces of information that affect children's rights, including cultural norms, socioeconomic situations, and the efficiency of safety. The content that has been identified is financial resources, social values and beliefs, family dynamics, and service structures. It is found that dysfunctional homes, early pregnancy, school dropouts, exploitation, homelessness, child labor, and physical and emotional abuse are the hindrances to child rights. The findings placed a strong emphasis on community-based insight that can play a major role in defending children's rights. The ramifications go beyond guiding policy and community-based initiatives, with the goal of enhancing the general welfare of children in comparable rural environments in Nepal.

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Status of Primary Market Response in Nepal

Abstract: ABSTRACT

Cited by 4 publications

References 3 publications

Comparative Study of Macroeconomic Variables and Corporate Bond Issuance Behavior: A Case of Nepal and Bangladesh

Comparative Study of Macroeconomic Variables and Corporate Bond Issuance Behavior: A Case of Nepal and Bangladesh

Cross-influence of Risk, Return, and Governance on Decision-Making in Hydropower Investments

Rights and Safeguarding of Children: A Qualitative Investigation in Arghakhanchi

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