Capital Market Development and Stock Price Behavior in Nepal
AbstractThis paper mainly focuses in tracing out the historical events contributing to the development process of capital market in Nepal. Implications of macro-economic fundamentals such as monetary policy, fiscal policy, major financial and economic incidents and/or announcements affecting the market prices of shares are examined in brief. The objective of the study is to find out the fair market prices of equities and test whether the present behaviour of equity prices will remain stable. Coefficients of correlation between the Earning per share and corresponding Market price on the one hand and Dividend per share and corresponding Market price on the other are also computed to know which one EPS or DPS has a higher degree of relationship with the market price. Further, in order to test the degree of explanatory power of the two in influencing the market price of share, Regression Equations of Market Price (Y) on EPS as well as on DPS are drawn. Regression results are statistically tested to derive the conclusion.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Nepal Rastra Bank, Research Department in its journal NRB Economic Review.
Volume (Year): 13 (2001)
Issue (Month): (April)
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dr. Bishnu Prasad Gautam).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.