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Pricing of Risk in the Indian Corporate Bond Market: Some Evidence

Author

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  • Shailaja Gajjala

    (Department of Business Management, Osmania University, Hyderabad 500007, Andhra Pradesh, India)

Abstract

Government bond issues have traditionally dominated primary and secondary Indian debt markets. Corporate bonds account for less than a fifth of outstanding issues. This study is a pioneering effort to identify the determinants of risk premium in the Indian corporate bond market between 1998 and 2002. Results of Ordinary Least Square (OLS) multiple regression indicate that the factors influencing risk premium differed for institutional and non-institutional trades. The reasons for this are discussed.

Suggested Citation

  • Shailaja Gajjala, 2006. "Pricing of Risk in the Indian Corporate Bond Market: Some Evidence," Asian Academy of Management Journal of Accounting and Finance (AAMJAF), Penerbit Universiti Sains Malaysia, vol. 2(2), pages 95-104.
    • Handle: RePEc:usm:journl:aamjaf00202_95-104
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    File URL: http://web.usm.my/journal/aamjaf/vol2-2/2-2-6.pdf
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    Cited by:

    1. Verner, Robert & Tkáč, Michal, 2023. "On the predictability of bonds," Finance Research Letters, Elsevier, vol. 57(C).
    2. Angeloantonio Russo & Massimo Mariani & Alessandra Caragnano, 2021. "Exploring the determinants of green bond issuance: Going beyond the long‐lasting debate on performance consequences," Business Strategy and the Environment, Wiley Blackwell, vol. 30(1), pages 38-59, January.

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