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New Thinking on Corporate Bond Market in India

Author

Listed:
  • Banerji, Sanjay
  • Gangopadhyay, Krishna
  • Patnaik, Ila

    (National Institute of Public Finance and Policy)

  • Shah, Ajay

    (National Institute of Public Finance and Policy)

Abstract

What are major factors behind underdevelopment of corporate bond market in India? One of the major bottlenecks to the development of this market lies in relatively larger costs of financing which dissuade the firms to raise finance from this avenue. Policies that ensure better production of information and increased volume of transactions will lessen both liquidity and transparency problems and ensure efficient market making. [Working Paper 6/2012-DEA ]. URL:[http://finmin.nic.in/WorkingPaper/CorpBond_Market_India.pdf].
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Banerji, Sanjay & Gangopadhyay, Krishna & Patnaik, Ila & Shah, Ajay, 2012. "New Thinking on Corporate Bond Market in India," Working Papers 12/106, National Institute of Public Finance and Policy.
    • Handle: RePEc:npf:wpaper:12/106
    Note: Working Paper 106, 2012
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    References listed on IDEAS

    as
    1. Innes, Robert D., 1990. "Limited liability and incentive contracting with ex-ante action choices," Journal of Economic Theory, Elsevier, vol. 52(1), pages 45-67, October.
    2. Basu, Kaushik, 1986. "The market for land : An analysis of interim transactions," Journal of Development Economics, Elsevier, vol. 20(1), pages 163-177.
    3. Jean Tirole, 2006. "The Theory of Corporate Finance," Post-Print hal-00173191, HAL.
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    Cited by:

    1. Ms. Prachi Mishra & Mr. Peter J Montiel & Rajeswari Sengupta, 2016. "Monetary Transmission in Developing Countries: Evidence from India," IMF Working Papers 2016/167, International Monetary Fund.
    2. Anand, Vaibhav & Sengupta, Rajeswari, 2014. "Corporate Debt Market in India: Lessons from the South African Experience," MPRA Paper 57465, University Library of Munich, Germany.
    3. Pradeepta Sethi, 2018. "Paradox of external finance in the Indian manufacturing sector," Journal of Financial Economic Policy, Emerald Group Publishing Limited, vol. 10(1), pages 95-111, April.

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