CURRENT ISSUE


International Journal of Business and Economic Development
ISSN 2051-848X (Print) ISSN 2051-8498 (Online)
Volume 6 Number 2 July 2018
www.ijbed.org

Corporate bond market as a source of capital funds in emerging economies – the Indian experience


N. R. Bhusnurmath

Management Development Institute, Gurgaon, India.


Sunil Ashra

Management Development Institute, Gurgaon, India.



Keywords

Corporate Finance, Corporate bonds, Debt, Term Loans

Abstract

          Over the years it has become fashionable to argue that a vibrant bond market would be vastly superior to the present bank-led model of debt finance for industries and businesses in emerging economies. While it works well in most developed economies, in countries like India, despite all efforts of the central bank and the financial markets regulators or regulatory authorities, business firms still depend largely on the banking system for their debt capital funds. This study is an attempt to enquire into whether it is the measurable parameters such as cost of funds or the buoyancy in the economy that affects the firms’ decisions or not. If not, it would follow that other qualitative or behavioral (or non-measurable) factors may be responsible for the lack of firms’ appetite for issuing bonds.

 

DOI: https://doi.org/10.24052/IJBED/V06NU02/ART-05



Full Text : PDF

This work is licensed under a Creative Commons Attribution 3.0 unported (CC BY 3.0)

   
Top
  • Follows us