| Author | Jayaratne, K. Nishanthi C. |
| Call Number | AIT RSPR no. SM-99-122 |
| Subject(s) | Bond market--Sri Lanka
|
| Note | A research study submitted in partial fulfillment of the requirements for the degree of Master of Business Administration, School of Management |
| Publisher | Asian Institute of Technology |
| Abstract | This research study is an attempt to find out the emerging bond market of Sri Lanka. The
bond market of Sri Lanka started in 1996 with Vanik Incorporation, a leading Investment
Bank of Sri Lanka issuing debentures to the public. Debentures, has become an important
vehicle to raise money for long term capital requirements due to the volatility of the stock
market and fluctuating interest rates. Also efficient financial market needs other saving and
investment modes other than bank and stock market. Thus, bond market plays an important
role in the financial market by raising funds for investments and thereby stabilizing the
financial system of Sri Lanka as it provides long term funds to businesses at less cost
compared to bank funds and equity. It also assures a fixed and steady return for the investors.
However bond market of Sri Lanka is still in a very primary stage when compared to other
financial markets in Asia such as Singapore, Hong Kong, Thailand, Indonesia. And all most
all institutions and personnel connected to this area are going through a learning process. The
rules & regulations, systems, procedures are all still being evaluated and implemented. Thus
weaknesses and shortcomings are many.
This research would cover the areas such as structure of bond market i.e. primary &
secondary bond market of Sri Lanka, recent bond issues, role of regulatory authorities, the
impact of financial policy on bond market etc. Further, this study would analyze the emerging
bond market of Sri Lanka with a help of a model developed by the researcher i.e. " Model for
an efficient bond market". Based on this model, impeding factors to the development of bond
market would be analyzed and discussed. Finally recommendations will be drawn in order to
improve the bond market of Sri Lanka and thereby to use the limited financial resources in the
most productive manner. |
| Year | 1999 |
| Type | Research Study Project Report (RSPR) |
| School | School of Management |
| Department | Other Field of Studies (No Department) |
| Academic Program/FoS | Master of Business Administration (MBA) (Publication code=SM) |
| Chairperson(s) | Gupta, Jyoti P.; |
| Examination Committee(s) | Swierzeck, Fredric William Truong Quang; |
| Scholarship Donor(s) | NORAD; |
| Degree | Research studies project report (M.B.A) - Asian Institute of Technology, 1999 |