商品詳細

Containing the analyses and interpretations of Bangladesh capital markets and those of Japan in terms of capital market theory, this book indicates a significant theoretical and policy interest. It has examined the Japanese corporate finance including changing structure of business groups, roles of the main bank system, corporate practices, relevant cultural and rational aspects as well as role of the government. The author has also explored Bangladesh market conditions including an empirical test of Capital Asset Pricing Model (CAPM) for that market. The implications of Japanese corporate practices for the developing countries are another aspect of this study based on thorough empirical and theoretical analysis of both Bangladesh and Japanese markets. Although conventional text book models may provide support for the meaningful explanations of market-orientated Western markets, these appear to be inadequate for describing the Japanese markets. Japanese experience as an Asian country and late comer in the field of industrialization, in spite of the difference in some economic and non-economic terms, is likely to be more instructive for Bangladesh in many respects than those of any Western nation. To the extent the arguments are convincing, the results of the study are expected to indicate the need for different emphasis on the development approach of the present day developing countries like Bangladesh.