PUBLIC PERCEPTION ON EXISTING PROVISIONS OF CONCERNED AUTHORITIES OF NEPAL STOCK MARKET

Abstract

Research on Public Perception on Existing Provisions of Concerned Authorities of Nepal Stock Market has the specific objective to identify and assess the public perception on existing provisions of concerned authorities of Nepal Stock Market and suggestions for the concerned authorities. The exploratory sequential mixed research design has been the base for the research. Researcher used focus group discussion and survey for the primary and annual reports for the secondary data collection. The researcher collected respondents' views using the dichotomous and rank scale in the survey through the samples drawn using stratified random sampling for the primary data collection. The triangulation of qualitative and quantitative analyses conducted separately concluded the results. The qualitative analysis used respondents' idea, and experience collection and generalization whereas, quantitative analysis used statistical approach. 

               The survey found more than 40 percent investors invest without analyzing the market and stock price determinants. The focus group discussion had similar conclusion on the issue. The survey found 44 percent respondents liked the existing laws and policies related to the stock investment in Nepal which got acceptance from the focus group discussion accordingly. The survey found 58 percent respondents like the existing roles of regulatory and controlling bodies; NEPSE and SEBON. The survey and focus group discussion concluded that the organization listed in NEPSE are to manage interaction program with stakeholders and adapt sound accounting and auditing standard for investors' interest protection. The companies are to be able to catch market sentiments timely despite quantitative factors and organize the interaction program about the stock investment program with potential shareholders at their reach regularly. Research concluded that the regulatory bodies are to develop reward punishment, instruct listed companies for disclosing their information timely, and prompt rule to the broker. Government has to establish investors' protection fund for the investment empowerment, and prompt supervision mechanism to regulate the investment. Few respondents suggested for the incorporation of another secondary market and extension of timing of security trading with one day policy for the future development of competitiveness in the secondary stock market of Nepal.