Stock Exchange in Bangladesh

Haradhan Kumar Mohajan. et, al ,Int. J. Eco. Res., 2012, v3i3, 126 - 143

ISSN: 2229-6158

EMERGING EQUITY MARKET AND ECONOMIC DEVELOPMENT: BANGLADESH PERSPECTIVE

Haradhan Kumar Mohajan Premier University, Chittagong, Bangladesh. E-mail: haradhan_km@yahoo.com Rajib Datta Department of Finance, Faculty of Business Studies, Premier University, Chittagong, Bangladesh. E-mail: supta_part@yahoo.com Arjun Kumar Das Assistant Professor, Faculty of Business Studies, Premier University, Chittagong, Bangladesh. E-mail: arjun_puc@yahoo.com Abstract Bangladesh capital market is one of the smallest market in Asia but the third largest in the South Asian region. A stock market or equity market is a public entity for the trading of company stock and derivatives at an agreed price. These are securities listed on a stock exchange as well as those only traded privately. Economic development is a term that generally refers to the sustained, concerted effort of policymakers and community to promote the standard of living and economic health in a specific region. Such effort can involve multiple areas including development of human capital, critical infrastructure, regional competitiveness, environment sustainability, social inclusion, health, safety, literacy and other plans. Economic development differs from economic growth and economic development is policy involvement activities with aims of economic and social well-being of people. Economic growth is a phenomenon of market productivity and rise in gross domestic product. In this paper an attempt has been taken to analyze the capital market in some details. Keywords: Equity market, economic development, Security Exchange Commission, Chittagong Stock Exchange, and Dhaka Stock Exchange.

INTRODUCTION In this paper we have discussed that the development of stock market must contributes to economic growth both directly and indirectly. Hence stock market plays an important role in the economy of a country. Following the direct...