ABSTRACT
This introduction presents an overview of the key concepts discussed in the subsequent chapters of this book. The book examines the privatization process of industries, its implications for capital markets, the role of the regulatory authorities and the changing dimension of the government policies. It shows that the structure of financial markets and evaluates the role of financial institutions. The chapter deals with the corporate securities markets, barriers in their development processes and an assessment of market participants. It examines the securities pricing mechanism with reference to the macroeconomic, microeconomic and non-economic variables. The chapter presents an empirical analysis of risk-return relationship of an emerging market like Bangladesh by using Capital Asset Pricing Model. It explores Japanese corporate finance, capital market structure and their development. The chapter identifies the actual deterrents attributable to the underdeveloped condition of the capital markets of Bangladesh and to see whether any relevance can be drawn from the experience of Japanese capital market development processes.
