BIBLOGRAPHY

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Baidhya, D & Parajuli, P.R. (2004). Public Offering of Securities. SEBON Journal, Vol.
I, Pp.88-92.

Bajracharya, B.C. (2005). Kathmandu: Business Statistics. M.K. Publishers and

Distributors.

Barbara.W. (2011).Makerere University Business School: Investor Awareness, Perceived

Risk Attitudes and Stock Market Investor Behavior: A Case of Uganda Securities
Exchange. Master’s Thesis Berenson.

Bhandari, D & Shrestha, M (2007). Asmita Publication. Kathmandu: Financial Markets

and Institution

Bodie, Z., Kane, A., & Marcus, A. J. (2005). New Delhi: Investments. Tata Mc Graw-
Hill.

Brealey, R.A., & Myers, S.C. (2003). New Delhi: Principle of Corporate Finance. Tata
Mc Graw Hill.

Dangol, P. (2004). Tribhuvan University: A Study on Investors Perception in Nepalese

Stock Market. Unpublished Master’s Thesis, Shanker Dev Campus,

Farzana, W., Rahman, M., & Mazumder, M.N. (2010). Behavioral Financing:
Demographic Factors and Services of Brokerage Houses in Bangladesh. World Journal of
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Joshi, P.R., Thagurathi, R.K., Poudel, D.R., Nepal, S.R., & Khadka, B.K. (2011).
Kathmandu:
 APPENDIX

SURVEY QUESTIONNAIRE
Dear Respondent, I am a student of BBS, Tribhuvan University. I am undergoing my
Research Project entitled “Investor Awareness in Nepalese Capital Market’’ and have chosen
you as a respondent. The knowledge and experience you have in this area is vital in providing
the necessary information to make this study a success. This study is carried out purely for
academic purpose and the information given will be treated confidentially.

PART A: DEMOGRAPHIC PROFILE

Please tick where appropriate

1. Gender

Male Female

2. Age

Below 20 20-29

30-39 40-49

50 & Above

3. Qualification

SLC Intermediate

Bachelor Master & Above

4. Marital Status

Married Unmarried

5. Occupation

Banking & Finance Private Business Others

Government Employee Student

6. Annual Level of Investment

Less than Rs 100,000 Rs 100,000 to Rs 500,000

Rs 500,001 to Rs 10,00,000 More than Rs 10,00,000

7. Monthly Income Level

Below Rs 10,000 Rs 10,000 to Rs 20,000

Rs 20,001 to Rs 30,000 Rs 30,001 to Rs 40,000

Above Rs 40,000

PART B: QUESTIONS TO MEASURE LEVEL OF INVESTOR AWARENESS

8. Please indicate the extent on a scale 1-5 to which you agree or disagree with the following
statements. Please tick or circle your answer as per your favorability/opinion.

1= Strongly Disagree, 2 = Disagree, 3 =Not Sure, 4 = Agree, 5 = Strongly Agree.

Investor Awareness Strongly Strongly

Disagree Agree
a) I am somewhat knowledgeable of stock market 1 2 3 4 5
activities in Nepal.
b) I usually follow the stock market through 1 2 3 4 5
financial news paper every week.
c) I usually follow the stock market through 1 2 3 4 5
financial news on TV at least twice a week.
d) My investment in stocks is largely based on 1 2 3 4 5
investment knowledge and experiences.
e) I always look at and analyze company news 1 2 3 4 5
prospects before making a decision to buy or sell.
f) I clearly understand the role of brokerage firms 1 2 3 4 5
in listing on the NEPSE.

Fundamental & Technical Analysis Strongly Strongly

Disagree Agree
Fundamental Analysis 1 2 3 4 5
a)I analyze debt/equity, price/earnings, assets and
liabilities, dividends, cash flow, sales, earnings
estimates, growth, etc.

Technical Analysis 1 2 3 4 5
b) I conduct trend analysis, momentum analysis,
chart analysis, moving average etc.
c) I conduct both fundamental and technical 1 2 3 4 5
analysis.
 Education & Training Programs Strongly Strongly
Disagre Agree
e
a) Basic investment courses should be introduced 1 2 3 4 5
from school level.
b) I usually attend seminars, conferences & 1 2 3 4 5
workshops hosted by the SEBON
c) Trainings & workshops conducted by SEBON 1 2 3 4 5
are effective in creating awareness among
investors.
d) Education & training programs have helped me 1 2 3 4 5
to be aware of my rights and obligations.
e) Trainings, workshops & seminars regarding 1 2 3 4 5
investments are not held in our city.

Social Learning & Motives Strongly Strongly

Disagre Agree
e
a) My peers influence my participation on the 1 2 3 4 5
stock market.
b) I often blindly imitate decisions of others when 1 2 3 4 5
making investment decisions.
c) Interaction with fellow investors has helped me 1 2 3 4 5
in learning more about capital market in Nepal.
d) I often consider the information that majority of 1 2 3 4 5
investors focus on as a basis of trading on the stock
market.
e) I consider my capital growth as strong motive 1 2 3 4 5
behind my investment.
f) I desire of safe future and keep investing on 1 2 3 4 5
shares and capital market.

Evaluation of Investment Alternatives Strongly Strongly

Disagre Agree
e
a) I evaluate investment alternatives in terms of 1 2 3 4 5
risk and return.
b) I usually prefer to invest my money on common 1 2 3 4 5
stock because it can be bought and sold quickly at
a fair price.
c) I always separate stocks while trading on the 1 2 3 4 5
stock market depending on their performance.
d) I use analytical skills for evaluation of risk and 1 2 3 4 5
return of investment alternatives before investing.
e) I not only see return but also consider other 1 2 3 4 5
factors such as risk, marketability and future
growth of their investment.
f) I analyze and revise my investment in different 1 2 3 4 5
 alternatives

Regulator’s Rules & Regulations Strongly Strongly

Disagree Agree
a) I go through prevailed acts and regulations 1 2 3 4 5
related to investment on securities before investing.
b) The rules & regulations of SEBON are 1 2 3 4 5
sufficient to protect investors’ investment.
c) The rules & regulations of SEBON are adequate 1 2 3 4 5
to promote investors’ investment.
d) I am aware of the laws governing investment in 1 2 3 4 5
Nepalese capital market.
e) SEBON is effectively regulating the capital 1 2 3 4 5
market in Nepal.
f) I analyze the government policies (tax rates, 1 2 3 4 5
margin lending, etc)

Information Dissemination Strongly Strongly

Disagre Agree
e
a) I can easily access the latest reports, prospectus 1 2 3 4 5
and financial statements of any company on
NEPSE.
b) Companies listed on NEPSE publish financial 1 2 3 4 5
statements more frequently (every 3 months).
c) NEPSE has been providing sufficient market 1 2 3 4 5
information.
d) Brokerage firms have been providing sufficient 1 2 3 4 5
trading information.
e) I have trouble paying attention to the 1 2 3 4 5
information on the stock market.
f) I attend trainings, seminars & workshops 1 2 3 4 5
organized by regulatory bodies to get precise
information and knowledge regarding investment.

9. In your view, what can be done to make the investors more aware about the Nepalese
capital market?

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Thank You for Your Valuable Time.