H0 5 There is no significant relationship between firm s image and investment

H0 5 there is no significant relationship between

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H0 5 : There is no significant relationship between firm ’s image and investment decisions. H0 6 : There is no significant relationship between neutral information and investment decisions. 3.2. Study Area and Data For this study, explanatory research design is used to obtain information concerning the current status of the phenomena. This study based on both secondary as well as primary data collected from different sources. The secondary data includes time series data from 2005/06 to 2016/1 7. 10 years’ time series data from the year 2005/06-20016/17 have been collected from various reports and article published by Finance Ministry of Nepal and Nepal Rastra bank to analyze the growth of secondary capital market. Journal of Business and Social Sciences Research (JBSSR), Vol. 3, No. 1, 2018
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For primary data collection, purposive sampling under non-probability sampling method was used. The study area coverage of primary research is inside Kathmandu Valley. All the respondents for this study are the individual investors that hold at least one stock. Primary data are collected through the questionnaire distributed to selected investors from family, friends working in various sectors and investors in NEPSE. Total 200 responses were collected. Before actual survey, a pilot study of 50 respondents is conducted and Cronbach’s al pha test was conducted to check validity and reliability. For the data analysis, inferential analysis like Growth Analysis, Correlation, Regression and Dw autocorrelation test are done, to confirm that there is no correlation between error data generated by regression line, with the help of Ms Excel which capture secondary data analysis. The Durbin Watson test for autocorrelation test indicates that there is no autocorrelation. -relation: Number of traded and listed companies (Gurung, 2004) have been tested using Karl Pearson’s coefficient co -relation. Where, n = number of observation (year) X = independent variable (Listed Companies/Securities) Y = dependent variable (Traded Companies/Securities) Ratio Analysis: This approach has been tested on Market Size and Market Liquidity to analyze development of capital market. To measure market size, Market Capitalization Ratio (MCR) is used. Market size is positively correlated with the ability to mobilize capital and diversity to risk on an economy- wide basis (Mishra et.al, 2010) resulting to development of capital market. To measure market liquidity (ML) shares of traded in the stock market is divided by GDP. Liquid capital market allows companies on the one hand, to have a permanent access to capital through equity issues and on the other hand to allow investors to switch out of equity (Mishra et.al, 2010) and ensuring their integrity as capital market development (Grais & Vittas, 2005). Joshi : An Analysis of Security Market Growth and Individuals' Investment Decision
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Growth Analysis: General growth formula has been used extensively to analyze growth in different NEPSE index. Development is the core aspect that can be measured by the growth as a whole (Gurung, 2004).
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