SURVEY QUESTIONNAIRE

(Regarding the capital market obstacles and under-development of it in Bangladesh)

The purpose of this study is to obtain idea regarding the major obstacles of the capital market
of Bangladesh and find out causes of under-development of it. All the information given by
you will be kept undisclosed. The researcher(s) will use your valuable responses only for the
academic purposes. Your pleasant support through answering of survey questions obviously
would make the researcher(s) very glad and grateful to you.

Part 1: General information about yourself

Name:
Occupation:
Address: (a) Mobile.

(b) Email..

In what manner you are related to the stock i. Investor- general or institutional
market of Bangladesh? (put a tick mark) ii. Employee in brokerage house/related
institution
iii. Analyzer
iv. Others
Your current investment amount(if you are i. less than 5 lac
an investor) ii. above 5 lac but less than 15 lac
iii. above 15 lac

Part 2: The main body of the questionnaire

Evaluate the following questions by marking in the box of corresponding column

according to the scale given:

5-Strongly agree; 4- Agree; 3-Undecided; 2- Disagree; 1- Strongly disagree;

A. Basic question about capital market and investors

Aspects of Evaluation 5 4 3 2 1
1. The capital market of Bangladesh is an efficient market
2. Current capital market structure is not so modern
3. Presently-too much money chasing too few stocks
4. At present the capital market of Bangladesh has no liquidity crisis
5. Capital market of Bangladesh has shortage of good listed
companies
6. Herd behavior of investors i.e. investors buy/sell seeing other
investors-is a common problem of our stock market
7. Capital market of Bangladesh is a manipulated market
8. Most investors of our stock market invest based on fundamental
information of companies i.e. EPS, NAV, dividend pay-out ratio
etc.
9. Most investors have proper training and education about stock
market
10. Most investors of the stock market of Bangladesh invest for short-
term
11. Most investors seek dividend gain rather than the capital gain
from their investment

B. Capital market operation and control

Aspects of Evaluation 5 4 3 2 1
1. The capital market of Bangladesh is independently operated; there
is no influence on it.
2. Members of the board of directors of DSE and CSE take all the
decisions that dont maximize their own interest /or that are
helpful for the market only
3. Political parties have no unnecessary control on stock market
4. Ruling government has no unnecessary control on stock market
5. Bangladesh Securities Exchange Commission(BSEC),
Bangladesh Bank and other controlling authorities are capable
enough to control the stock market
6. After the 2nd big crash in 2010 the monitoring and controlling of
BSEC, Bangladesh Bank and other controlling authorities are
satisfactory
7. Demutualization can help to enhance the effectiveness of the
operation of capital market of Bangladesh
8. DSE and CSE use very modern technology in their market
operation
9. BSEC, Bangladesh Bank, and other concern authority also use
sophisticated equipment and technology in monitoring and
controlling the stock market

C. Miscellaneous

Aspects of Evaluation 5 4 3 2 1
1. The most basic reason behind the two major collapses of the stock
market in 1996 and 2010 is excessive political influence
2. Asymmetry of information i.e. all parties dont get the same
information at same time is a big problem
3. Bangladesh Bank and BSEC sometimes relax their standards in
favor of some limited number of investors
4. Banks invest in share market depriving the real sectors of
economy
5. Big players dont try to influence the stock market of Bangladesh
illegally
 6. BSECs policy and regulations favor the syndicates
7. DSE and CSE are undervalued since 2010 market crash
8. The concerned authorities themselves are mainly responsible for
the two major collapses of the stock market in 1996 and 2010

D. Required actions related

Aspects of Evaluation 5 4 3 2 1
1. Banks should come back to the stock market and invest up to their
full limit
2. Presently much more foreign investment should try to bring in our
market
3. A strong money market is essential for a well-functioning capital
market
4. A strong separate bond market is essential for a well-functioning
capital market
5. Immediate establishment of a Derivatives market in Bangladesh
is essential for reducing volatility of stock market
6. Currently Bangladesh has the capability to introduce a derivative
market
7. Current tax benefits for the general investors are satisfactory
8. Government can compel renowned multinational companies to
come in the market
9. After the 2nd major crash in 2010, the steps taken by BSEC,
Bangladesh Bank, Government, and all other authorities are
satisfactory
10. Stock market must keep free from political influence

In the following, you can add some valuable points/problems/steps/suggestions etc. which
have been overlooked in this questionnaire. You can also use a separate page, if necessary.

Date:.. Signature of Respondent

Thank You