Volume: 12 Issue: 1
Year: 2024, Page: 129-139,
Received: April 30, 2024 Accepted: June 1, 2024 Published: June 5, 2024
This study explores various dimensions of the Indian capital market, encompassing the Indian corporate bond market. It’s crucial to understand the determinants of corporate bond yield. Objective of the study is to examine the factors influencing corporate bond yield in the Indian bond market. The study adopted a time series analysis using a regression model. The yield curve's slope shows a negative correlation. Changes in the Treasury bill rate, the Index of Industrial Production, and currency rates influence positively to the corporate bond yield. The study did not find any relation with the changes in bank rates, industrial production growth, inflation, Nifty returns. The study adds significant understanding of the complicated relationships influencing corporate bond yield dynamics and has consequences for investors and financial experts.
Keywords: Bond Returns; Bond Yield; Credit Spread; Equity Returns; Indian Corporate Bond Market.
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NADAF A A, SHIVAPPA. EMPIRICAL STUDY ON THE DETERMINANTS OF INDIAN CORPORATE BOND RETURNS. IEMSJMR.2024;12(1):129-139