The Effectiveness of profit warnings in predicting decline in share prices in theNSE: an event study approach.

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dc.contributor.authorWainaina, Martin Ngunu
dc.date.accessioned2017-09-01T06:33:56Z
dc.date.available2017-09-01T06:33:56Z
dc.date.issued2017
dc.descriptionA Research project submitted in partial fulfillment of the requirements for the degree of Bachelor of Business Science in Actuarial Science at Strathmore Universityen_US
dc.description.abstractProfit warnings are issued by companies to inform shareholders that the current year’s profit will be significantly lower than the profit of the previous year or the anticipated profit for the current year (Jensen, 2005). The aim of this paper is to determine whether investors can rely on profit warnings as lead indicators of falling share prices. An event study is carried out to determine when the decline of share prices occurs with reference to issuance of profit warnings. A hypothesis test is then carried out to determine if the decline prior to the issuance of a profit warning is of material significance. The data used is of Kenya’s NSE, between the years 2002 and 2016.en_US
dc.identifier.urihttp://hdl.handle.net/11071/5357
dc.language.isoenen_US
dc.publisherStrathmore Universityen_US
dc.subjectNairobi Securities Exchangeen_US
dc.subjectProfit warningen_US
dc.subjectShare pricesen_US
dc.subjectEvent Studyen_US
dc.titleThe Effectiveness of profit warnings in predicting decline in share prices in theNSE: an event study approach.en_US
dc.typeProjecten_US
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