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Now showing items 21-30 of 47
Managerial entrenchment and firms financing choices: a study of non-financing firms listed on Kenya’s Nairobi Securities Exchange
(Strathmore University, 2013)
In this study, corporate governance is portrayed as spreading its tentacles wide into the
public sector via the institutional framework. Therefore it would be myopic to view
corporate governance within the confines of a ...
The Effectiveness of profit warnings in predicting decline in share prices in theNSE: an event study approach.
(Strathmore University, 2017)
Profit 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). ...
Return volatility and the pricing of equities at the Nairobi Securities Exchange
(Strathmore University, 2014-03-12)
Using the monthly return series between 1999 and 2013 I find evidence that volatility is priced on the Nairobi Securities Exchange. The GARCH-M model yields positive and significant ARCH and GARCH parameters and the shocks ...
Analysis of asymmetric and persistence in stock return volatility in the Nairobi Securities Exchange market phases
(Strathmore University, 2014)
Asymmetric and persistence in the volatility of stock returns are very fascinating features of the behaviour of securities market. The persistence in volatility has a major effect on the future volatility of the security ...
Market differential reaction to profit warning announcements and dividend decrease : an empirical analysis of the Nairobi Securities Exchange
(Strathmore University, 2014)
The main aim of the study was to investigate the market differential reaction to profit warning
announcements and dividend decreases by carrying out an empirical analysis of the Nairobi
Securities Exchange. To achieve ...
Corporate governance and dividend payout - analysis of firms listed at the Nairobi Securities Exchange
(Strathmore University, 2014-03)
The study aims to examine the effect of corporate governance on dividend payout of firms listed at the Nairobi Securities Exchange. Based on agency theory, the study considers the effect of two conflicting hypotheses, the ...
Stock market overreaction and the size effect - evidence from the Nairobi Securities Exchange
(Strathmore University, 2015-11)
Investors have traditionally been viewed as economically rational individuals who make decisions based on all available information. More recent studies propose that investors are irrational and systematically overreact ...
The Drivers of audit report lag by listed companies in Kenya
(Strathmore University, 2017)
Despite the time taken by external auditors to release the audit report (herein referred to as the auditor report lag, ARL) being regarded as a significant qualitative aspect of timely financial reporting, little known ...
Calendar anomalies - Evidence from the Nairobi Securities Exchange
(Strathmore University, 2014)
Calendar anomalies are a phenomenon that seem to suggest that financial securities such as stocks, bonds and even derivatives, experience patterns of returns that coincide with particular points in the week, month or year. ...
An evaluation of the relationship between oil price and the share prices of manufacturing companies listed in the Nairobi Securities Exchange
(Strathmore University, 2016-06)
This is a study of the relationship between Oil price and the Share price of manufacturing companies listed in the Nairobi Securities Exchange. The theoretical rationale is that Share price is the discounted sum of expected ...