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Empirical corporate probability of defaults in Kenya: Merton and modified KMV framework
(Strathmore University, 2018)
A firm's capital structure gives it an endogenous cause to default. Be that as it may, prior to default there is no way to precisely single out the firms that will default from those that will not. At best, we can only ...
The Relationship between stock returns and the rate of inflation
(Strathmore University, 2018)
The purpose of the study is to investigate the relationship between stock returns and the rate of inflation in the Kenyan market using monthly time series data between January 20 I 0 and October 2017. The study uses the ...
An Analysis on the long term performance of Initial Public Offerings in the Nairobi Stock Exchange
(Strathmore University, 2018)
There have been a number of studies carried out that have tried to determine the long term performance of IPOs. The three key issues these studies try and dwell on is the long run under-performance, short term underpricing ...
Effect of exchange rate volatility on foreign direct investment in East Africa
(Strathmore University, 2018)
The aim of this study was to dete1mine the impact of exchange rate volatility on Foreign Direct Investment (FDI) inflows into the East African region. The countries studied include Kenya, Uganda, Tanzania and Rwanda. The ...
Empirical analysis of the value and growth investment styles in an African frontier market.
(Strathmore University, 2018)
The choice of a stock is a headache for all equity investors worldwide ranging from well
developed markets to developing markets. This study embarks on testing the Growth and
Value investment styles in an African frontier ...
Impact of ownership structure on dividend policy of listed banks in Kenya
(Strathmore University, 2018)
This study examines the effect of ownership structure of listed banks in Kenya on their dividend payout policy. The theoretical frmne7.uork of this study is based on dividend relevance theory dividend irrelevance theory ...