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Intertemporal equity asset pricing with stochastic volatility at the NSE and the JSE
(Strathmore University, 2016)
This paper explores the implementation of an intertemporal asset pricing model with stochastic volatility. This model is applied to equity asset pricing at the Nairobi Securities Exchange (NSE) and the Johannesburg Stock ...
Testing trade - off theory vs pecking order theory - evidence from Kenyan listed firms
(Strathmore University, 2015-12)
This study seeks to test both the pecking order theory and the trade-off theory theories using evidence from companies listed in the Nairobi securities exchange and examine which theory best explains capital structures of ...
Institutions and economic growth: Kenya, 1963 - 2014
(Strathmore University, 2016)
This paper examines the existence of a relationship between political institutions and economic growth in Kenya. Through empirical analysis, carried out for the period between 1963-2014, the study aims to use the findings ...
Analyzing the effectiveness of microfinance as a means of poverty alleviation in selected areas of Nairobi County; a case study of Kenya Women Micro-finance Bank
(Strathmore University, 2018)
Poverty is a major concern for most developing nations. Economic development and poverty reduction have been elusive throughout sub-Saharan Africa since independence (Younger, 2004), with Kenya being no exception. Moreover, ...
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 ...
Multi objective optimization of commercial bank's balance sheet in Kenya : goal programming approach
(Strathmore University, 2018)
This study applies goal programming approach to optimizing the balance sheet of three commercial banks representing the different tiers in Kenya; Barclays Bank of Kenya (Tier 1 ), Family Bank (Tier 2), Sidian Bank (Tier ...
The Impact of exchange rates and inflation rate on the marketed returns to suppliers in the Kenyan tea industry
(Strathmore University, 2016)
Tea production and processing is a focal sector in the Kenyan agricultural sector with its' being the largest foreign exchange earner in the sector and thus a key contributor to the country's GDP. The tea sector is also a ...
Prospect theory: evidence of over-reaction in investor decision making at the Nairobi stock exchange
(Strathmore University, 2018)
Overreaction is a common investor problem that heavily occurs due to irrationality on the part of the investor. According to Kahneman and Tversky, investors tend to be risk seeking in losses and risk averse in gains, a ...
The effect of environmental performance on stock returns: a study of South African stock markets
(Strathmore University, 2017)
Changes in climate change have brought about new strategies in investing. This is further reiterated with the creation of sustainability indices which are able to capture the performance of stocks with a strong sustainable ...
Sustainability of an electronic waste recycling plant in Kenya
(Strathmore University, 2017)
The rise of technological innovation has brought with it an increase of electronic waste which causes environmental and health problems. This paper highlights the informal electronic waste recycling practices mostly used ...