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Viability of Equity Valuation Techniques with regard to Price Target Attainability for Nairobi Securities Exchange Companies
(Strathmore University, 2014)
The purpose of this research was to establish the popular techniques that used by different firms in the valuation of shares. In line with this, the study has also sought to establish the reason behind the popularity of ...
Underpricing of initial public offerings at the Nairobi Securities Exchange between 1994 and 2014
(Strathmore University, 2015-11)
Under pricing of initial Public Offerings is characterized by the closing price being higher than the offer price on the first day of trading. Research carried out in different financial markets has generated varied results ...
Dividend yield strategy in the Nairobi Securities Exchange
(Strathmore University, 2015-11)
This study aims to test the viability of dividend yield investing as an alternative investment strategy to exploit observed overreactions in the• market. The study adopts the Dogs of the Dow investment strategy that entails ...
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 ...
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 ...
Stock returns and trading volumes - the case of the Nairobi Securities Exchange
(Strathmore University, 2015-12)
This study examines the causal and contemporaneous relationship between stock returns and trading volumes at the Nairobi Securities Exchange. The study makes use of panel data from 44 NSE-listed stocks over the period ...