BBSE Research Projects (2014)
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Effects of government expenditure on economic growth in Kenya - (1990 - 2012)
(Strathmore University, 2014)Given the recent fiscal scenario of the Kenyan government, an explanation of this required studying the impact of government expenditure on economic growth. The specific objectives of the study were to: investigate the ... -
Financial development and economic growth in Kenya 1990 to 2010
(Strathmore University, 2014)This study is intended to investigate the link between financial development and economic growth with special emphasis on the banking sector and the stock market in Kenya. The nature of the relationship was determined ... -
Evolving roles of SACCOs - the case of 14-seat transport SACCOs in Kenya
(Strathmore University, 2014-03)Paratransit is a mode of transport that operates parallel to an organized, usually large-scale government or government subsidized transport system. Paratransit is the main public transport in Kenya and it is estimated ... -
Applying the black litterman model to the NSE
(Strathmore University, 2015)This study applies the Black-Litterman model to portfolio allocation on the Nairobi Securities Exchange and questions its economic importance. It begins by explaining how the model works the proceeds to implement it. This ... -
Examining the potency of foreign currency as an asset class - evidence from Kenya
(Strathmore University, 2014)In this study I allocate currency assets namely, the US dollar, the Great Britain Pound, the Japanese Yen and the Tanzanian shilling to a portfolio using mean variance optimization. Similarly, I analyze currency as an asset ... -
The relationship between risk disclosure, risk management and firm performance - case of the Nairobi Securities Exchange Companies
(Strathmore University, 2014-03-27)The subject of risk, risk disclosure and risk management has been getting more attention over the years. Due to globalization, firms are more prone to risks affecting business operations and decisions made by stakeholders. ... -
Quantifying premium risk faced by the Kenyan Insurance companies using the solvency 2 directive
(Strathmore University, 2014-03-19)Solvency 2 is an EU Directive that is concerned with the amount of capital that European Insurance Companies must have to reduce the risk of Insolvency. It applies to all European Union insurers and reinsurance companies ... -
Capital structure and stock returns - evidence from the Nairobi Securities Exchange
(Strathmore University, 2014-03-24)Capital structure and stock return are important aspects in financial management. This study examines how debt ratios move in relation with movement in stock prices for listed firms in Kenya. The Fama-Macbeth regression ... -
Origins, sector destinations and determinants of foreign direct investment in Kenya
(Strathmore University, 2014-04-04)This is a study on Kenya's foreign direct investment inflows' determinants, source countries and sector destinations. The motivation for researching these is the current low rate of foreign direct investment flows into ... -
The effect of inflation risk on the equity risk premium - evidence from Kenya
(Strathmore University, 2014-03-23)This research is an analysis of the relationship between inflation volatility and Equity Risk Premium (ERP) volatility in Kenya. The study uses the Generalized Autoregressive Conditional Heteroscedasticity-in-Mean (GARCH-M) ... -
The effect of money supply on stock market volatility in Kenya
(Strathmore University, 2014-03-14)This paper considers the effect of money supply on stock market volatility, using M2 as a measure of money supply since it is a measure of broad money in the economy. This relationship is important because the level of ... -
Assessing the pricing of currency risk in the Kenyan stock market
(Strathmore University, 2014-03-23)The Arbitrage Pricing Theory of Ross ( 1976) provides the theoretical framework for the three factor unconditional asset pricing model used in this study. Using the Generalized Method of Moments procedure the traditional ... -
The role of development financial institutions (DFIs) in the development of the manufacturing sector - a case of industrial and commercial development corporation (ICDC) in Kenya
(Strathmore University, 2014-03)The manufacturing sector has been argued to be the engine of growth for most countries, both developing and developed countries. This study seeks to identify the role of DFIs in the development of the manufacturing sector. ... -
The status of private equity in Kenya - a comparative study with South Africa
(Strathmore University, 2014-03-21)This paper gives an insight into the Kenyan Private Equity Industry compared to that of South Africa as well as the underlying reasons for the stark differences. It also highlights challenges that the industries, including ... -
Foreign direct investment and the performance of manufacturing sector in Kenya
(Strathmore University, 2014-03)The purpose of this study is to examine the (Aitken, B and Harrison, A, 1999)relationship between foreign direct investment (FDI) and the performance of manufacturing sector in Kenya. In the methodology, annual data of ... -
Examining capital market intergration in Kenya and Uganda
(Strathmore University, 2014-03)This study examines the degree of stock market integration between Kenya and Uganda using daily closing equity prices from 14th July, 2009 to 28th March, 2013. Johansen cointegration approach is employed to capture the ... -
Effects of demographic changes on equity returns - the Kenyan contex
(Strathmore University, 2014-03-23)Modigliani's Life Cycle Hypothesis (LCH) predicts that demographic variables should play a significant role in affecting asset prices through consumption patterns. Understanding this relationship is particularly important ... -
The relationship between macroeconomic variables and firm performance in the Nairobi Securities Exchange
(Strathmore University, 2014-03)Perspectives on Energy Security Increased exposure of national economies to global markets has at the level of corporate stakeholders meant increased attention to exchange rates, interest rates, inflation rates and relative ... -
An evaluation of the preparedness of banks in Kenya for Basel III implementation
(Strathmore University, 2014-03-27)This qualitative study sought to establish the preparedness of banks to implement Basel III standards; the latest instalment of the Basel accords. A study of literature determined that implementation of Basel IL the ... -
Credit scoring for group lending - an analysis of the Kenyan Microfinance Institutions
(Strathmore University, 2014-03-31)Microfinance Institutions play a major role in expanding the reach of microcredit programs in the Kenyan economy through providing group lending. This initiative has been hampered by lack of a risk-based pricing and ...
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