• Login
    View Item 
    •   SU+ Home
    • Research and Publications
    • Strathmore Institute of Mathematical Sciences (SIMs)
    • SIMs Projects, Theses and Dissertations
    • BBSE Research Projects
    • BBSE Research projects (2016)
    • View Item
    •   SU+ Home
    • Research and Publications
    • Strathmore Institute of Mathematical Sciences (SIMs)
    • SIMs Projects, Theses and Dissertations
    • BBSE Research Projects
    • BBSE Research projects (2016)
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    The effect of inflation on stock returns and affirmation of the Fisherian hypotheses

    Thumbnail
    View/Open
    Full - text undergraduate research project (3.545Mb)
    Date
    2015-12
    Author
    Wachiuri, Wilson Wambugu
    Metadata
    Show full item record
    Abstract
    This study basically studies the long-run relationships as well as the dynamic interactions between inflation and stock returns in Kenya. Monthly data from the Nairobi Stock Exchange index and the Consumer Price Index is made use of while our sample period ranges from January 2005 to March 2014. The empirical technique of Autoregressive Distributed Lag (ARDL) bound test proposed by Perasan et al (200 1) was used. The results show that there exists a long-run relationship between stock returns and inflation. The short run dynamic model on the other hand exhibits a moderate speed of convergence to equilibrium implying that there exists •a short-run relationship between stock returns and inflation. This can perhaps be attributed to the instability of stocks evidenced over time.
    URI
    http://hdl.handle.net/11071/4390
    Collections
    • BBSE Research projects (2016) [53]

    DSpace software copyright © 2002-2016  DuraSpace
    Contact Us | Send Feedback
    Theme by 
    Atmire NV
     

     

    Browse

    All of SU+Communities & CollectionsBy Issue DateAuthorsTitlesSubjectsThis CollectionBy Issue DateAuthorsTitlesSubjects

    My Account

    Login

    DSpace software copyright © 2002-2016  DuraSpace
    Contact Us | Send Feedback
    Theme by 
    Atmire NV