Determinants of stock price - a case study on the Nairobi Stock Exchange

Abstract

Various studies have been conducted to identify variables that influence share price movements such as that done by Karanathassis and Philapaas (1988) which indicated that the share price in Greece was affected by dividends, retained earnings and company size.Another similar research that was conducted recently in Bangladesh stock market revealed that share price and net asset value (Uddin, 2009). Other empirical investigation have been increasing over the years especially in developed financial markets around the world. just recently, developing countries such as Nigeria whose stock markets yield attractive returns have captured the interest of researchers who want to determine the variables that have an impact on the market prices of the shares (Olowoniyi A.O, 2012)