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dc.contributor.authorJepkoech, Kipkoskei Purity
dc.date.accessioned2016-04-14T09:56:36Z
dc.date.available2016-04-14T09:56:36Z
dc.date.issued2015-11
dc.identifier.urihttp://hdl.handle.net/11071/4434
dc.descriptionSubmitted in partial fulfillment of the requirements for the Degree of Bachelor of Business Science-Finance at Strathmore Universityen_US
dc.description.abstractThis research focuses on the impact of interim dividend announcement on the value of a firm. The purpose of this research is to empirically investigate whether the magnitude of stock market reactions to interim dividend is greater than final dividend announcements for companies listed under the Nairobi Securities Exchange 20-Share Index. Out of the 20 companies in the Index, 7 companies paid interim dividends under the period of study. The event study methodology was employed to analyze effects of both dividend announcements. The findings of this research show that the reaction by market participants to final dividend announcements in the Kenyan stock market is stronger than interim dividend announcements. This contradicts previous research that indicate interim dividend announcements lead to a stronger market reaction. The limitation of this study is small simple size due to the limited number of companies that pay interim dividends. The findings of this research will be useful to dividend policy makers of publicly traded companies that pay interim dividends and investors with vested interest in publicly traded companies for proper decision making. The study's originality stems from the fact that it focuses on the effects of Both interim and final dividend announcement on Kenyan stocks.en_US
dc.language.isoenen_US
dc.publisherStrathmore Universityen_US
dc.subjectInterim dividend announcementen_US
dc.subjectFirm valueen_US
dc.titleEffects of interim dividend announcement on the value of a firm - a case of the Nairobi Securities Exchangeen_US
dc.typeOtheren_US


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