Browsing BBSE Research projects (2016) by Title
Now showing items 1-20 of 53
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An analysis of liquidity in stock markets
(Strathmore University, 2016)The following is a study on liquidity of the va rious stocks listed on the NSE. It has defined liquidity as the ability to trade large quantities of a stock without moving the price. The study seeks to determine the most ... -
An analysis of the absorption capacity of Official Development Assistance in Kenya from 1981 - 2010 and its relationship with economic development
(Strathmore University, 2015-11)One of the key components of development funds for Kenya is Official Development Assistance (ODA). However, given ODA's general underwhelming nature and overall ineffectiveness in fostering economic development, it would ... -
Analysis of the macroeconomic determinants of a firm's capital structure
(Strathmore University, 2015-11)This study analyses the relationship between macroeconomic factors and the capital structure of 55 listed companies in Kenya. The questions answered are what is the effect of macroeconomic conditions on capital structure ... -
Analyzing the influence of twitter hashtags on the movement of the stock market
(Strathmore University, 2015-11)This paper evaluates the existence of a relationship between a well-known micro-blogging platform, Twitter and the financial market. We particularly consider in a period of six months the daily collection of trending twitter ... -
Assessing the impact of oil prices on exchange rate dynamics in the Kenyan economy
(Strathmore University, 2016)This paper aims to investigate the role of murban adnoc oil import prices in explaining the dynamics of exchange rates in the Kenyan economy. The study uses monthly data covering the period 2005 to 2014. The Johansen ... -
Assessing the optimal inflation rate for the Kenyan economy
(Strathmore University, 2)This study seeks to estimate the optimal level of inflation for the Kenyan economy that is favorable for its economic growth by using time-series dataset for the period 1981 to 2014. The study adopts a model proposed by ... -
A comparative study of the day of the week effect in the emerging and frontier markets in Africa
(Strathmore University, 2015-11)The study focuses on comparing the daily share prices of five major stock markets in Africa comprising of the emerging and frontier markets in Africa. The study uses daily share prices of stock market indices of Botswana, ... -
Corporate debt bias in NSE listed companies in Kenya - evaluation of an ACE reform on investmentments levels
(Strathmore University, 2015-11)This study looks at the corporate debt bias resulting from debt deductibility of interest. It aims at establishing whether an Allowance for Corporate Equity (ACE) tax reform within capital intensive firms listed on the NSE ... -
Determinants of Commercial Bank profitability in Kenya
(Strathmore University, 2015-07)The purpose of this research is to examine the relationship between bank specific (internal) and macro-economic (external) determinants of banks profitability. This is done by using data of all the banks in Kenya from the ... -
Determinants of Total Factor Productivity in Kenya
(Strathmore University, 2015-12-14)Neoclassical growth accounting literature has shown that total factor productivity has a positive relationship with output. Based on OLS estimation techniques on data for Kenya between the years 2002 and 2013, this study ... -
Determinants that influence financial performance of microfinance institutions in Kenya: case study of Nairobi County
(Strathmore University, 2015)According to (Lafourcade, Isern, Brown, & Mwangi, 2005), microfinance institutions in Sub-Saharan Africa include a broad range of diverse and geographically dispersed institutions offering financial services to low income ... -
The dynamic relationship between stock prices and exchange rates - A case of Kenya
(Strathmore University, 2015-11)This study investigates the price t1uctuations and volatility spillover effects as well as the relationship between the stock market and the currency market in Kenya. The study developed long run and short run models for ... -
An Econometric analysis of the relationship between oil price change and inflation dynamics in Kenya
(Strathmore University, 2016)The purpose of this study was to analyse the relat ionship between global oil price and inflation in Kenya. The specifi c objective of the study was to investigate the . impact of fluctuations of global oil price on Kenyan ... -
The effect of an IPO on the share performance of industry rivals - an event study analysis of the Nairobi Securities Exchange
(Strathmore University, 2015-11)The research project analyzes the impact an Initial Public Offering has on the share performance of industry rivals. Access to funds is one of the key processes of firms and an IPO is one of the channels that firms seeking ... -
The effect of inflation on stock returns and affirmation of the Fisherian hypotheses
(Strathmore University, 2015-12)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 ... -
The effect of interest rate changes on the stock market
(Strathmore University, 2016)The paper evaluates the existence and nature of the relationship between changes in interest rates and stock returns in Kenya with an aim to improve policy development and investment decision-making. This study uses the ... -
Effect of Working Capital Management on the profitability of Kenyan firms
(Strathmore University, 2015-11)This study seeks to provide empirical evidence about the impact of Working Capital Management (WCM) on the profitability of Kenyan listed firms. This is necessary since Working Capital Management affects both liquidity and ... -
Effectiveness of monetary policy on inflation targeting in Kenya
(Strathmore University, 2016)This study evaluates the feasibility of inflation targeting in Kenya by analyzing the effectiveness of monetary policy instruments in inflation targeting. The study uses a VAR analysis approach to assess the importance of ... -
The effects of interest rate spread on non-performing loans in commercial banks in Kenya.
(Strathmore University, 2015-11)The main goal of any banking institution is to maintain profitable from its operations to ensure its sustainability and continued growth. Banks generate their profits mainly from providing loan facilities to its customers ... -
An empirical analysis of the predictability of stock returns using the Price Earnings Ratio and the Price - to - book Ratio - a case study of the Nairobi Stock Exchannge
(Strathmore University, 2015-11)The purpose of this study is to establish whether the Return Performance of the Stocks listed on the Nairobi Stock Exchange is predictable using the Price Earnings Ratio and the Price-to-Book Ratio. The two multiples have ...
