• Login
    View Item 
    •   SU+ Home
    • Research and Publications
    • Strathmore Institute of Mathematical Sciences (SIMs)
    • SIMs Projects, Theses and Dissertations
    • BBSA Research Projects
    • BBSA Research Projects (2017)
    • View Item
    •   SU+ Home
    • Research and Publications
    • Strathmore Institute of Mathematical Sciences (SIMs)
    • SIMs Projects, Theses and Dissertations
    • BBSA Research Projects
    • BBSA Research Projects (2017)
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    The Effectiveness of profit warnings in predicting decline in share prices in theNSE: an event study approach.

    Thumbnail
    View/Open
    Full-text (1.160Mb)
    Date
    2017
    Author
    Wainaina, Martin Ngunu
    Metadata
    Show full item record
    Abstract
    Profit warnings are issued by companies to inform shareholders that the current year’s profit will be significantly lower than the profit of the previous year or the anticipated profit for the current year (Jensen, 2005). The aim of this paper is to determine whether investors can rely on profit warnings as lead indicators of falling share prices. An event study is carried out to determine when the decline of share prices occurs with reference to issuance of profit warnings. A hypothesis test is then carried out to determine if the decline prior to the issuance of a profit warning is of material significance. The data used is of Kenya’s NSE, between the years 2002 and 2016.
    URI
    http://hdl.handle.net/11071/5357
    Collections
    • BBSA Research Projects (2017) [39]

    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