Show simple item record

dc.contributor.authorChege, Grace Mumbi
dc.date.accessioned2017-09-01T09:15:30Z
dc.date.available2017-09-01T09:15:30Z
dc.date.issued2017
dc.identifier.urihttp://hdl.handle.net/11071/5369
dc.descriptionA Research project Submitted in partial fulfillment of the requirements for the degree of Bachelor of Business Science in Finance at Strathmore Universityen_US
dc.description.abstractAfrican markets are riddled with occurrences that make it quite difficult to understand the investing environment, especially with the stock markets. Foreign and local investors hence demand greater compensation for unknown and uncertain risks. This research looks at one such major risk, exchange rate risk. The method used is one by Du & Hu (2014) that describes cross sectional returns of the Fama & French (1993) three factor model and adds one more factor of exchange rate sensitivity. The findings show a strong relationship between stock returns and exchange rate sensitivity. More precisely, we are able to determine given the constraints that the market compensates for currency risk for up to 20% of total returnsen_US
dc.language.isoenen_US
dc.publisherStrathmore Universityen_US
dc.subjectCurrencyen_US
dc.subjectStock returnsen_US
dc.subjectPremiumen_US
dc.subjectExchange rateen_US
dc.titleImpact of currency risk premium on stock returnsen_US
dc.typeProjecten_US


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record