Browsing BBSE Research projects (2017) by Title
Now showing items 13-30 of 30
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Healthcare expenditure and economic growth: The kenyan case (1970 - 2016).
(Strathmore University, 2017)Given that a large chunk of the National Budget is allocated to the health care sector (31.3 Billion of the 2016/7 National Budget) it is important to establish whether it is of any consequence to output. There exists a ... -
Hedging foreign exchange rate risk using currency futures: A case of Kenyan multinational firms
(Strathmore University, 2017)Currency futures contracts can be used in hedging exchange rate risk for firms. This study estimates the appropriate futures price that Kenyan multinational firms would have used during the year 2015 when the Kenya Shilling ... -
Impact of demographic changes on equity returns in Kenya
(Strathmore University, 2017)Unprecedented changes in demographic structure can have significant impact on real economic activity and more so the capital market. For example; the baby boom era in the U.S, after World War II, was accompanied by a general ... -
Impact of fiscal and monetary policy on stock market performance in Kenya
(Strathmore University, 2017)Given the important role of the stock market to an economy, this study aims to explore the impact of fiscal and monetary policy on the stock market in Kenya. The study uses Structural Vector Error Correction model (VECM) ... -
Impact of oil prices on the exchange rate in Kenya
(Strathmore University, 2017)The aim of this study is to estimate the impact of global oil prices on the exchange rate of Kenya for a monthly series from April 2000- April 2016. The modelling exercise follows 3 steps. In first step, the paper investigates ... -
The impact of on the capital structure of listed firms in Kenya
(Strathmore University, 2017)The Nairobi Securities Exchange is considered one of the most developed stock markets in Sub-Saharan Africa. This development is attributed to the significant reforms that were made between the years of 1990 and 1999. The ... -
Impact of single stock futures trading on stock market volatility
(Strathmore University, 2017)This paper analyses the impact of trading single stock futures on stock market volatility. Specifically, it investigates the effect of trading single stock futures on individual stock return volatility. In addition, it ... -
Industry portfolios, information diffusion and the predictability of stock returns in Kenya
(Strathmore University, 2017)This paper tests the hypothesis that stock return predictability exists in the Kenyan market. In particular, it investigates whether in the presence of gradual information diffusion, which is as a result of investors’ ... -
The influence of macroeconomic factors on the mortgage market in Kenya
(Strathmore University, 2017)The paper tries to study the relationship between the value of the mortgage market and key macroeconomic factors namely, Exchange rates, Inflation and GDP per capita. The real estate sector in the country is booming and ... -
Investigating the impact of complementary currencies on business growth in informal economies: Case of lindi-pesa in lindi, Kibera slum, Nairobi County
(Strathmore University, 2017)This study sought to investigate the role of complementary currencies in promoting business growth in an informal area, the case of Lindi-Pesa in Lindi Location, Kibera Slum, Nairobi County. The methodology that was ... -
On portfolio optimization: a case study based on the NSE
(Strathmore University, 2017)Diversification and active portfolio management have been suggested as means to enable investors obtain an optimal portfolio return with reduced risk exposure. Factor diversification has been proposed as a means to help ... -
On the profitability of technical trading rules based on artificial neural networks: evidence from the Kenyan stock market
(Strathmore University, 2017)The aim of this study is to investigate the profitability of technical trading rules based on artificial neural networks in the Kenyan stock market. The technical trading rule is also compared to the buy-and-hold strategy ... -
A pension model for the Kenyan youth: use of airtime
(Strathmore University, 2017)The objective of this project is three-fold: first, we develop a model that values a pension fund which uses mobile telephone airtime usage costs to accumulate the funds, with all costs associated with running a pension ... -
Relationship between openness and inflation in Kenya: Testing Romer hypothesis using Autoregressive Distributive Lag
(Strathmore University, 2017)Romer (1993) formulated the hypothesis that the relationship between inflation and openness is negative. The objectives of this paper are to determine if openness has any effect on inflation in Kenya and to establish the ... -
Significance of volatility components in pricing: case for an emerging market
(Strathmore University, 2017)This research is an investigation of the volatility structure of the Kenyan financial market and its influence on stock returns. Using the little-known component GARCH, I decompose market volatility into its long run and ... -
Stock market development and economic growth in African frontier markets
(Strathmore University, 2017)There are three perspectives that have been used to explain the relationship between financial development and economic growth: the finance-led growth hypothesis, the growth driven finance hypothesis and the bi-directional ... -
Stock market liquidity and asset returns: The case of the NSE 20 share index
(Strathmore University, 2017)This research aims to measure the liquidity levels on a sample of stocks from the Nairobi Securities exchange and also investigate the relationship between returns and liquidity on some of the stocks listed under the NSE ... -
A study of behavioral biases present in sports betting markets
(Strathmore University, 2017)This study seeks to establish the behavioral biases exhibited by individuals who participate in sports betting. The biases are manifested by how the individuals (bettors) analyze data pertaining the gamble in order to place ...
