Browsing BBSE Research projects (2017) by Title
Now showing items 1-20 of 30
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An assessment of the interest rate channel on monetary policy transmission in Kenya 2006-2015
(Strathmore University, 2017)For the government to achieve its desired level of economic growth, appropriate monetary policy needs to be formulated and implemented. Theoretical and empirical literature highlights the importance of the interest rate ... -
A Comparative Study of Crank-Nicolson scheme and Monte-Carlo Option Pricing
(Strathmore University, 2017)This study examines the rate of convergence and the accuracy of the two primary option pricing methods used currently by professionals; Monte-Carlo and Crank-Nicolson scheme using the Black-Scholes price as the benchmark ... -
The consistency of credit risk pricing in emerging market sovereign debt: the relationship between Bond prices and credit default swap spreads
(Strathmore University, 2017)Theoretical foundations indicate that, under no-arbitrage conditions, a relationship between bond prices and Credit Default Swap prices should be observed. This study examines whether this relationship is evident in emerging ... -
Construction of multidimensional poverty index of Kenya using the Alkire-Foster method
(Strathmore University, 2017)In this paper, we use one specification of the Alkire-Foster approach, which is referred to as the Multidimensional Poverty Index (MPI), to calculate the poverty index of Kenya. This index was computed for 104 countries ... -
Determinants of foreign direct investments in developing countries: evidence from Kenya and Nigeria
(Strathmore University, 2017)Foreign direct investment has a direct relationship with technological change, public policy and level of economic activity. However, in some countries with unfavorable conditions such as high levels of corruption and ... -
Determining if Kenya’s foreign debt portfolio management is optimal
(Strathmore University, 2017)The study seeks to define Kenya's optimal external debt portfolio. The optimization scheme employed minimizes foreign liabilities in a foreign debt portfolio which includes a combination of foreign assets and liabilities ... -
The effect of stock price volatility on bank loan dynamics: a case of Kenya
(Strathmore University, 2017)The study seeks to evaluate dynamic linkages between stock prices and bank lending behavior prevalent in Kenya. As such the focal variables are loans to the private sector and share prices. However, because of the existence ... -
Effects of election years in Kenya on performance of shares at the Nairobi securities exchange in Kenya: the mediating role of market
(Strathmore University, 2017)The Efficient Market Hypothesis is a core theory which explain s how the securities markets work. Itv proposes that capital markets are efficient to varying degrees where in this context, the term efficient means that the ... -
Equity Investment Analysis, the case for a private university endowment
(Strathmore University, 2017)The purpose of this study is to investigate the assertion that university and college endowments should maintain one hundred percent equity holdings in their portfolios. An equity portfolio is compared to a traditional ... -
An evaluation of entrepreneurship education as a tool used by the government to promote growth and development of SMEs in Kenya: A case study of the KPMG top 100 SMEs
(Strathmore University, 2017)The primary aim of this was to evaluate entrepreneurship education as a government policy tool, to stimulate growth and development of SMEs in Kenya. The SMEs considered for this study are all considered the best in their ... -
Firm-level determinants of liquidity: The case of NSE-listed Kenyan banks
(Strathmore University, 2017)What are the key determinants of Liquidity in Kenyan Commercial banks? In the aftermath of the Global Financial Crisis as well as recent events in the Kenyan context, Liquidity and its management have been a crucial concern ... -
Forecasting equity prices for selected companies at the Nairobi Securities Exchange
(Strathmore University, 2017)Information asymmetry is the main cause of uncertainty in security exchanges all over the world. There are “informed investors” and “uninformed investors” with the latter having imperfect information. Due to this uncertainty, ... -
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’ ...
