Browsing BBSE Research projects (2017) by Issue Date
Now showing items 1-20 of 29
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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 ... -
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 ... -
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 ... -
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 ... -
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 ... -
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 ... -
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’ ... -
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 ... -
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 ... -
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 ... -
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 ... -
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 ... -
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, ... -
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 ... -
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 ... -
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 ... -
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 ... -
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 ... -
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 ... -
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 ...
