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

    Estimating risk premia for corporate governance risk in the Kenyan equity market

    Thumbnail
    View/Open
    Full-text (367.9Kb)
    Date
    2017
    Author
    Njeri, Kevin Kuria
    Metadata
    Show full item record
    Abstract
    This study estimates the premia demanded by investors for corporate governance risk in the Kenyan equity market. Using the OECD/G20 corporate governance principles, corporate governance indices are constructed for the 10 of the NSE 20 share index constituents for the period 2008 to 2015. The indices use objectively observable principles that cover shareholder and stakeholder rights, disclosure and transparency as well as board responsibilities. The arbitrage asset pricing framework is then applied to determine the risk premia associated with corporate governance risk. The findings show that for the period under consideration, corporate governance risk attracted a premium of approximately between 4.64% and 15.16% in the NSE. The risk premia suggest disclosure and transparency standards rank above other elements of corporate governance in order of importance to investors in Kenya’s equity market.
    URI
    http://hdl.handle.net/11071/5374
    Collections
    • BBSF Research Projects (2017) [10]

    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