Impact of demographic changes on equity returns in Kenya

Simple item page
dc.contributor.authorThuo, Martin Mathi
dc.date.accessioned2017-09-04T12:14:21Z
dc.date.available2017-09-04T12:14:21Z
dc.date.issued2017
dc.descriptionA Research project Submitted in partial fulfillment of the requirements for the degree of Bachelor of Business Science in Financial Economics at Strathmore Universityen_US
dc.description.abstractUnprecedented 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 rise aggregate demand causing an increase in aggregate supply in the economy. On the contrary, Poterba (2001) asserts that the entry of this large cohort into the labor market may have been associated with an increase in aggregate unemployment rate. While it is difficult to state with certainty the casual relationship between an increase in population and equity returns, there is evidence that shifts in demographic structure can be associated to changes in stock returns. According to Chen and Gurdip (1994) a rise in the average age tends to be followed by a rise in the market premium. They attribute this to the life cycle risk aversion hypothesis.en_US
dc.identifier.urihttp://hdl.handle.net/11071/5393
dc.language.isoenen_US
dc.publisherStrathmore Universityen_US
dc.subjectEquity returnsen_US
dc.subjectNairobi Securities Exchange (NSE)en_US
dc.subjectDemographic changesen_US
dc.subjectPopulationen_US
dc.titleImpact of demographic changes on equity returns in Kenyaen_US
dc.typeProjecten_US
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Impact of demographic changes on equity returns in Kenya.pdf
Size:
1004.63 KB
Format:
Adobe Portable Document Format
Description:
Full-text
Download
License bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
BBSE Research projects (2017)