Firm investment, stock prices and information asymmetry in Kenya
Date
2021
Authors
Farah, Abdi
Journal Title
Journal ISSN
Volume Title
Publisher
Strathmore University
Abstract
Financial markets play an important role in the production and aggregation of
information. An undisputed view in economics is that asset prices incorporate
information from various sources including tra~ing itself (Grossman and Stiglitz, 1980).
This information, including private information, acts as a signal to market participants
which significantly influences individual and corporate investment decisions (Roll, 1986
and Dow & Gorton,
Description
Submitted in partial fulfillment of the requirements for the Degree of Bachelor of Business Science in Financial Economics at Strathmore University