Globalization and equity returns in African frontier markets

dc.contributor.advisor
dc.contributor.author	Ngang'a, Josephine Wairimu
dc.date.accessioned	2017-09-11T07:33:07Z
dc.date.available	2017-09-11T07:33:07Z
dc.date.issued	2017
dc.description	A Research project submitted in partial fulfillment of the requirements for the degree of Bachelor of Business Science in Actuarial Science at Strathmore University	en_US
dc.description.abstract	Globalization has significant implications for risk sharing and diversification, cost of capital, market efficiency, financial decisions and macro-economic policy. This study investigates globalization which is measured in three different ways in 8 African frontier markets, from 1997 to 2013. The investigation is conducted using a Panel regression model and it explores whether integration affects equity returns. The factors used in this study are orthogonal to each other and the important fundamentals are inflation and money supply. The researcher finds evidence that the extent of African market globalization has a significant impact to their equity markets. The findings support partially integrated African market. The evidence is generally sensitive to the period of investigation suggesting changing integration through time.	en_US
dc.identifier.uri	http://hdl.handle.net/11071/5400
dc.language.iso	en	en_US
dc.subject	Globalization	en_US
dc.subject	Equity	en_US
dc.subject	Macro-economic	en_US
dc.subject	Inflation	en_US
dc.title	Globalization and equity returns in African frontier markets	en_US
dc.type	Projects	en_US

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