Impact of Rights Issues on Stock Prices: the Case of Companies Listed at the Nairobi Stock Exchange

dc.contributor.author	Njoroge, Cecilia
dc.date.accessioned	2017-11-02T08:47:53Z
dc.date.available	2017-11-02T08:47:53Z
dc.date.issued	2003
dc.identifier.uri	http://hdl.handle.net/11295/101154
dc.description.abstract	This study examines the impact of right issue announcements on share prices of companies listed at the Nairobi stock exchange.The study is based on a sample of six rights issues between 1996 and 2002. The study examines whether the average abnormal returns surrounding the rights issue announcement was statistically different from zero.The market model was used to derive the expected returns and a t-test statistic was used to test the hypothesis..........................................
dc.language.iso	en	en_US
dc.publisher	University of Nairobi	en_US
dc.rights	Attribution-NonCommercial-NoDerivs 3.0 United States	*
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/3.0/us/	*
dc.subject	Stock Prices	en_US
dc.subject	Stock Prices	en_US
dc.title	Impact of Rights Issues on Stock Prices: the Case of Companies Listed at the Nairobi Stock Exchange	en_US
dc.type	Thesis	en_US

Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivs 3.0 United States