dc.contributor.author | Mwambu, Malamba | |
dc.date.accessioned | 2013-05-07T09:43:50Z | |
dc.date.available | 2013-05-07T09:43:50Z | |
dc.date.issued | 2002-09 | |
dc.identifier.citation | Masters thesis University of Nairobi (2002) | en |
dc.identifier.uri | http://erepository.uonbi.ac.ke:8080/xmlui/handle/123456789/19721 | |
dc.description | Masters of Arts degree in Economics | en |
dc.description.abstract | The study looks at risks and factors that affect returns on the Nairobi Stock Exchange.
The study identifies sources of such risks; those that can be eliminated through
diversification (unsystematic) and those that cannot be eliminated through such
(systematic risk).
Systematic or covariance risk is calculated by a standardised measure called Beta, which
is a tendency for It company's returns to move together with market - wide returns.
Beta and a number of risk factors apparently exert considerable influence on returns
on the Nairobi Stock Exchange. The study finds foreign interests rates, domestic
(short - term) interests, domestic exchange rates significant in affecting returns.
The study calls for prudent and stable management of the macroeconomic
environment coupled with efficient regulatory mechanisms to be put in place. This
would be appropriate given that the market has to be competitive in a fully integrated - global economy. | en |
dc.language.iso | en | en |
dc.publisher | University of Nairobi | en |
dc.title | Equity risks and return factors on the Nairobi stock exchange | en |
dc.type | Thesis | en |
local.publisher | Department of Economics | en |