| dc.contributor.author | Agoti, Justus N | |
| dc.date.accessioned | 2013-05-08T08:18:39Z | |
| dc.date.available | 2013-05-08T08:18:39Z | |
| dc.date.issued | 2004-09 | |
| dc.identifier.citation | Masters thesis University of Nairobi (2004) | en |
| dc.identifier.uri | http://erepository.uonbi.ac.ke:8080/xmlui/handle/123456789/20142 | |
| dc.description | Degree of Master of Arts in Economics | en |
| dc.description.abstract | This research uses the event study methodology to analyze the impact of one type of disclosure dividend announcements, on the firm value as measured by stock price. We investigate the
information content of dividend announcements for four firms in the Nairobi Stock Exchange for
the period 1999-2003. The study provides additional empirical evidence to the existing body of
knowledge on whether dividend announcements convey useful information about the future value
of a firm. After controlling for clustering, the results based on an estimation window of more than
100 trading days show that, for the analyzed firms, dividend announcements do indeed convey
useful information about the future value of a firm listed in the NSE. | en |
| dc.language.iso | en | en |
| dc.publisher | University of Nairobi | en |
| dc.title | The impact of dividend announcements on firm value: an event study of the case of the NSE | en |
| dc.type | Thesis | en |
| local.publisher | Department of Economics | en |
