dc.contributor.author | Kang'ethe, P K | |
dc.date.accessioned | 2013-06-25T15:30:29Z | |
dc.date.available | 2013-06-25T15:30:29Z | |
dc.date.issued | 1999 | |
dc.identifier.citation | Master of Business Administration | en |
dc.identifier.uri | http://erepository.uonbi.ac.ke:8080/xmlui/handle/123456789/39961 | |
dc.description.abstract | The study contained in this report investigated the effect of ownership on share price volatility of
companies quoted at the Nairobi stock exchange (NSE) for the period 1997 to 1998. The specific
objective of the study was to establish whether ownership influences the share price volatility of
companies quoted at NSE. Share price volatility is regarded as risk surrogate and hence was used to
measure the risk perceived by investors.
The population of interest was the eight companies, which the government had shareholding and are
quoted at the NSE. Data of share prices and NSE index was collected for the two years and first
analyzed by selecting the weekly high, low and closing for each company and the NSE index. Statistical
test was carried out using chi-square test for independence to find out whether ownership and share
price volatility are independent.
From the research findings it was concluded that what has been assumed all along by this study is
actually true. That is, companies which the government has shareholding are perceived to be more
risky by investors. This conclusion supports the need for privatization of such companies | en |
dc.language.iso | en | en |
dc.title | The effect of government ownership on share price volatility of companies quoted at Nairobi stock exchange | en |
dc.type | Thesis | en |
local.publisher | School of Business, University of Nairobi | en |