In the recent past companies quoted on the Nairobi Stock Exchange have been using stock dividend as a mode of paying dividends. This emerging trend may be attributed to the pecking order theory, economic growth in the ...

The objective of this study was to investigate whether the stock returns at the NSE exhibit holiday effect. The holiday effect portends that on a day prior to the public holidays, stocks exhibit relatively high returns ...

Every investor would like to feel that he/she has obtained the best deal for his investment; in his buy decision he would like to feel that he has not paid more than the investment is worth, while in the sell decision he ...

Seasonality in stock returns has been of great importance to financial scholars and practitioners. The size effects indicate that the stocks returns are a decreasing function of firm size whereas the January effect is ...