There are three widely practiced approaches in pricing the initial public offerings (IPOs), namely public offer, tender or auction and book-building. To understand the dynamics of IPO pricing and the strategic information ...

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 ...

Public corporations have been criticized for inefficiency and mismanagement. They are characterized by widespread misuse of funds due to lack of proper internal management and Government interferences. Due to this, some ...

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 ...

Since 1969, researchers have been bewildered with stock split, the pioneer study of Fama, Fisher, Jensen, and Ross, which tried to explain the reasons behind the noticeable increase in share prices before and after the ...

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 ...

This Research Project sought to survey the use of JIT practices by the companies listed at the Nairobi Stock Exchange. The study set to achieve three objectives. The first objective was to document just-in-time practices ...

The Kenyan stock market has experienced poor performance since it was formed in 1954. Over these years, the market has experienced low turnover, low market capitalization and the stagnation of the number of listed ...