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Profitability of Momentum Strategies in Emerging Markets: Evidence from Nairobi Stock Exchange
(IBIMA, 2011)
A generation ago. the intellectual dominance of the efficient markets hypothesis as the accepted asset pricing paradigm was unchallenged. It was generally believed that securities markets were extremely so efficient that ...
Capital Structure Adjustment, Speed of Adjustment and Optimal Target Leverage among Firms Quoted on the Nairobi Stock Exchange
(2012)
The literature provides conflicting assessments about how firms choose their capital structures, with the trade off, pecking order and market timing hypothesis all receiving some empirical support. The study’s objectives ...
The Applicability of the Constant Dividend Model for Companies Listed at the Nairobi Stock Exchange
(IBIMA publishing, 2011)
The decision to pay out earnings or retain dividends has been a subject of debate for many scholars. This research paper tests the applicability of constant dividend model from companies listed at the Nairobi stock exchange. ...
The Behaviour and Financial Performance of Individual Investors in the Trading Shares of Companies Listed At the Nairobi Stock Exchange, Kenya
(2012)
While conventional academic finance emphasizes theories such as Modern
Portfolio Theory (MPT) and the Efficient Market Hypothesis (EMH), the
emerging field of behavioral finance investigates the cognitive factors ...
Test for Investor Rationality for Companies Listed at the Nairobi Stock Exchange
(David Publishing, 2011)
Investors have traditionally been viewed as economically rational individuals who make decisions based on all available information. They have been assumed to use probability functions to arrive at the most optimal decision. ...
Board Diversity and Performance of Companies Listed in Nairobi Stock Exchange
(2012)
This study examined the relationship between Board diversity and financial performance of firms listed in the Nairobi Stock Exchange. Data on Boards’ age, gender, educational qualifications, study specialization, and board ...