dc.contributor.author | Nyangaresi, Douglas I | |
dc.date.accessioned | 2016-05-14T06:49:41Z | |
dc.date.available | 2016-05-14T06:49:41Z | |
dc.date.issued | 2012 | |
dc.identifier.uri | http://hdl.handle.net/11295/95595 | |
dc.description.abstract | The objective of the study was to investigate whether the 2007-2010 global financial
crisis had an effect on returns of listed commercial banks in Kenya. The research design
was a correlation study with the population of the study consisting of all the 44
commercial banks currently licensed by the Central Bank of Kenya and was operational
between January 1st 2004 and December 31st 2010. The sample consisted of nine
commercial banks which were listed between the years 2004-2010. Secondary data for
the period was collected from NSE data bank. Purposive sampling of companies quoted
on the NSE during the period 2004-2010 was used. Further, firms which were listed in
the course of the period were not included in the sample as there data was found not to be
consistent with the study period. The study used regression model of analysis with
Wednesdays stock prices of the three years before the 2007-2010 and 3 years during the
crisis. The regression model was then used to make predictions of what would have been
the returns in case the crisis had never occurred. These projected returns were compared
with the actual returns for the period during and before the crisis. It was observed that
there was a significant increase in stock returns during the crisis compared to the
projected returns. Analysis of the data revealed that there were generally weak
relationship between the global financial crisis and the returns of the listed commercial
banks due to weak coefficients of determination therefore it can be concluded that the
global financial crisis had no effect on the returns of listed commercial banks and the
increase can be attributed to other factors specific to each organization. However, the
study recommends that a study of similar nature be carried out to investigate information
about the nature of reactions by depositors and loan holders in the banking industry. | en_US |
dc.language.iso | en | en_US |
dc.publisher | University of Nairobi | en_US |
dc.rights | Attribution-NonCommercial-NoDerivs 3.0 United States | * |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/3.0/us/ | * |
dc.subject | The Effect of the 2007-2010 Global Financial Crisis | en_US |
dc.title | The Effect of the 2007-2010 Global Financial Crisis on the Returns of Listed Commercial Banks in Kenya | en_US |
dc.type | Thesis | en_US |