dc.contributor.author | Mwangi, Peter N | |
dc.date.accessioned | 2013-05-11T12:07:13Z | |
dc.date.available | 2013-05-11T12:07:13Z | |
dc.date.issued | 1999 | |
dc.identifier.citation | A Management Research Project Report Submitted in Partial Fulfillment for the Requirements of the Degree of Masters of Business Administration (MBA), School Of Business, University Of Nairobi | en |
dc.identifier.uri | http://erepository.uonbi.ac.ke:8080/xmlui/handle/123456789/22075 | |
dc.description.abstract | Investors constantly evaluate performance of different firms and their aim is to
determine which firms are doing better so that they can invest their funds in
them and which ones are deteriorating in performance so that they can
withdraw their investment from them. One of the basic techniques used by
investors and the financial analysts is the PIE ratio. This study sought to
determine whether the PIE ratios of companies quoted on the Nairobi stock
exchange have any relationship with some three basic investment performance
indicators namely the Earnings growth, Dividend payout and Earnings growth
variations.
Using a sample of 30 firms out of the total 55 firms listed at the Nairobi Stock
Exchange over the 1993 to 1998 period the researcher examined the
relationship between a company's PIE ratio and the indicators mentioned
above.
The multiple regression technique was ·used for the analysis of data collected
and the results showed that a relationship exists between the PIE and the three
indicators. The conclusion was that investors can improve their investment
portfolio performance if they use the PIE Ratios as the earnings growth is
positively related to PIE. The other two factors, that is Dividends payout and
Earnings variations had unclear relationships with PIE and this also needs to be
taken into account by investors and analysts. | en |
dc.language.iso | en | en |
dc.title | Testing whether the price-earnings ratio is an Indicator of investment performance of ordinary Shares on the Nairobi stock exchange | en |
dc.type | Thesis | en |
local.publisher | Business Administration | en |