The relationship between stock returns and real activity in Kenya.
Abstract
This study was conducted to assess the relationship between stock market returns and real
economic activity in the economy. Data was collected from the Nairobi Stock Exchange
and from the Central Bureau of Statistics. The study covered the period 1998 to 2004.
The stock market returns were regressed against production figures and empirically
tested. The analysis revealed that there was positive correlation between stock returns and
real activity, and that future production can explain present returns.
Citation
Masters of business administrationSponsorhip
University of NairobiPublisher
School of business,University of Nairobi