Factors leading to slow growth in listed firms on stock markets in the East Africa region: the case of Nairobi Security Exchange(NSE).
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Date
2015-07-31Author
Ndiritu, G eorge M
Mugivane, Fred I
Type
en_USLanguage
enMetadata
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A stock market is a key component of a vibrant economy. It is not only vital to the listing company but to the
government too. It is thus, an obligation of the respective Governments to offer an enabling environment
friendly enough to various firms and encourage them to list and be active in stock markets. Some of the
benefits that accrue to a firm from listing include creating a market for the company's shares, enhancing the
status and financial standing of the company, increasing public awareness and public interest in the company
and its products ,providing the company with an opportunity to implement share option schemes for their
employees, increasing access to additional fundraising in the future by means of new issues of shares or other
securities, facilitating acquisition opportunities by use of the company's shares, and offering existing
shareholders a ready means of realizing their investments among others. The study established existence of
various factors which hinder the listing of firms at NSE. These factors include institutional factors,
environmental factors, regulatory factors, historical factors, informational factors. Subsequently the study has
suggested strategies to overcome these hindrances.
URI
http://www.primejournal.org/BAM/pdf/2015/jul/Ndiritu%20and%20Mugivane.pdfhttp://hdl.handle.net/11295/91743
Citation
Ndiritu, G. M., & Mugivane, F. I. Factors leading to slow growth in listed firms on Stock Markets in the East Africa Region: The case of Nairobi Security Exchange (NSE). prime journal, 5 (7), pp.1886-1890Publisher
University of Nairobi