Despite the stock markets’ pivotal role towards economic growth, stock market development in Kenya and its contribution to economic growth is still an issue of great concern to policy makers and scholars. The Kenyan stock ...

The securities market plays an integral role in any well functioning economy. In particular, it helps in raising of equity capital, provision of investment opportunities, and transfer of funds from surplus agents to deficit ...

The declining and highly volatile firm value observed in the Nairobi Securities Exchange (NSE) over the last decade has raised concern among scholars and financial practitioners. The Kenyan securities market has undergone ...

The equity market is envisioned as a significant source of financing for both the corporate sector and government aimed at growing Kenya’s gross domestic product by 10 percent annually as per Kenya’s vision 2030. However, ...

The late nineties and early 2000s was an era of extensive restructurings which saw a series of reforms taking place in most emerging markets. The Kenyan Government in a bid to match the efforts of other emerging economies ...

The expectations of any stakeholder in a firm at the end of a quarter or a financial year is to earn dividends. However, this may not always be the case, since the firm may occasionally post losses. Previous endeavors ...