Macroeconomic Variables, Sectoral Index Volatility, and Investor Sentiment among Listed Firms at Nairobi Security Exchange, Kenya

Simple item page
dc.contributor.authorBaariuanddr, Mungiria James
dc.contributor.authorAmbrose Jagongo
dc.date.accessioned2023-04-13T09:51:37Z
dc.date.available2023-04-13T09:51:37Z
dc.date.issued2022
dc.descriptionArticleen_US
dc.description.abstractPurpose: From a broader perspective, it is generally accepted that every investor aims to maximize return on their investment. To achieve this, the security market has significantly attracted so much interest from numerous stakeholders around the globe. However, it is difficult to forecast the stock index volatility exhaustively since it is triggered by different factors, which erode the investors’ confidence. The impact of volatility in the stock market is not the same (Liu et al., 1998), and it is transmitted from one sector to the other. Therefore, this study seeks to establish the relationship between the selected macroeconomic variables sectoral index volatility after introducing the moderating effect of investor sentiment. Methodology: This review employed Systematic review research design to trace, gather and appraise relevant studies that address the relationship between the dependent and independent variables. Findings: The outcomes of the study review the existence of a conceptual framework gap as empirical literature does not offer conclusive results on the sectoral index volatility and how it is influence by macroeconomic variables and investor sentiment. Previous studies were majorly conducted at a different time period in other markets presenting a geographical gap, and without factoring sectoral perspective. Unique contribution to theory, practice and policy: The study will be beneficial to investors in portfolio formation for diversification purposes. The models developed from this study will aid the capital market authority and government to regulate listed firms in Kenya to develop policies that minimizes return volatility. The study will add new knowledge on sectoral index volatility to maximize market returns for listed firms in Kenya.en_US
dc.identifier.citationBaariu, M., & Jagongo, A. (2022). MACROECONOMIC VARIABLES, SECTORAL INDEX VOLATILITY, AND INVESTOR SENTIMENT AMONG LISTED FIRMS AT NAIROBI SECURITY EXCHANGE, KENYA. International Journal of Finance and Accounting, 7(1), 61-75.en_US
dc.identifier.issn2513-4311X
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/25184
dc.language.isoenen_US
dc.publisherInternational Peer Reviewed Journal and Book Publishersen_US
dc.subjectMacroeconomic Variablesen_US
dc.subjectSectoral Index Volatilityen_US
dc.subjectInvestor Sentimenten_US
dc.titleMacroeconomic Variables, Sectoral Index Volatility, and Investor Sentiment among Listed Firms at Nairobi Security Exchange, Kenyaen_US
dc.typeArticleen_US
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Macroeconomic Variables, Sectoral Index Volatility, and Investor Sentiment among Listed Firms at Nairobi Security Exchange, Kenya.pdf
Size:
788.86 KB
Format:
Adobe Portable Document Format
Description:
Full text Article
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
RP-Accounting and Finance Department