Symmetric and Asymmetric Effect of Investor Sentiment on Performance of Equity Market in Nairobi Securities Exchange, Kenya

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dc.contributor.authorMusembi, Michael Makau
dc.contributor.authorSimiyu, Eddie
dc.contributor.authorNjoka, Charity
dc.date.accessioned2023-03-30T08:35:56Z
dc.date.available2023-03-30T08:35:56Z
dc.date.issued2020
dc.descriptionArticleen_US
dc.description.abstractThe key aim of the study was determining the effect of investor sentiment on performance of equity market in Nairobi Securities Exchange, Kenya. Specifically the study determined the effect of investor sentiment on performance of equity market in Nairobi securities exchange, Kenya. The study was based on behavioral finance theories. The study was also based on positivism paradigm and explanatory research design. The study relied on monthly secondary data obtained from Central bank of Kenya, Nairobi Securities Exchange, Capital Markets Authority and Kenya National Bureau of Statistics between 2008 and 2018. The target population was all 67 listed firms in Nairobi securities exchange as captured by the Nairobi Securities Exchange All Share Index. The instruments of data collection were document review guides. The study used ARDL and NARDL models for data analysis. The findings of the study reported significant positive relationship between investor sentiment and performance of equity market. The study recommended that capital markets authority should monitor changes in investor sentiment in the market as it significantly affects equity market performance.en_US
dc.identifier.citationMusembi, M. M. Symmetric and Asymmetric effect of Investor Sentiment on Performance of Equity Market in Nairobi Securities Exchange, Kenya.en_US
dc.identifier.issn2348-7585
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/25053
dc.language.isoenen_US
dc.subjectInvestor sentimenten_US
dc.subjectcontagion effectsen_US
dc.subjectsystematic risken_US
dc.subjectmacro risk factorsen_US
dc.subjectasymmetric effectsen_US
dc.subjectprivate sector crediten_US
dc.subjectcausalityen_US
dc.titleSymmetric and Asymmetric Effect of Investor Sentiment on Performance of Equity Market in Nairobi Securities Exchange, Kenyaen_US
dc.typeArticleen_US
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