Assessment of factors influencing investment behaviour in securities markets; A Case of Nairobi Stock Exchange
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Date
2014-01-07
Authors
Njeru, A. W.
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Abstract
Due to globalization, stock markets have strived to enhance securities markets
performance to increase its investors' confidence and hence widen their pools of
investments portfolios. Recent years have seen considerable attention devoted to the
analysis of factors influencing investment decisions in different countries. Much of the
research was prompted by nearly simultaneous worldwide collapse of equity markets,
which apparently provided evidence of strong linkages in factors capital movement, the
advent of globalization of financial markets and the increasing importance of cross border
equity flows.
The project explains the important role Nairobi Stock Exchange play in providing
opportunities for mobilization of savings, improved efficiency in resource allocation and
provision of relevant information for investment appraisal. It also generates lower cost
equity capital for firms. Investors need to be appraised of the opportunities and pitfalls of
stock market investment to enable them make informed decisions.
This paper sets out to assess the factors influencing investment decisions in securities
markets, at Nairobi Stock Exchange. With realization of the important of capital markets
and the impediments they face, this study sets to identify and assess these factors and to
make necessary recommendations for policy framework. The population of the study
comprised of all quoted companies in NSE, and all registered stockbrokerage firms and
the capital investment advisers. The primary data was collected by use of structured and
semi structured questionnaires.
Description
Department of Accounting and Finance, 47p. The HG 5151.5 .K4N57 2004
Keywords
Stock exchange-Kenya-Nairobi