Market impediments to issuance of corporate bonds at the Nairobi Stock Exchange

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dc.contributor.advisorNdede, F.W.S.
dc.contributor.authorBulla, D. M.
dc.date.accessioned2012-11-22T11:32:59Z
dc.date.available2012-11-22T11:32:59Z
dc.date.issued2012-11-22
dc.description50p.Department of Accounting and Finance: The HG 5843 .B84en_US
dc.description.abstractThis research work was motivated by the deficiency of corporate bonds at the Nairobi Stock Exchange since the market segment opened in 1996. The study sought to investigate market impediments to issuance of corporate bonds at the exchange. Bonds as debt instruments are a cheaper source of external capital for companies when interest rates are comparatively low. The general objective was to test the significance of issuance procedure, cost of issue, state of secondary market and level of transparency in attracting corporate bonds to the market. Methodology was to survey selected finance officers from the listed companies and stockbrokers to determine if they thought the factors had retarded growth of the public debt market and offering opinion on how the situation could be reversed. Analysis of data was conducted using chi-square which returned a no- difference between observed and expected value for the factors under study. The significance level was 0.05 for each impediment tested.en_US
dc.description.sponsorshipKenyatta Universityen_US
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/5980
dc.language.isoenen_US
dc.subjectStock exchangeen_US
dc.subjectKenyaen_US
dc.subjectNairobien_US
dc.subjectCorporate bondsen_US
dc.subjectBond Marketen_US
dc.subjectBondsen_US
dc.titleMarket impediments to issuance of corporate bonds at the Nairobi Stock Exchangeen_US
dc.typeThesisen_US
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