scholarly journals EFFECT OF NEW INFORMATION FROM RIGHTS ISSUE ANNOUNCEMENT ON SHARE PRICES OF FIRM’S LISTED ON THE NAIROBI SECURITY EXCHANGE

2017 ◽  
Vol 1 (3) ◽  
pp. 54
Author(s):  
Batista J. Mariko ◽  
Theuri J. M
Keyword(s):  
Stock Returns ◽  
Secondary Data ◽  
Sampling Technique ◽  
Target Population ◽  
P Value ◽  
Unique Contribution ◽  
Share Prices ◽  
New Information ◽  
Rights Issue ◽  
The Impact

Purpose: The purpose of this study was to establish the effect of new information from rights issue announcement on share prices of firm’s listed on the Nairobi Security Exchange.Methodology: The study was carried out using descriptive research design. The target population consisted all companies listed on the NSE, and had previously done a rights issue. Convenient sampling technique was used to identify firms that had rights issue in the period under study.  Secondary data was collected using a schedule developed by the researcher. Data analysis was done using events study methodology and regression modelling.Results: Based on the findings the study found that mean share prices before and after the rights issue announcement was statistically insignificant as indicated by the t-test (t= -0.435 and p-value = 0.663).Unique contribution to theory, practice and policy: Based on the findings the study recommends that further studies to be done on the impact of bonus issues, IPOs, and the global economic crisis (2008-2009) on stock returns of companies listed at the NSE.

scholarly journals EFFECT OF VOLUME OF SHARES TRADED ON SHARE PRICES OF FIRM’S LISTED ON NAIROBI SECURITY EXCHANGE

2017 ◽  
Vol 1 (3) ◽  
pp. 71
Author(s):  
Batista J. Mariko ◽  
Theuri J. M
Keyword(s):  
Stock Returns ◽  
Negative Relationship ◽  
Secondary Data ◽  
Sampling Technique ◽  
Target Population ◽  
Share Price ◽  
P Value ◽  
Share Prices ◽  
Rights Issue ◽  
The Impact

Purpose: The purpose of this study was to establish the effect of volume of shares traded on share prices of firm’s listed on Nairobi Security Exchange.Methodology: The study was carried out using descriptive research design. The target population consisted all companies listed on the NSE, and had previously done a rights issue. Convenient sampling technique was used to identify firms that had rights issue in the period under study.  Secondary data was collected using a schedule developed by the researcher. Data analysis was done using events study methodology and regression modelling.Results: Based on the findings the study found out that there existed a negative relationship between volume of shares traded and the share price. Specifically, the share price is negative (β=-0.909) and significant (p-value = 0.000) at 5% and that 9.4 percent of the variations in volume of shares traded were explained by the variations in share pricesUnique contribution to theory, practice and policy: Based on the findings the study recommends that further studies to be done on the impact of bonus issues, IPOs, and the global economic crisis (2008-2009) on stock returns of companies listed at the NSE.

scholarly journals EFFECT OF INFORMATION ADJUSTMENT TIME ON SHARE PRICES FOR FIRM’S LISTED ON THE NAIROBI SECURITY EXCHANGE

2017 ◽  
Vol 1 (3) ◽  
pp. 87
Author(s):  
Batista J. Mariko ◽  
Theuri J. M
Keyword(s):  
Stock Returns ◽  
Secondary Data ◽  
Sampling Technique ◽  
Target Population ◽  
Share Prices ◽  
Descriptive Research ◽  
Adjustment Time ◽  
Study Methodology ◽  
Rights Issue ◽  
The Impact

Purpose: The purpose of this study was to establish the effect of information adjustment time on share prices for firm’s listed on the Nairobi Security Exchange.Methodology: The study was carried out using descriptive research design. The target population consisted all companies listed on the NSE, and had previously done a rights issue. Convenient sampling technique was used to identify firms that had rights issue in the period under study.  Secondary data was collected using a schedule developed by the researcher. Data analysis was done using events study methodology and regression modelling.Results: Based on the findings the study indicated that there was slow information adjustment as established by the lagged residuals of the residuals. Specifically, the effects of rights issue announcement persisted for 2 days and thus indicating a slow information adjustment.Unique contribution to theory, practice and policy: Based on the findings the study recommends that further studies to be done on the impact of bonus issues, IPOs, and the global economic crisis (2008-2009) on stock returns of companies listed at the NSE.

scholarly journals Return of beverage and food companies in Indonesia and its factors

2020 ◽  
Vol 1 (3) ◽  
pp. 245-254
Author(s):  
Dirvi Surya Abbas ◽  
◽  
Imam Hidayat ◽  
Keyword(s):  
Stock Returns ◽  
Systematic Risk ◽  
Secondary Data ◽  
Sampling Technique ◽  
Manufacturing Companies ◽  
Return On Equity ◽  
Risk Return ◽  
Food And Beverage ◽  
Equity Ratio ◽  
The Impact

Purpose: This study aimed to determine the impact on stock returns of food and beverage companies in Indonesia during the period 2013-2018 of instrument finance and systemic risk. Methodology: The sampling technique used purposive sampling. Based on the predetermined criteria, eight companies. Data used secondary data obtained from IDX. The method used is regression analysis logistic panel data. Results: Return on equity & systematic risk affected stock returns. Price earning ratio & debt to equity ratio did not affect stock returns. Limitation: The data used is only for food and beverage companies and does not include manufacturing companies as a whole. Contribution: Investors are expected to analyze the company's condition that will invest their capital; besides using technical analysis, it is also better to use fundamental analysis. Keywords: Instrument finance, Systematic risk, Return

scholarly journals The effect of investment risks on stock return in the agricultural sector

2021 ◽  
Vol 10 (6) ◽  
pp. 189-197
Author(s):  
Ali Sadikin ◽  
Fahmi Roy Dalimunthe
Keyword(s):  
Stock Returns ◽  
Agricultural Sector ◽  
Stock Exchange ◽  
Secondary Data ◽  
Sampling Technique ◽  
Interest Rate Risk ◽  
Coefficient Of Determination ◽  
Analysis Tool ◽  
Positive Direction ◽  
The Impact

This study purposes to determine the impact of risks of investment on stock returns of the agricultural sector in wetlands listed on the IDX for the period 2016-2019. This study uses secondary data while the analysis tool uses multiple linear regression (SPSS 21). The research population is 21 companies and the sample is 17 companies. The research sampling technique uses purposive sampling. The object of research is the agricultural sector which is listed on the Indonesia Stock Exchange for the period 2016 to 2019. This study also uses some classical assumptions. Testing the research hypothesis was done by t-test (partial test) and the coefficient of determination test. The results of the study are that 2 independent variables have a significant effect, namely interest rate risk (X1) in a positive direction and exchange risk in a negative direction, while liquidity risk and inflation risk have no significant effect with negative and positive directions on stock returns of the agricultural sector listed on the IDX for the period 2016-2019. The result of the research determination coefficient is 15.1%.

scholarly journals Impact of splits on stock splits ratios around announcement day: empirical evidence from India

2020 ◽  
Vol 17 (3) ◽  
pp. 345-359
Author(s):  
Anjali Gupta ◽  
Purushottam Kumar Arya
Keyword(s):  
Stock Returns ◽  
Stock Prices ◽  
Positive Impact ◽  
Abnormal Returns ◽  
Stock Splits ◽  
P Value ◽  
Share Prices ◽  
Stock Split ◽  
Percentage Basis ◽  
The Impact

Stock split should not have any impact on share prices, and there should be no value creation. The purpose of this study is to find any impact of stock splits announced in India between 1999 and 2019 on stock returns. The study aims to find differences in the impact of stock splits on stock returns with differences in stock split ratios. To examine the impact, the study includes 224 splits and adopts the standard event study methodology to find results. The presence of an abnormal return around split announcement day is the main factor, which determines the impact of stock split on the stocks. Average Abnormal Returns and Cumulative Average Abnormal Returns on percentage basis, z-test and p-value are used to statistically analyze the impact on stock prices around the announcement day of splits. These tests are used across different window periods (e.g., 20 days, 10 days and 5 days) around the event day (announcement day) to check if the impact of the event continues or decreases over time. The results point to a significant positive impact of stock splits on the returns of stock around the day the split was announced. The results also show that the impact is stronger for stock splits with ratios 10:1 (2.72 percent) and 10:2 (2.14 percent). It can be suggested that 10:1 and 10:2 are the most popular split ratios that receive maximum ongoing response to splits in the announcement window.

scholarly journals Determinants of Water-funded Projects in Mitigating Water Risks in Vihiga County, Kenya

2021 ◽  
pp. 15-26
Author(s):  
James M. Oketch ◽  
Edward M. Mugalavai ◽  
Nicodemus O. Nyandiko
Keyword(s):  
Focus Group ◽  
Environmental Flows ◽  
Evaluation Research ◽  
Secondary Data ◽  
Sampling Technique ◽  
Primary Data ◽  
P Value ◽  
Focus Group Discussions ◽  
Group Discussions ◽  
The Impact

Currently, 85 per cent of the world’s human  population lives in the drier half of the Earth, which exacerbates the water risks including lack of access to safe water, poor basic sanitation and water-related disasters and diseases. Vihiga County is located in the western region of Kenya (former western province). The county covers a total area of 531.0 Km2. This paper examines the impact of water related risks on the livelihood of residents in Vihiga County. The study used evaluation research design. A sample size of 384 households was used to obtain data from the households. Sampling technique comprised of multistage sampling for the households, Quota sampling for the Focus Group Discussions and purposive sampling for the Key Informants. Primary data was gathered by use of questionnaires, Key Informant Interview guides, observation checklists and Focus Group Discussions. Secondary data was collected by use of publications, journals, and internet access. Quantitative data was analysed using Microsoft excel, and Statistical Package for Social Scientists (SPSS) version 20.0. Results reveal that majority of the household respondents had experienced different forms of water related risks including, water pollution at 42%, inadequate water infrastructure 32%, poor water governance 10%, water scarcity 7% and environmental flows at 4% respectively. The study established that the existing Water Funded Projects (WFPs) initiatives include protected water springs at 31%, water kiosks 21%, boreholes at 18%, open wells 14 %, rain water harvesting at 12% while 4% of household respondents had piped water. The results (X25, 0.05=69.76; p-value=0.000) indicating that Water Funded Projects (WFPs) initiatives have positively influenced reduction in water related risks.

scholarly journals The Impact of Malnutrition on the Increasing Risk of Bronchopneumonia Among Under Five-Year children

2021 ◽  
Vol 15 (6) ◽  
pp. 1506-1508
Author(s):  
Intan Mutiara Putri ◽  
Ade Nopriyanti
Keyword(s):  
Nutritional Status ◽  
Secondary Data ◽  
Sampling Technique ◽  
P Value ◽  
Chi Square ◽  
The Public ◽  
Under Five ◽  
Case Research ◽  
The Impact ◽  
Test Result

Background: Bronchopneumoniabecomes, one of the infectious diseases, is causing mortality in under five-year children. One of the risk factors of pneumonia in under five-year children is nutritional status. One of the types of pneumonia is the inflammation occurred on the tip of the bronchioles. Aim: This research aimed to observe the relation of nutritional status and bronchopneumonia among under five-year children. Method: This research had been approved by the Research Ethics Committee in Universitas ‘Aisyiyah Yogyakarta. This control case research was conducted in the Public Regional Hospital of Panembahan Senopati, Bantul Yogyakarta. The study used 86 respondents (under five-year children) aged 12 to 60 months suffering from bronchopneumonia and 86 respondents (under five-year children) with pneumonia with the same ages as the previous one. The respondents were found using the random sampling technique listed in this research. The data were collected from the secondary data from the medical record. Results: The chi-square statistical test result showed that the under five-year children with the malnutrition had three times higher risk of suffering bronchopneumonia than those with good nutritional status (p-value: 0.001 and 95% CI: 1611-5.578). Keywords: Nutritional Status, Bronchopneumonia, Under Five-Year Children

scholarly journals INFLUENCE OF PARTICIPATION IN PUBLIC DEBATES ON RESPONSIVE GOVERNANCE IN NAIROBI CITY COUNTY GOVERNMENT, KENYA

2021 ◽  
Vol 6 (1) ◽  
pp. 60-67
Author(s):  
Ndei Maina ◽  
Mike Iravo ◽  
Kepha Ombui
Keyword(s):  
Significant Relationship ◽  
Local Governance ◽  
Secondary Data ◽  
Sampling Technique ◽  
Target Population ◽  
Primary Data ◽  
County Government ◽  
Unique Contribution ◽  
Policy And Practice ◽  
Public Debates

Purpose- This study focused on establishing the influence of participation in public debates on responsive governance in Kenya. Its main objective was to establish the influence of participation in public debates on responsive governance in Kenya. Methodology- Descriptive research design and positivism research philosophy were adopted. The study focused on a target population of 680 respondents from Eighty-five wards within Nairobi County, and data was collected from the following groups of respondents; Civil society representative, religious representative, ward administration representative, youth representative, women representative, the special interest group representative, a representative of the citizens’ anticipating county services and a representative of the old aged residents were targeted. A sample size of 139 respondents was determined though purposive sampling technique. Primary data was collected through questionnaires and secondary data through published materials. Data was analysed through SPSS and presented in tables. Hypothesis testing was done through the use of t-test. F test (ANOVA) was also conducted to ascertain the difference between groups on study variable. Findings- The study found that participation in public debates had a positive and significant relationship with responsive governance. The study concluded that through participation in public debates citizens are able to support the incumbent leader to facilitate achievement of county goals.  The results from participation in public debates indicated that an increased Participation in Public Debates resulted to responsive governance. Correlation results revealed that Participation in Public Debates and responsive governance were positively and significantly related. Regression further showed that participation in public debates have a positive and significant relationship with responsive governance in Nairobi city county government in Kenya. Unique contribution to theory, policy and practice - The study recommended that there is need to establish forums to in order to enable citizens to engage directly in planning, policy making and monitoring service delivery.  Based on the study findings, the study recommends that there is need to establish, County, Sub-County and Ward Citizens Forums to enhance participation of residents in local governance. Originality/value – This paper fulfils an identified need understand how Participation in Public Debates can influence responsive governance.

scholarly journals EFFECT OF COVID-19 ON LOAN REPAYMENT OF SMALL BUSINESSES IN KENYA: A CASE STUDY OF EASTLEIGH BUSINESS COMMUNITY

2020 ◽  
Vol 5 (2) ◽  
pp. 1
Author(s):  
Fidow Abdikadir Noor
Keyword(s):  
Small Businesses ◽  
Business Performance ◽  
Negative Relationship ◽  
Target Population ◽  
Business Community ◽  
P Value ◽  
Small Business Owners ◽  
Unique Contribution ◽  
Loan Repayment ◽  
The Impact

Purpose: The aim of this research is to investigate empirically the effect of pandemic outbreaks on loan repayment of small enterprises in Eastleigh business community, with particular focus for those who used borrowed fund in starting and operating their businesses. Design/methodology/approach: The target population of the study was the business community of Eastliegh, and samples of 50 businesses were randomly selected from the population. descriptive statistics were used to analyze the mean, mode, median, and the variance of the collected data. Regression and correlation were used to analyze the strength and the direction between the relationships of the different variable. Findings: The research results indicated statistically significant negative relationship between pandemic outbreak and loan repayment ability of small businesses in Easteigh, r(-.54), with p value of 0.008. Unique contribution to theory, practice, and policy: Pandemic outbreak affects business performance and survival in different ways. Small business owners, regulators, lenders, and the general public may benefit from this research by considering the impact of disruptions on small businesses. The study is one of the first to respond to the effect pandemic outbreak on small businesses after covid-19 pandemic eruption. Conducting this study was indispensable because of the importance of small businesses for the economy of any country and the current situation of covid-19 pandemic impact on them, specifically those who borrowed the fund they had invested.

An Analysis of the Link between Water Infrastructure Financing and Water Provision South Africa

2018 ◽  
Vol 10 (3(J)) ◽  
pp. 74-83
Author(s):  
Lerato C. Bapela ◽  
Collins C. Ngwakwe ◽  
Mokoko P. Sebola
Keyword(s):  
South Africa ◽  
Quantitative Research ◽  
Secondary Data ◽  
P Value ◽  
Unique Contribution ◽  
Water Infrastructure ◽  
Control Variables ◽  
Policy Makers ◽  
Infrastructure Finance ◽  
Water Provision

This paper evaluated the relationship between water infrastructure financing and water provision in South Africa. The research followed a quantitative research design; secondary data for water infrastructure financing and water provision in South Africa was obtained from the Trans - Caledon Tunneling Agency (TCTA) and the World Bank for the period 1994 - 2014 . The regression results indicated two separate findings which offers unique contribution to the current literature; results from water asset finance as a single independent variable on water provision showed a significant relationship. However, an addition of two control variables , corruption and violence, neutralised the effectiveness of water asset finance on water provision to the extent that water asset finance became less significant with a P value of 0.05. The paper makes a nuance contribution from the findings, which specifically is that finance alone may not deliver target water provision if corruption and violence is left unbridled. The paper thus recommends the need for public policy makers to control the rate of corruption and violence to enable effective application of water infrastructure finance in water provision. The paper also recommends the need for further research on other government departments to integrate corruption and violence as control variables. 

Sign in / Sign up

Export Citation Format

Share Document