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A Test of the Effect of Macro-economic Variables on Volatility of Securities Prices : Evidence from Nairobi Securities Exchange Konyango
| Content Provider | Semantic Scholar |
|---|---|
| Author | Lumumba, Joseph |
| Copyright Year | 2018 |
| Abstract | Volatility as an erratic rise and fall in the stock returns with a lot of demerits especially when it comes to valuation of equities at the stock exchange in that it may cause the bourse to value the securities incorrectly. All it may act as a cold shoulder to investors confidence due to increased uncertainty and hence risk which subsequently may lead to limited investment as a result of the high capital cost emanating from high premium, demanded by shareholders in their investment. This will eventually lead to a slow growth and development of an economy. The main objective of this study is to establish the effect of macroeconomic variables on volatility of securities prices in the Nairobi Securities Exchange (NSE). To achieve the objective of the study, models were developed using annual inflation rate, exchange rate, interest rate, money supply, broad money supply and general money supply as the independent variables and the stock returns as the dependent |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://journals.udsm.ac.tz/index.php/orsea/article/download/2252/2109 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
