![](/images/graphics-bg.png)
External cash inflows and stock returns of firms listed at the Nairobi securities exchange, Kenya
المؤلفون المشاركون
Ongubo, John Mumani
Makori, Daniel
Kilaka, Jackson Mutua
المصدر
العدد
المجلد 2022، العدد 8 (31 ديسمبر/كانون الأول 2022)، ص ص. 81-119، 39ص.
الناشر
تاريخ النشر
2022-12-31
دولة النشر
الصومال
عدد الصفحات
39
التخصصات الرئيسية
الملخص EN
Stock prices at Nairobi Securities Exchange (NSE) fell contentiously for the last five years and the external cash inflows, have been fluctuating concurrently.
A decrease m stock returns has an extremely negative influence on consumers and the economy.
It is therefore crucial to assess the relationship between external cash inflows and the performance of stock returns.
The objective of this research was to examine the effect of foreign remittances on the stock returns of firms listed at the NSE, Kenya.
The study was anchored on the free cash flow theory, prospect theory, and FDI theory with explanatory research design.
The study employed secondary time series data covering a period of 13 years (2008-2020) incorporating 64 companies quoted at NSE.
A data extraction checklist was employed to collect secondary data from NSE, CBK, and KNBS annual reports.
Stata software was deployed for descriptive and inferential analysis.
The study also carried out diagnostic tests which comprised of unit root test, lag order section test, normality test, cointegration test, and Granger Causality Test.
The findings revealed that foreign remittance and external debts have significant positive effect on the stock returns of firms listed at NSE and that foreign grants and FDI have a significant negative effect on the stock returns of firms listed at NSE, Kenya.
The study, therefore, recommends that the policymakers in the Kenyan government ought to develop monetary and fiscal policies to regulate foreign direct investment inflows.
نمط استشهاد جمعية علماء النفس الأمريكية (APA)
Makori, Daniel& Ongubo, John Mumani& Kilaka, Jackson Mutua. 2022. External cash inflows and stock returns of firms listed at the Nairobi securities exchange, Kenya. Mogadishu University Journal،Vol. 2022, no. 8, pp.81-119.
https://search.emarefa.net/detail/BIM-1458915
نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)
Makori, Daniel…[et al.]. External cash inflows and stock returns of firms listed at the Nairobi securities exchange, Kenya. Mogadishu University Journal No. 8 (2022), pp.81-119.
https://search.emarefa.net/detail/BIM-1458915
نمط استشهاد الجمعية الطبية الأمريكية (AMA)
Makori, Daniel& Ongubo, John Mumani& Kilaka, Jackson Mutua. External cash inflows and stock returns of firms listed at the Nairobi securities exchange, Kenya. Mogadishu University Journal. 2022. Vol. 2022, no. 8, pp.81-119.
https://search.emarefa.net/detail/BIM-1458915
نوع البيانات
مقالات
لغة النص
الإنجليزية
الملاحظات
Includes bibliographical references : p. 115-119
رقم السجل
BIM-1458915
قاعدة معامل التأثير والاستشهادات المرجعية العربي "ارسيف Arcif"
أضخم قاعدة بيانات عربية للاستشهادات المرجعية للمجلات العلمية المحكمة الصادرة في العالم العربي
![](/images/ebook-kashef.png)
تقوم هذه الخدمة بالتحقق من التشابه أو الانتحال في الأبحاث والمقالات العلمية والأطروحات الجامعية والكتب والأبحاث باللغة العربية، وتحديد درجة التشابه أو أصالة الأعمال البحثية وحماية ملكيتها الفكرية. تعرف اكثر
![](/images/kashef-image.png)