Kenya Commercial Banks are Star Performers: Myth or Truth?Exploratory Empirical Evidence from Nairobi SecuritiesExchange

Patrick Mumo MUİNDE; James Mwangi Karanja

Makale detayları

Kenya Commercial Banks are Star Performers: Myth or Truth?Exploratory Empirical Evidence from Nairobi SecuritiesExchange

Yazarlar:

Patrick Mumo MUİNDE | James Mwangi Karanja

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Economics and Financial Issues 2017 Vol.7 Issue 1, pp.340-350

Belge Tipi:

Makale

Yayın Tarihi:

2/2017

Belge Dili:

Türkçe

Document ID (Org No.):

2000812080

Sıklık:

İki Aylık

eISSN:

2146-4138

Özet:

 

The profitability of commercial banks in Kenya has been a subject of intense policy debate over the past two decades. This paper explores and adduces evidence that the perceived abnormal profitability in the industry is reflected in stock returns. The study utilizes time series data obtained from the NSE and five macroeconomic variables for the period 1996: 2015. We regress portfolio monthly excess returns, predict and graph these returns to determine if the banking sector outperforms other sectors of the economy. The empirical evidence presented here suggests that the banking industry outperforms other sectors of the economy in Kenya.

Makale detayları

Kenya Commercial Banks are Star Performers: Myth or Truth?Exploratory Empirical Evidence from Nairobi SecuritiesExchange

Yazarlar: Patrick Mumo MUİNDE | James Mwangi Karanja

Yayıncı: İlhan ÖZTÜRK

Dergi: International Journal of Economics and Financial Issues 2017 Vol.7 Issue 1, pp.340-350

Belge Tipi: Makale

Yayın Tarihi: 2/2017

Belge Dili: Türkçe

Document ID (Org No.): 2000812080

Sıklık: İki Aylık

eISSN: 2146-4138

Sayı

Yazarlar:

Patrick Mumo MUİNDE | James Mwangi Karanja

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Economics and Financial Issues 2017 Vol.7 Issue 1, pp.340-350

Belge Tipi:

Makale

Yayın Tarihi:

2/2017

Belge Dili:

Türkçe

Document ID (Org No.):

2000812080

Sıklık:

İki Aylık

eISSN:

2146-4138