Impact of Privatization on Companies’ Liquidity: A Case of Companies Listed At Nairobi Securities Exchange
Journal Title: International Journal of Empirical Finance - Year 2014, Vol 2, Issue 1
Abstract
The aim of this study was to analyse the liquidity of companies privatized and quoted in the Nairobi Security Exchange. The research focused on those companies, which were recently privatized and were quoted at the Nairobi Security Exchange. Secondary data was collected and analysed from both published and unpublished reports. Published data mainly came from the financial reports of these companies, journals and prospectus. Unpublished data was obtained from research papers.Two ratios were computed for the companies five years before privatization and five years after privatization and the student’s t- distribution was used to determine whether there were significant differences in liquidity before and after privatization.The general conclusion from the study shows that there were no significant changes in the liquidity of companies before and after privatization.
Authors and Affiliations
Gabriel Waweru, John Mbogo, Mohamed Shano, Ignatius Gichana
Keywords
Related Articles
- EP ID EP27134
- DOI -
- Views 426
- Downloads 11
Credit Risk Management and Profitability of Banks Listed on the Ghana Stock Exchange
This study analyzed the relationship between credit risk management and profitability of banks on the Ghana Stock Exchange (GSE). A secondary data in a panel form of 7 banks listed on the Ghana Stock Exchange was exami...
Financial Issues Facing Entrepreneurs
This research highlights the financial issues that Entrepreneurs may facing many difficulties and problems when they start their own business, the most important of these problems is the financial problems they may fac...
Equity Risk Premium, Macro-Economic Variables and CoIntegration: Evidence from Nigeria
The paper examines the long-run causal relationship between equity risk premium and a set of macroeconomic variables namely GDP growth rate, inflation, interest rate and financial deepening for a period of 25 years, ra...
Does Hedging Financing Ensure Shareholder Value: The Case of Investment Decision
This paper highlights the conflicting relationship between financial governance mechanisms and financing. The choice of external financing tends to reduce manager’s flexibility because of the controls and pressures exe...
Managing Inflation in Nigeria: Challenges and Prospects
There appears to be a consensus that macroeconomic stability defined as low inflation is negatively related to economic growth. Hence, rapid output growth and low inflation are the most common objectives of macroeconomi...