Determinants of performance of securities exchanges in East Africa
Godfrey Akileng,
Abbot Anthony Ogwang and
Charles Ssendyona
Journal of Finance and Investment Analysis, 2018, vol. 7, issue 3, 3
Abstract:
The purpose of the study is to examine the determinants of the performance of the securities exchange markets in East Africa. We use a pooled of crossectional approach in the analysis for 94 firms with 752 firm year observations for firms listed in the East African securities exchange markets. The findings of the study indicate that the three exchange houses do not respond homogeneously to profitability of trade as measures of securities exchange performance. There exists variations in the market dynamics for the three exchanges. The findings suggest that fostering of an active secondary market, a sensitized and informed public, and stability of currency can help improve the securities exchange performance.JEL classification numbers: G10Keywords- Profitability, Price Index, Trade Volume
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations:
Downloads: (external link)
http://www.scienpress.com/Upload/JFIA%2fVol%207_3_3.pdf (application/pdf)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:spt:fininv:v:7:y:2018:i:3:f:7_3_3
Access Statistics for this article
More articles in Journal of Finance and Investment Analysis from SCIENPRESS Ltd
Bibliographic data for series maintained by Eleftherios Spyromitros-Xioufis ().