Determinants of performance of securities exchanges in East Africa
Abbot Anthony Ogwang and
Journal of Finance and Investment Analysis, 2018, vol. 7, issue 3, 3
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
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Persistent link: https://EconPapers.repec.org/RePEc:spt:fininv:v:7:y:2018:i:3:f:7_3_3
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