Research Journal of Finance and Accounting
Effects of Dividend Announcements on Stock Prices at Nairobi Securities Exchange
Abstract
The paper discusses the concept of efficient market hypothesis at Nairobi Securities Exchange. The research was carried out to investigate the effects of dividend announcements on stock prices at NSE in semi-strong form. Secondary data was collected and analysed from Nairobi Securities Exchange. It was concluded that Nairobi Securities Exchange is not efficient in semi-strong form.
Keywords: semi-strong, efficient market hypothesis, dividend announcements, cumulative abnormal returns
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ISSN (Paper)2222-1697 ISSN (Online)2222-2847
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