18Feb 2017

EFFECTS OF INVESTOR BASE ON VALUE OF STOCK OF CROSS LISTED FIRMS: A CASEOF CROSS LISTED KENYAN FIRMS LISTED IN THE NSE.

  • Lecturer Garissa University College, School of Business and Economics, P.O. BOX 1801-70100, Garissa
  • PhD Candidate, Moi University, School of Business and economics, P.O Box 3900-30100, Eldoret
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This paper sought to investigate the effect of investor base on the value of stock of Cross-Listed Firms in the NSE. The study used an explanatory survey design.The target population comprised of all the seven cross listed Kenyan firms listed in the NSE namely: Equity bank, KCB, Kenya airways, Jubilee insurance, Centum Investment Ltd, Nation Media Company and the EABL. A census sampling technique was employed in selecting the companies from which the data was collected from in an effort to ensure that all the companies targeted were used to form the sample size. The researcher used documentary analysis as the main data collection method. The data was obtained through analysis from company’s annual reports, internet and NSE journals. The data collected was analyzed using descriptive methods and inferential statistics. The study found out that an increase in the investor base (trading volume) and a decrease in price noisiness could have had an effect on stock value positively. It was concluded that cross listed firms acquired a considerable amount of assets after cross listing an aspect attributed to the increase in operations as a result of the popularity and an increasein market share acquired by the company.

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[Philip Kiprotich Bii and Sila Kiprotich Mutai. (2017); EFFECTS OF INVESTOR BASE ON VALUE OF STOCK OF CROSS LISTED FIRMS: A CASEOF CROSS LISTED KENYAN FIRMS LISTED IN THE NSE. Int. J. of Adv. Res. 5 (Feb). 82-86] (ISSN 2320-5407). www.journalijar.com

SILA KIPROTICH
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DOI:

Article DOI: 10.21474/IJAR01/3117      
DOI URL: http://dx.doi.org/10.21474/IJAR01/3117

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