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Macroeconomic Conditions and Stock Market Liquidity in Kenya
(Canadian Center of Science and Education, 2020-11)
This paper explores the role of macroeconomic conditions on systematic stock market liquidity in Kenya. The
study first estimates the monthly probability of liquidity switching from a high to a low liquidity state using ...
Illiquidity, Foreign Investor Preferences and Asset Pricing In Kenya
(IISTE, 2017)
In this paper we examine the role of illiquidity and foreign investor preferences in asset pricing in the Kenyan frontier stock market. Since stock illiquidity and heterogeneous foreign investor preferences are pervasive ...
Foreign equity flows and stock market liquidity in Kenya
(Taylor and Francis, 2020-06)
In this paper, we explore the dynamic relationship between aggregate
foreign
equity
inflows
and
aggregate
liquidity
of
the
Kenyan
stock
market
using
transactional foreign trading data and several liquidity ...