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Kenya Commercial Banks are Star Performers: Myth or Truth? Exploratory Empirical Evidence from Nairobi Securities Exchange

Year 2017, Volume: 7 Issue: 1, 340 - 350, 01.03.2017

Abstract

The profitability of commercial banks in Kenya has been a subject of intense policy debate over the past two decades. This paper explores and adduces evidence that the perceived abnormal profitability in the industry is reflected in stock returns. The study utilizes time series data obtained from the NSE and five macroeconomic variables for the period 1996: 2015. We regress portfolio monthly excess returns, predict and graph these returns to determine if the banking sector outperforms other sectors of the economy. The empirical evidence presented here suggests that the banking industry outperforms other sectors of the economy in Kenya.

Year 2017, Volume: 7 Issue: 1, 340 - 350, 01.03.2017

Abstract

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Details

Other ID JA47YJ29DY
Journal Section Research Article
Authors

Patrick Mumo Muinde This is me

James Mwangi Karanja This is me

Publication Date March 1, 2017
Published in Issue Year 2017 Volume: 7 Issue: 1

Cite

APA Muinde, P. M., & Karanja, J. M. (2017). Kenya Commercial Banks are Star Performers: Myth or Truth? Exploratory Empirical Evidence from Nairobi Securities Exchange. International Journal of Economics and Financial Issues, 7(1), 340-350.
AMA Muinde PM, Karanja JM. Kenya Commercial Banks are Star Performers: Myth or Truth? Exploratory Empirical Evidence from Nairobi Securities Exchange. IJEFI. March 2017;7(1):340-350.
Chicago Muinde, Patrick Mumo, and James Mwangi Karanja. “Kenya Commercial Banks Are Star Performers: Myth or Truth? Exploratory Empirical Evidence from Nairobi Securities Exchange”. International Journal of Economics and Financial Issues 7, no. 1 (March 2017): 340-50.
EndNote Muinde PM, Karanja JM (March 1, 2017) Kenya Commercial Banks are Star Performers: Myth or Truth? Exploratory Empirical Evidence from Nairobi Securities Exchange. International Journal of Economics and Financial Issues 7 1 340–350.
IEEE P. M. Muinde and J. M. Karanja, “Kenya Commercial Banks are Star Performers: Myth or Truth? Exploratory Empirical Evidence from Nairobi Securities Exchange”, IJEFI, vol. 7, no. 1, pp. 340–350, 2017.
ISNAD Muinde, Patrick Mumo - Karanja, James Mwangi. “Kenya Commercial Banks Are Star Performers: Myth or Truth? Exploratory Empirical Evidence from Nairobi Securities Exchange”. International Journal of Economics and Financial Issues 7/1 (March 2017), 340-350.
JAMA Muinde PM, Karanja JM. Kenya Commercial Banks are Star Performers: Myth or Truth? Exploratory Empirical Evidence from Nairobi Securities Exchange. IJEFI. 2017;7:340–350.
MLA Muinde, Patrick Mumo and James Mwangi Karanja. “Kenya Commercial Banks Are Star Performers: Myth or Truth? Exploratory Empirical Evidence from Nairobi Securities Exchange”. International Journal of Economics and Financial Issues, vol. 7, no. 1, 2017, pp. 340-5.
Vancouver Muinde PM, Karanja JM. Kenya Commercial Banks are Star Performers: Myth or Truth? Exploratory Empirical Evidence from Nairobi Securities Exchange. IJEFI. 2017;7(1):340-5.