The Impact of General Elections on Kenya’s Tourism, Financial and Media Sector Stock Returns: An Event Study Approach

dc.contributor.author Buigut, Steven
dc.contributor.author Masinde, Brain
dc.date.accessioned 2021-03-03T10:05:38Z
dc.date.available 2021-03-03T10:05:38Z
dc.date.copyright © 2021
dc.date.issued 2022
dc.description This article is not available at CUD collection. The version of scholarly record of this article is published in Journal of African Business (2022), available online at: https://doi.org/10.1080/15228916.2021.1874793 en_US
dc.description.abstract This paper examines the impact of Kenyan elections and election-related events on tourism, financial and media sector stock returns using an event study approach. Daily prices of selected equities are obtained from the Thompson Reuters EIKON and parametric and non-parametric tests carried out. The results indicate that conflict negatively affects tourism sector more than the financial and media sectors, while peaceful elections have a positive effect on tourism and to a smaller extend, the financial sector. Peace initiatives induce a positive effect on tourism. A robust and independent IEBC capable of delivering a credible election is therefore crucial. © 2021 Informa UK Limited, trading as Taylor & Francis Group. en_US
dc.identifier.citation Buigut, S., & Masinde, B. (2022). The Impact of General Elections on Kenya’s Tourism, Financial and Media Sector Stock Returns: An Event Study Approach. Journal of African Business, 23(2), 497-515. https://doi.org/10.1080/15228916.2021.1874793 en_US
dc.identifier.issn 15228916
dc.identifier.uri https://doi.org/10.1080/15228916.2021.1874793
dc.identifier.uri http://hdl.handle.net/20.500.12519/350
dc.language.iso en en_US
dc.publisher Routledge en_US
dc.relation Authors Affiliations : Buigut, S., Faculty of Management, Canadian University Dubai, Dubai, United Arab Emirates; Masinde, B., Department of Computer and Information Science, Linköping University, Linköping, Sweden
dc.relation.ispartofseries Journal of African Business; Volume 23, Issue 2
dc.rights Permission to reuse abstract has been secured from Routledge.
dc.rights.holder Copyright : © 2021 Informa UK Limited, trading as Taylor & Francis Group.
dc.subject event study en_US
dc.subject Kenyan elections en_US
dc.subject nonparametric tests en_US
dc.subject tourism en_US
dc.title The Impact of General Elections on Kenya’s Tourism, Financial and Media Sector Stock Returns: An Event Study Approach en_US
dc.type Article en_US
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