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

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dc.contributor.authorBuigut, Steven
dc.contributor.authorMasinde, Brain
dc.date.accessioned2021-03-03T10:05:38Z
dc.date.available2021-03-03T10:05:38Z
dc.date.copyright© 2021
dc.date.issued2022
dc.description.abstractThis 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.citationBuigut, 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/10.1080/15228916.2021.1874793en_US
dc.identifier.issn15228916
dc.identifier.urihttps://doi.org/10.1080/15228916.2021.1874793
dc.identifier.urihttp://hdl.handle.net/20.500.12519/350
dc.language.isoenen_US
dc.publisherRoutledgeen_US
dc.relationAuthors 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.ispartofseriesJournal of African Business; Volume 23, Issue 2
dc.rightsPermission to reuse abstract has been secured from Routledge.
dc.rights.holderCopyright : © 2021 Informa UK Limited, trading as Taylor & Francis Group.
dc.subjectevent studyen_US
dc.subjectKenyan electionsen_US
dc.subjectnonparametric testsen_US
dc.subjecttourismen_US
dc.titleThe Impact of General Elections on Kenya’s Tourism, Financial and Media Sector Stock Returns: An Event Study Approachen_US
dc.typeArticleen_US

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