声明
Acknowledgment
Abstract
摘要
Abbreviations List
List of Tables and Figures
List of Figures
Table of Contents
CHAPTER 1：INTRODUCTION
1．1 Background，Objective and Significance of the Research
1．1．1 Overview of the Nairobi Stock Exchange
1．1．2 Objeetive of the Research
1．1．3 Significance of the Research
1．2 Methodology and Content of Research
1．2．1 Research Purpose
1．2．2 Research Design
1．2．3 Collection of Data
1．2．4 Sample Data
1．2．5 Research Questions
1．2．6 Data analysis procedure
1．3 Research Content
CHAPTER 2：BASIC THEORIES AND CONCEPTS
2．1 Literature Review
2．1．1 The meaning and origin of the Global Financial Crisis
2．1．2 Review of literature
2．2 Causes of the Crisis
2．3 Effects of the crisis on Kenya
2．3．1 The crisis on Kenya’s banking system
2．3．2 The crisis on Foreign Direct Investment(FDI)
2．4 The Effect of the crisis on the Kenyan capital market
2．5 Policy Measures adopted by different economies
2．5．1 Maeroeconomic policies to manage the impact of the crisis
2．5．2 Social Policies to respond to the impact of the crisis
CHAPTER 3：THE SCOPE OF THE CAPITAL MARKET
3．1 Capital Market
3．2 Stock market
3．2．1 The Role of the Stock Market
3．2．2 Stock Market Performance Indicators
3．2．3 Challenges of Developing Stock Markets in Africa
3．3 Capital market development in Kenya
3．3．1 Kenyan Stock Market
3．3．2 Kenyan Bonds Market
3．3．3 Kenyan Investment Funds
3．4 Members and Participants in the Kenyan Capital Market
3．4．1 The Capital Markets Authority
3．4．2 Other Participants
3．4．3 Role of the Capital Markets Authority
3．5 The Nairobi Stock Exchange(NSE)
3．5．1 History and Development of the Nairobi Stock Exchange
3．5．2 Structure and Organization of NSE
3．5．3 Nairobi Stock Exchange segments
3．5．4 Functions of the Nairobi Stock Exchange
3．5．5 Challenges facing the NSE
3．5．6 Challenges facing the CMA
3．6 Risk Management
3．6．1 What is risk?
3．6．2 What is risk management?
3．6．3 Why should we bother with risk management?
3．6．4 Risk management systems
3．6．5 Avoiding and minimizing risk
CHAPTER 4：ANALYSIS OF THE GLOBAL FINANCIAL CRISIS ON THE NAIROBI STOCK EXCHANGE
4．1 Data Sources
4．2 Research Variables
4．3 Descriptive statistics for the variables
4．4 Review of the key variables
4．4．1 Market Capitalization
4．4．2 Equity Turnover
4．4．3 Dmestic debt
4．4．4 Gross Domestic Product
4．5 Empirical Model
4．6 Correlations
4．7 Multiple Regression analysis
4．8 Analysis Results
CHAPTER 5：CONCLUSIONS AND RECOMMENDATIONS
5．1 Conclusions
5．2 Discussions on the way forward
5．3 Limitations of the Research
5．4 Recommendations
5．4．1 Strengthen Crisis-preparedness
5．4．2 Improve reporting，accounting and disclosure practices in the NSE
5．4．3 Ensure corporate governance
5．4．4 Enhance financial sovereign and corporate bonds markets
5．4．5 Improving access to financial support
5．4．6 Develop risk management solutions
5．4．7 Recognition and Enhancement of NSE
5．4．8 Enhance Macro-Economic and Political Stability
5．4．9 Lessons to Investors
References
