The changing market efficiency of the Nairobi securities exchange

Njuguna, Josephine M.

doi:10.21511/bbs.11(2).2016.07

Cited by 3 publications

(1 citation statement)

References 28 publications

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“…Similarly, Abou-Moghli, Al Abdallah and Al Muala (2017) found that innovation has a direct positive impact on competitive advantage through its dimensions (time, quality, cost, and flexibility) and that banks should support innovation in all aspects of business and operations. Njuguna (2016) empirically revealed that collaborative networks, innovation, product diversification and business development services have a positive significant relationship with the competitive advantage of SMEs youth enterprises. Furthermore, examined the link between SMEs performance and competitive advantage in Nigeria.…”

Section: Empirical Reviewmentioning

confidence: 99%

Bank Innovation Capability and Competitive Advantage of Small and Medium Scale Enterprises in Nigeria

U¹,

Makinde²,

Akinlabi³

et al. 2021

theijbm

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Bank Innovation Capability and Competitive Advantage ofSmall and Medium Scale Enterprises in Nigeria 1. Introduction Competitive advantage is the heart of a company's performance. It reflects a company's ability to offer consumers greater value either by employing lowering prices or by providing greater benefits and services that justify higher prices. Porter (1985) argues that competitive advantage stems from the many discrete activities a firm performs in designing, producing, marketing, delivering, and supporting its product. Each of these activities can contribute to a firm's relative cost position and create a basis for differentiation. The advantage of the company is grown from the value or benefits that can be created by companies for the buyers. When companies can create excellence through one of the three generic strategies, it will get a competitive advantage (Aaker, 1989). Competitive advantage allows a firm to create superior value for its customers and profits for itself. A firm position itself in the industry through its choice of low cost or differentiation.This decision is a central component of the firm's competitive strategy (Mathenge, 2013).Bank innovations are important vehicles through which banking institutions can turn around performance of small and medium sized enterprises (SMEs) and lead to an incredible change in business performance. Bank/financial innovation is the act of creating and popularizing fresh monetary instruments as well as fresh monetary technologies, institutions, and markets (Cherotich, Sang, Shisia, &Mutung'u, 2015). It involves the design, the development, and the implementation of innovative financial instruments and processes, and the formulation of creative solutions to problems of finance. Bank innovation encompasses institutional, product and process innovations (Alvarez, 2009). Innovation capabilities are the combination of firm abilities to integrate and build resources to develop new products and processes, improve existing products and processes, and new product to market to provide an advantage towards achieving superior performance (Zhang, 2004). Agyei-Mensah (2016) argued that innovationcapability is undoubtedly one primary means by which businesses can adapt to the demands of today's complex and ever-changing business environment.Small and medium sized enterprises around the world encounter constraints and limitations such as limited number of employees, insufficient financial resources, inconsistency in policies, a lack of educational background of the Asikhia, O. U.

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Section: Empirical Reviewmentioning

confidence: 99%

Bank Innovation Capability and Competitive Advantage of Small and Medium Scale Enterprises in Nigeria

U¹,

Makinde²,

Akinlabi³

et al. 2021

theijbm

View full text Add to dashboard Cite

show abstract

B: Financial Instruments and Markets

2017

World Banking Abstracts

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Determinants of Adaptive Behaviour in Stock Market: A Review

Saldanha

Mallikarjunappa²,

Oware

2023

Vision: The Journal of Business Perspective

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This article is an attempt to determine the factors that are involved making the stock market behave in a manner consistent with the Adaptive Market Hypothesis (AMH). We have followed the PRISMA (Preferred Reporting Items for Systematic Reviews and Meta-Analyses) methodology to select appropriate articles that meet our research objectives and carried out a bibliometric analysis to obtain a network visualization map based on keyword co-occurrences. We find that most of the studies have focused primarily on the return predictability aspect of stock returns. We suggest that the methodology should be extended towards incorporating other aspects of adaptive behaviours, such as investor behaviour, cyclical profitability of trading strategies and price–volume relationships in order to get a more comprehensive picture of the nature of adaptive stock markets. The review also demonstrates how the location of the stock market and methodology used in study influences the conclusions drawn regarding the nature of adaptive efficiency.

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The changing market efficiency of the Nairobi securities exchange

Cited by 3 publications

References 28 publications

Bank Innovation Capability and Competitive Advantage of Small and Medium Scale Enterprises in Nigeria

Bank Innovation Capability and Competitive Advantage of Small and Medium Scale Enterprises in Nigeria

B: Financial Instruments and Markets

Determinants of Adaptive Behaviour in Stock Market: A Review

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