- Title: Mr
- Position: PhD Student - Department of Applied Finance and Actuarial Studies
- Load: PhD Student Full Time
- Principal supervisor: Associate Professor Geoff Loudon
- Associate supervisor: Dr Edward Watt
- Date of submission: 01/08/2016
- Thesis title:
- Abstract: The need for the sustained provision of long term funding that is required to stimulate corporate sector growth have led nations to develop stock markets. Stock market investors need an appreciation of the structure of a given market as they embark on their risk-return tradeoffs. The risk that equity investors on the Ghana Stock Exchange (GSE) are exposed to is most likely to be different from what pertains in other emerging markets within and without sub-Saharan Africa but there is a dearth of knowledge on the GSE’s risk-return characteristics. This study investigates the characteristics of the GSE and their implications for global portfolio diversification. It examines the severity of thin trading on the GSE and its insinuations for market risks and returns. It will also analyse the impact of firm fundamentals on equity returns on the GSE. The degree of integration between the GSE and the global financial market would also be investigated. It will find out the effect of market barriers on the GSEs performance. The study will utilize regression and factor analysis techniques. Weekly stock market data would be used. The study will make recommendations towards improving the performance of the GSE.