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Do Earnings Announcement Have an Effect on the Level of Efficiency of The Nairobi Securities Exchange?
Kakiya, Grace; Mugo, Robert; Onyuma, Samuel; Owuor, George; Bosire, Mary (Research Journal of Finance and Accounting, 2013)Capital markets are normally considered to be efficient when prices reflect all the available information. However, there are instances when this information takes several weeks to be incorporated into share prices. This ...