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Factors Affecting the Development of the Stock Market: A Case of Dar-Es-Salaam Stock Exchange (DSE)

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dc.contributor.author Shirima, Juvenile
dc.date.accessioned 2018-10-11T11:50:11Z
dc.date.available 2018-10-11T11:50:11Z
dc.date.issued 2018
dc.identifier.uri http://erepo.usiu.ac.ke/11732/4027
dc.description A Project Report submitted to the Chandaria School of Business in Partial Fulfillment of the Requirement for the Masters in Business Administration (MBA) en_US
dc.description.abstract This study was motivated by the need to determine the factors affecting stock market development in Tanzania: To achieve the study objective the study sought to establish how economic, socio –cultural, government regulations affected the development of Dar es Salaam Stock Exchange market. In addition, the study also studied the influence of education and government Regulation on the development of stock Market in Tanzania. The study adopted a descriptive research design. The population of the study was 223 consisting of 176 institutional investors and 47 brokerage firms. The sample size was 114 consisting of 100 institutional investors and 14 brokerage firms. Convenient sampling technique was employed to effectively collect primary data using closed and open-ended questionnaire. Data was analyzed using descriptive and inferential statistics and presented in tables, graphs and charts. SPSS was used as data analysis tool. The study found that economic, socio-cultural and government factors influenced the development of stock market. Economic factors were found to have an effect on the stock market operations. Factors such as increase in interest rate, depreciation of currency, purchasing power or disposable income and increase in the number of sellers affect the prices and demand of the stock securities which eventually affect the development of stock. The study found that socio-cultural factors such as disasters, adverse weather, regime governance and election events among others. The findings on government regulation found that government public awareness programs, government spending, tax laws, subsides and tariffs, government support for local companies and strengthening of banking sector improve stock market development in Dar es Salaam. The study concluded that DSE was affected by the changes in inflation, natural and man-made disasters, terrorism and war. The development of stock was also influenced by the type of political leadership and the extent of advancement of technology. However, geographical location had no influence on the development of stock. To improve the development of stock market in Dar es Salaam, the study suggested that DSE monitors the economic factors such as inflation, interest rate, supply and demand and take appropriate economic advice and decisions to boost growth. Politically, DSE should take advantage of the peaceful a political environment of Tanzania to reduce uncertainties in the stock market. Another factor found to influence stock development was the extent of technological use, it is suggested that DSE innovatively uses technology to reduce cost, time and increase efficiency to boost the growth of the stock at DSE. en_US
dc.language.iso en en_US
dc.publisher United States International University - Africa en_US
dc.subject Development of the Stock Market en_US
dc.subject Dar-Es-Salaam Stock Exchange (DSE) en_US
dc.title Factors Affecting the Development of the Stock Market: A Case of Dar-Es-Salaam Stock Exchange (DSE) en_US
dc.type Thesis en_US


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