{"id":"https://openalex.org/W1559853115","doi":"https://doi.org/10.66563/va4hc949","title":"The Effect of Selected Macro-Economic Variables On Bond Market Development In Kenya","display_name":"The Effect of Selected Macro-Economic Variables On Bond Market Development In Kenya","publication_year":2026,"publication_date":"2026-11-11","ids":{"openalex":"https://openalex.org/W1559853115","doi":"https://doi.org/10.66563/va4hc949","mag":"1559853115"},"language":"en","primary_location":{"id":"doi:10.66563/va4hc949","doi":"https://doi.org/10.66563/va4hc949","is_oa":true,"landing_page_url":"https://doi.org/10.66563/va4hc949","pdf_url":null,"source":{"id":"https://openalex.org/S7407063297","display_name":"DBA Africa Management Review","issn_l":"2224-2023","issn":["2224-2023"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I12859529","host_organization_name":"University of Nairobi","host_organization_lineage":["https://openalex.org/I12859529"],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"DBA Africa Management Review","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://doi.org/10.66563/va4hc949","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5011322488","display_name":"Ogilo Fredrick","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Fredrick Ogilo","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5011322488"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":6,"citation_normalized_percentile":{"value":0.0,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":87,"max":95},"biblio":{"volume":"4","issue":"2","first_page":"54","last_page":"62"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.6381999850273132,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.6381999850273132,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14317","display_name":"Finance, Markets, and Regulation","score":0.3118000030517578,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11496","display_name":"Credit Risk and Financial Regulations","score":0.011800000444054604,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/bond-market-development","display_name":"bond market development","score":0.9879999756813049},{"id":"https://openalex.org/keywords/macroeconomic-factors","display_name":"macroeconomic factors","score":0.9779999852180481},{"id":"https://openalex.org/keywords/exchange-rates","display_name":"exchange rates","score":0.9480000138282776},{"id":"https://openalex.org/keywords/interest-rates","display_name":"interest rates","score":0.9670000076293945},{"id":"https://openalex.org/keywords/gdp-per-capita","display_name":"GDP per capita","score":0.996999979019165},{"id":"https://openalex.org/keywords/purchasing-power-parity","display_name":"purchasing power parity","score":0.8360000252723694},{"id":"https://openalex.org/keywords/fiscal-policy","display_name":"fiscal policy","score":0.9100000262260437},{"id":"https://openalex.org/keywords/bank-size","display_name":"bank size","score":0.824999988079071},{"id":"https://openalex.org/keywords/exports","display_name":"exports","score":0.9940000176429749},{"id":"https://openalex.org/keywords/kenya","display_name":"Kenya","score":0.8230000138282776}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6888384819030762},{"id":"https://openalex.org/C109888216","wikidata":"https://www.wikidata.org/wiki/Q82135","display_name":"Purchasing power parity","level":3,"score":0.6830917000770569},{"id":"https://openalex.org/C197142791","wikidata":"https://www.wikidata.org/wiki/Q540626","display_name":"Bond market","level":2,"score":0.6076235771179199},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.5823931694030762},{"id":"https://openalex.org/C69738904","wikidata":"https://www.wikidata.org/wiki/Q11693","display_name":"Bond","level":2,"score":0.5614277720451355},{"id":"https://openalex.org/C182306322","wikidata":"https://www.wikidata.org/wiki/Q1779371","display_name":"Order (exchange)","level":2,"score":0.5006732940673828},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4734092652797699},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.47297587990760803},{"id":"https://openalex.org/C2776542561","wikidata":"https://www.wikidata.org/wiki/Q271969","display_name":"Purchasing power","level":2,"score":0.45433953404426575},{"id":"https://openalex.org/C127598652","wikidata":"https://www.wikidata.org/wiki/Q558635","display_name":"Per capita","level":3,"score":0.41540247201919556},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.34663981199264526},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.333727091550827},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.11439922451972961},{"id":"https://openalex.org/C149923435","wikidata":"https://www.wikidata.org/wiki/Q37732","display_name":"Demography","level":1,"score":0.0},{"id":"https://openalex.org/C2908647359","wikidata":"https://www.wikidata.org/wiki/Q2625603","display_name":"Population","level":2,"score":0.0},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.66563/va4hc949","doi":"https://doi.org/10.66563/va4hc949","is_oa":true,"landing_page_url":"https://doi.org/10.66563/va4hc949","pdf_url":null,"source":{"id":"https://openalex.org/S7407063297","display_name":"DBA Africa Management Review","issn_l":"2224-2023","issn":["2224-2023"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I12859529","host_organization_name":"University of Nairobi","host_organization_lineage":["https://openalex.org/I12859529"],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"DBA Africa Management Review","raw_type":"journal-article"},{"id":"mag:1559853115","doi":null,"is_oa":false,"landing_page_url":"http://journals.uonbi.ac.ke/damr/article/download/1236/1051","pdf_url":null,"source":{"id":"https://openalex.org/S2764936104","display_name":"DBA-Africa Management Review","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"DBA-Africa Management Review","raw_type":null}],"best_oa_location":{"id":"doi:10.66563/va4hc949","doi":"https://doi.org/10.66563/va4hc949","is_oa":true,"landing_page_url":"https://doi.org/10.66563/va4hc949","pdf_url":null,"source":{"id":"https://openalex.org/S7407063297","display_name":"DBA Africa Management Review","issn_l":"2224-2023","issn":["2224-2023"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I12859529","host_organization_name":"University of Nairobi","host_organization_lineage":["https://openalex.org/I12859529"],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"DBA Africa Management Review","raw_type":"journal-article"},"sustainable_development_goals":[{"score":0.7257999777793884,"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":25,"referenced_works":["https://openalex.org/W141809338","https://openalex.org/W1492127447","https://openalex.org/W1544542146","https://openalex.org/W1566344170","https://openalex.org/W1583013028","https://openalex.org/W1765051938","https://openalex.org/W1977616929","https://openalex.org/W1978352128","https://openalex.org/W1980723840","https://openalex.org/W2022343212","https://openalex.org/W2029056003","https://openalex.org/W2045518094","https://openalex.org/W2077791698","https://openalex.org/W2083148578","https://openalex.org/W2096599169","https://openalex.org/W2108491286","https://openalex.org/W2116988722","https://openalex.org/W2131773668","https://openalex.org/W2136893259","https://openalex.org/W2143833123","https://openalex.org/W2154127363","https://openalex.org/W2752617332","https://openalex.org/W2890811224","https://openalex.org/W2972163492","https://openalex.org/W3122597312"],"related_works":["https://openalex.org/W2606794038","https://openalex.org/W2563540441","https://openalex.org/W3081815941","https://openalex.org/W4316088185","https://openalex.org/W3197596129","https://openalex.org/W2943770649","https://openalex.org/W4396874288","https://openalex.org/W4387670038","https://openalex.org/W3009081908","https://openalex.org/W2605180770"],"abstract_inverted_index":{"This":[0],"study":[1,78],"sought":[2],"to":[3,24,40,70,168,184],"investigate":[4],"the":[5,27,42,48,72,75,157,163,173,186],"effect":[6,28,90,187],"of":[7,29,47,74,188],"selected":[8],"macro":[9],"economic":[10,109],"variables":[11,31,160,193],"on":[12,32,91,156],"bond":[13,33,49,53,92,143,174],"market":[14,34,54,93,144],"development":[15,46,94],"in":[16,55,166,172,182],"Kenya.":[17],"A":[18,176],"causal":[19],"research":[20],"design":[21],"was":[22,38,57,60,68],"used":[23,39,69],"find":[25],"out":[26,80],"macroeconomic":[30,43,190],"development.":[35,145],"Secondary":[36],"data":[37],"model":[41],"factors":[44],"influencing":[45],"market.":[50,175],"The":[51,77],"entire":[52],"Kenya":[56],"covered.":[58],"Data":[59],"analyzed":[61],"using":[62],"descriptive":[63],"and":[64,85,100,135,191],"regression":[65],"analysis.":[66],"T-test":[67],"interpret":[71],"significance":[73],"relationship.":[76],"found":[79],"that":[81,127,150],"bank":[82],"size,":[83],"exports":[84],"fiscal":[86],"policy":[87,164],"had":[88,104,118],"no":[89],"while":[95],"exchange":[96,128],"rate,":[97,129,131],"interest":[98,130],"rate":[99],"GDP":[101,113,132,136],"per":[102,133],"capita":[103,134],"a":[105,119],"positive":[106],"effect.":[107,121],"However,":[108],"size":[110],"measured":[111],"as":[112],"at":[114,137],"purchasing":[115,138],"power":[116,139],"parity":[117,140],"negative":[120],"It":[122,146],"can":[123],"therefore":[124,148],"be":[125,154,180],"concluded":[126],"do":[141],"affect":[142],"is":[147],"recommended":[149],"more":[151,170],"focus":[152],"should":[153],"given,":[155],"four":[158],"main":[159],"identified,":[161],"by":[162,196],"makers":[165],"order":[167,183],"spur":[169],"growth":[171],"further":[177],"investigation":[178],"would":[179],"necessary":[181],"establish":[185],"other":[189],"institutional":[192],"not":[194],"covered":[195],"this":[197],"study.":[198]},"counts_by_year":[{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":1}],"updated_date":"2026-11-12T12:28:57.059296","created_date":"2016-06-24T00:00:00"}
