{"id":"https://openalex.org/W3122394461","doi":null,"title":"Factors Influencing Individual Investor Behaviour During Initial Public Offers in Kenya","display_name":"Factors Influencing Individual Investor Behaviour During Initial Public Offers in Kenya","publication_year":2014,"publication_date":"2014-08-18","ids":{"openalex":"https://openalex.org/W3122394461","mag":"3122394461"},"language":"en","primary_location":{"id":"pmh:oai:ojs.localhost:article/26297","doi":null,"is_oa":true,"landing_page_url":"http://iiste.org/Journals/index.php/RJFA/article/view/26297","pdf_url":"http://iiste.org/Journals/index.php/RJFA/article/view/26297","source":{"id":"https://openalex.org/S4306401197","display_name":"Journals & Books Hosting (International Knowledge Sharing Platform)","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":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Research Journal of Finance and Accounting; Vol 6, No 20 (2015); 22-30","raw_type":"info:eu-repo/semantics/article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"http://iiste.org/Journals/index.php/RJFA/article/view/26297","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5022884175","display_name":"Antony Wahome Ndirangu","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I263567798","display_name":"South Eastern Kenya University","ror":"https://ror.org/02w403504","country_code":"KE","type":"education","lineage":["https://openalex.org/I263567798"]},{"id":"https://openalex.org/I26805570","display_name":"Jomo Kenyatta University of Agriculture and Technology","ror":"https://ror.org/015h5sy57","country_code":"KE","type":"education","lineage":["https://openalex.org/I26805570"]}],"countries":["KE"],"is_corresponding":false,"raw_author_name":"Antony Wahome Ndirangu","raw_affiliation_strings":["Jomo Kenyatta University of Agriculture and Technology","South Eastern Kenya University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Jomo Kenyatta University of Agriculture and Technology","institution_ids":["https://openalex.org/I26805570"]},{"raw_affiliation_string":"South Eastern Kenya University","institution_ids":["https://openalex.org/I263567798"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5080024643","display_name":"Barrack Otieno Ouma","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I250207469","display_name":"Mount Kenya University","ror":"https://ror.org/04kq7tf63","country_code":"KE","type":"education","lineage":["https://openalex.org/I250207469"]}],"countries":["KE"],"is_corresponding":false,"raw_author_name":"Barrack Otieno Ouma","raw_affiliation_strings":["mount kenya university"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"mount kenya university","institution_ids":["https://openalex.org/I250207469"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5019215927","display_name":"Felix Gad Munyaka","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I26805570","display_name":"Jomo Kenyatta University of Agriculture and Technology","ror":"https://ror.org/015h5sy57","country_code":"KE","type":"education","lineage":["https://openalex.org/I26805570"]}],"countries":["KE"],"is_corresponding":false,"raw_author_name":"Felix Gad Munyaka","raw_affiliation_strings":["Jomo Kenyatta University  of Agriculture and Technology"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Jomo Kenyatta University  of Agriculture and Technology","institution_ids":["https://openalex.org/I26805570"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":1.173,"has_fulltext":true,"cited_by_count":7,"citation_normalized_percentile":{"value":0.83499409,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":87,"max":96},"biblio":{"volume":"6","issue":"20","first_page":"22","last_page":"30"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.7202000021934509,"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"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.7202000021934509,"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/T13744","display_name":"Financial Literacy and Behavior","score":0.18379999697208405,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10517","display_name":"Financial Literacy, Pension, Retirement Analysis","score":0.03660000115633011,"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/initial-public-offerings","display_name":"initial public offerings","score":0.890999972820282},{"id":"https://openalex.org/keywords/investor-awareness","display_name":"investor awareness","score":0.6629999876022339},{"id":"https://openalex.org/keywords/risk-aversion","display_name":"risk aversion","score":0.7699999809265137},{"id":"https://openalex.org/keywords/gender-differences-in-investment","display_name":"gender differences in investment","score":0.7089999914169312},{"id":"https://openalex.org/keywords/investor-protection-regulation","display_name":"investor protection regulation","score":0.7369999885559082},{"id":"https://openalex.org/keywords/nairobi-securities-exchange","display_name":"Nairobi Securities Exchange","score":0.6589999794960022}],"concepts":[{"id":"https://openalex.org/C12559387","wikidata":"https://www.wikidata.org/wiki/Q185142","display_name":"Initial public offering","level":2,"score":0.8874486088752747},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6275119185447693},{"id":"https://openalex.org/C199728807","wikidata":"https://www.wikidata.org/wiki/Q2578557","display_name":"Equity (law)","level":2,"score":0.5588062405586243},{"id":"https://openalex.org/C110875604","wikidata":"https://www.wikidata.org/wiki/Q75","display_name":"The Internet","level":2,"score":0.5321114659309387},{"id":"https://openalex.org/C181622380","wikidata":"https://www.wikidata.org/wiki/Q26911","display_name":"Profit (economics)","level":2,"score":0.5246610641479492},{"id":"https://openalex.org/C90994476","wikidata":"https://www.wikidata.org/wiki/Q486901","display_name":"Secondary market","level":3,"score":0.4976854622364044},{"id":"https://openalex.org/C2777382242","wikidata":"https://www.wikidata.org/wiki/Q6017816","display_name":"Index (typography)","level":2,"score":0.46768930554389954},{"id":"https://openalex.org/C187651312","wikidata":"https://www.wikidata.org/wiki/Q114","display_name":"Kenya","level":2,"score":0.4533008337020874},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.44389069080352783},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.44016632437705994},{"id":"https://openalex.org/C143910263","wikidata":"https://www.wikidata.org/wiki/Q750458","display_name":"Capital market","level":2,"score":0.4226868450641632},{"id":"https://openalex.org/C24845683","wikidata":"https://www.wikidata.org/wiki/Q178651","display_name":"Interview","level":2,"score":0.4214820861816406},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.39438727498054504},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.31283438205718994},{"id":"https://openalex.org/C200870193","wikidata":"https://www.wikidata.org/wiki/Q11691","display_name":"Stock exchange","level":2,"score":0.2957272529602051},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.09713682532310486},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C136764020","wikidata":"https://www.wikidata.org/wiki/Q466","display_name":"World Wide Web","level":1,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"pmh:oai:ojs.localhost:article/26297","doi":null,"is_oa":true,"landing_page_url":"http://iiste.org/Journals/index.php/RJFA/article/view/26297","pdf_url":"http://iiste.org/Journals/index.php/RJFA/article/view/26297","source":{"id":"https://openalex.org/S4306401197","display_name":"Journals & Books Hosting (International Knowledge Sharing Platform)","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":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Research Journal of Finance and Accounting; Vol 6, No 20 (2015); 22-30","raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.913.361","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.913.361","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://www.iiste.org/Journals/index.php/RJFA/article/download/26297/26973/","raw_type":"text"},{"id":"mag:1833452854","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID2482358_code2285373.pdf?abstractid=2482358&mirid=1","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},{"id":"mag:3122394461","doi":null,"is_oa":false,"landing_page_url":"http://ijecm.co.uk/wp-content/uploads/2014/08/2817.pdf","pdf_url":null,"source":{"id":"https://openalex.org/S2764670906","display_name":"Research Journal of Finance and Accounting","issn_l":"2222-1697","issn":["2222-1697","2222-2847"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["anvur-scientific"],"host_organization":"https://openalex.org/P4310320723","host_organization_name":"IISTE","host_organization_lineage":["https://openalex.org/P4310320723"],"host_organization_lineage_names":["IISTE"],"type":"journal"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"Research Journal of Finance and Accounting","raw_type":null}],"best_oa_location":{"id":"pmh:oai:ojs.localhost:article/26297","doi":null,"is_oa":true,"landing_page_url":"http://iiste.org/Journals/index.php/RJFA/article/view/26297","pdf_url":"http://iiste.org/Journals/index.php/RJFA/article/view/26297","source":{"id":"https://openalex.org/S4306401197","display_name":"Journals & Books Hosting (International Knowledge Sharing Platform)","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":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Research Journal of Finance and Accounting; Vol 6, No 20 (2015); 22-30","raw_type":"info:eu-repo/semantics/article"},"sustainable_development_goals":[],"study_designs":[{"id":"https://openalex.org/study-designs/observational-study","display_name":"Observational Study"}],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W3122394461.pdf","grobid_xml":"https://content.openalex.org/works/W3122394461.grobid-xml"},"referenced_works_count":15,"referenced_works":["https://openalex.org/W1484799109","https://openalex.org/W1754742701","https://openalex.org/W1916722811","https://openalex.org/W2051084274","https://openalex.org/W2099465598","https://openalex.org/W2106798814","https://openalex.org/W2131773668","https://openalex.org/W2138293190","https://openalex.org/W2141433594","https://openalex.org/W2154585860","https://openalex.org/W2156109180","https://openalex.org/W3021889044","https://openalex.org/W3122464274","https://openalex.org/W3124986135","https://openalex.org/W3126114056"],"related_works":["https://openalex.org/W1833452854","https://openalex.org/W7096330811","https://openalex.org/W7101045669","https://openalex.org/W3093928393","https://openalex.org/W2224917466","https://openalex.org/W4409878218","https://openalex.org/W2990249581","https://openalex.org/W4408109763","https://openalex.org/W2621130547","https://openalex.org/W337033529"],"abstract_inverted_index":{"Kenyan":[0,29],"equity":[1],"market":[2,40],"exhibits":[3],"trends":[4],"of":[5,28,78,142,154,171],"over-subscriptions":[6],"during":[7,52],"Initial":[8],"Public":[9],"Offer":[10],"in":[11,18,22,129,151,176,189],"the":[12,15,23,58,70,88,96,112,119,132,140,148,164,190],"recent":[13],"years.Though":[14],"profit":[16],"gains":[17],"IPOs":[19],"are":[20,32,106,114,134],"dismal":[21],"short":[24,34],"run":[25],"and":[26,80,83,93,131,168,186],"majority":[27],"retail":[30,59,182],"investors":[31,60,66,183],"also":[33],"term,":[35],"there":[36,43],"still":[37],"exists":[38],"a":[39,124,155],"rush":[41],"whenever":[42],"is":[44,69,160],"an":[45],"IPO":[46,92],"issue.Descriptive":[47],"research":[48],"design":[49],"was":[50,144],"applied":[51],"this":[53],"survey":[54],"which":[55],"involved":[56],"interviewing":[57],"at":[61,95],"NSE.The":[62],"study":[63],"established":[64],"that":[65,104],"feel":[67],"awareness":[68,84],"most":[71],"important":[72,162],"factor":[73],"before":[74],"making":[75],"investment":[76,94],"decision.Adoption":[77],"internet":[79],"mobile":[81],"marketing":[82],"program":[85],"will":[86],"enhance":[87],"public":[89],"knowledge":[90],"on":[91],"stock":[97],"exchange.In":[98],"general,":[99],"it":[100],"has":[101],"been":[102],"observed":[103],"women":[105],"more":[107,115],"risk":[108,116,135],"averse":[109],"than":[110,118],"men,":[111],"young":[113],"seeking":[117],"old,":[120],"wealthier":[121],"individuals":[122],"manifest":[123],"greater":[125],"willingness":[126],"to":[127,137,146,180],"invest":[128],"equities":[130],"poor":[133],"averse.Access":[136],"information":[138],"about":[139],"performance":[141],"companies":[143],"suggested":[145],"be":[147],"key":[149],"element":[150],"stakeholder":[152],"recognition":[153],"company's":[156],"share":[157],"index":[158],"performance.Internet":[159],"increasingly":[161],"since":[163],"web":[165],"gives":[166],"better":[167],"freer":[169],"exchange":[170],"information.Finally,":[172],"CMA":[173],"should":[174],"put":[175],"place":[177],"stringent":[178],"regulations":[179],"protect":[181],"from":[184],"fraudulent":[185],"unhealthy":[187],"practices":[188],"market.":[191]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2015,"cited_by_count":2}],"updated_date":"2026-11-11T12:16:26.678958","created_date":"2021-02-01T00:00:00"}