Several Kenyan mutual funds' financial performance has recently been on the downturn. Overall... more Several Kenyan mutual funds' financial performance has recently been on the downturn. Overall, variations in critical criteria reveal variable economic performance over time among Kenya's mutual funds. It was crucial to assess whether the portfolio performance pattern may be attributed to behavioral investing traps. The objective of this study was to determine how the disposition effect affected the financial performance, and how closely the fund size affected the relationship between behavioral investment traps and mutual funds' performance. The research method used was a causal research design. Data from a study panel were gathered. Over an eleven-year period, from 2011 to 2021, secondary data was obtained from mutual funds' previously published financial statements. Secondary data was acquired using the data collection tool. Data analysis was done with Stata software, version 15. The unit root test, a stationarity test, was carried out. Panel data regression was a...
A decline in financial performance has recently been observed for a number of mutual funds in Ken... more A decline in financial performance has recently been observed for a number of mutual funds in Kenya. Overall, differences in important metrics show inconsistent economic performance among Kenya's mutual funds year over year. It was critical to determine whether overconfidence bias would be to blame for the portfolio performance trend while evaluating this. The goal of this study was to ascertain the impact of overconfidence bias on mutual funds' performance in Kenya and to scrutinize the moderating effect of fund size on the relationship between overconfidence and mutual funds’ portfolio performance in Kenya. The study employed a causal research design. Study panel data were gathered. Secondary information was gathered from previously released financial statements of mutual funds during a period of eleven years, from 2011 to 2021. With the use of the data gathering tool, secondary data was gathered. Stata software version 15 was used to conduct the data analysis. A test for ...
Several Kenyan mutual funds' financial performance has recently been on the downturn. Overall... more Several Kenyan mutual funds' financial performance has recently been on the downturn. Overall, variations in critical criteria reveal variable economic performance over time among Kenya's mutual funds. It was crucial to assess whether the portfolio performance pattern may be attributed to behavioral investing traps. The objective of this study was to determine how the disposition effect affected the financial performance, and how closely the fund size affected the relationship between behavioral investment traps and mutual funds' performance. The research method used was a causal research design. Data from a study panel were gathered. Over an eleven-year period, from 2011 to 2021, secondary data was obtained from mutual funds' previously published financial statements. Secondary data was acquired using the data collection tool. Data analysis was done with Stata software, version 15. The unit root test, a stationarity test, was carried out. Panel data regression was a...
A decline in financial performance has recently been observed for a number of mutual funds in Ken... more A decline in financial performance has recently been observed for a number of mutual funds in Kenya. Overall, differences in important metrics show inconsistent economic performance among Kenya's mutual funds year over year. It was critical to determine whether overconfidence bias would be to blame for the portfolio performance trend while evaluating this. The goal of this study was to ascertain the impact of overconfidence bias on mutual funds' performance in Kenya and to scrutinize the moderating effect of fund size on the relationship between overconfidence and mutual funds’ portfolio performance in Kenya. The study employed a causal research design. Study panel data were gathered. Secondary information was gathered from previously released financial statements of mutual funds during a period of eleven years, from 2011 to 2021. With the use of the data gathering tool, secondary data was gathered. Stata software version 15 was used to conduct the data analysis. A test for ...
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Papers by douglas wafula