Determinants Of market Efficiency Of Ethiopian Commodity Exchange The Case Of Sesame Trade
| dc.contributor.advisor | Workineh, Mesfin (PhD) | |
| dc.contributor.author | Kassaye, Mekdes | |
| dc.date.accessioned | 2019-11-07T08:03:26Z | |
| dc.date.accessioned | 2023-11-04T14:08:14Z | |
| dc.date.available | 2019-11-07T08:03:26Z | |
| dc.date.available | 2023-11-04T14:08:14Z | |
| dc.date.issued | 2019-06 | |
| dc.description.abstract | The Ethiopian commodity exchange (ECX) is the one and only modern market in Ethiopia that launched trading operation in April 2008, with contracts traded in coffee, sesame, maize, wheat & beans. The ECX market plays a vital role in Ethiopian economy. It is a leading market place where buyers and sellers come together to trade, assured of quality, delivery & payment. Efficiency is one of cost benefits analysis measurement tools that are used to determine by some factors. Among the determinants, marketing risk, marketing cost, product quality, information transmission media, transaction risk, payment method and market efficiency has been used for this study. The researcher has tried to find out if the above mentioned factors really determine market efficiency. The purpose of this paper is to explore the determinants of market efficiency in this commodity market specific to sesame trade. In order to address its objectives, the research has generally set conceptual framework. This study used both primary and secondary sources of data. It employed explanatory type of research. The target population of the study are employees and traders of ECX. Measuring of data in the realm of qualitative and quantitative research methods, questionnaire and interview data analysis have been employed respectively which was analyzed using SPSS. In addition, simple random sampling has been used to analyze data collected through questionnaires of ECX employees and for confirmation purpose, 10 market actors (in this case traders) have been involved in the study through interview questions. The finding of the study shows that there is a direct relationship between the variables. All of them are found to be the determinants of market efficiency. The researcher recommended ECX to collaborate with supportive institutions like Ethio-Telecom, and also to work with the concerned stakeholders. It is also advisable to share experiences of other successful countries in commodity market. | en_US |
| dc.identifier.uri | http://etd.aau.edu.et/handle/123456789/19981 | |
| dc.language.iso | en_US | en_US |
| dc.publisher | Addis Ababa University | en_US |
| dc.subject | Commodity exchange | en_US |
| dc.subject | ECX | en_US |
| dc.subject | Statistical Package for Social Science | en_US |
| dc.title | Determinants Of market Efficiency Of Ethiopian Commodity Exchange The Case Of Sesame Trade | en_US |
| dc.type | Thesis | en_US |