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All Journal Jurnal Akuntansi dan Ekonomi Bisnis
Ramadhan Hussein Kagwandi
Exodus Advisory Services Company Limited, Tanzania
Economics, Econometrics & Finance

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THE IMPACT OF MOBILE TRADING ADOPTION ON FINANCIAL PERFORMANCE AND MARKET VALUATION: EVIDENCE FROM DAR ES SALAAM STOCK EXCHANGE PLC (2018–2024) Issa Ahmed; Ramadhan Hussein Kagwandi; Hamisa Rashid Kuffa; Peace Faustine
Jurnal Akuntansi dan Ekonomi Bisnis Vol. 15 No. 01 (2026): Volume 15 Nomor 01 (April 2026)
Publisher : Politeknik Negeri Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33795/jaeb.v15i01.9523

Abstract

This study assesses whether Dar es Salaam Stock Exchange PLC’s adoption and scaling of the Mobile Trading Platform (“Hisa Kiganjani”) coincided with changes in accounting-based financial performance and market valuation. Using a paired pre–post design, it compares 2017–2020 (pre) with 2022–2025 (post), excluding 2021 as a transition year. Five ratios (CR, ROA, DAR, DER, TATO) are combined into a standardized composite Financial Performance (FP) index, and year-end closing price is used as a proxy for market valuation. With four matched pairs, Wilcoxon signed-rank tests indicate no statistically significant shift in the FP index (W = 2.0, p = 0.375) and a directional but statistically non-significant increase in share price (W = 0.0, p = 0.125). Descriptively, 2025 shows increased mobile participation and turnover alongside trading-rule reforms. Overall results suggest an indicative pattern consistent with a gradual absorption interpretation, where valuation effects strengthen as adoption scales and market design improves, while accounting ratios show no discrete change.
Co-Authors Hamisa Rashid Kuffa Issa Ahmed Peace Faustine