Dividend Policy. The Effect on the Market Value of Financial Institutions in Nigeria - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Dividend Policy. The Effect on the Market Value of Financial Institutions in Nigeria write by Joan Onyinyechi Njoku. This book was released on 2022-01-07. Dividend Policy. The Effect on the Market Value of Financial Institutions in Nigeria available in PDF, EPUB and Kindle. Master's Thesis from the year 2021 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 75.0, University of Nigeria (faculty of business administration), course: accountancy, language: English, abstract: The study examined the effect of dividend policy on the market value of 24 listed insurance companies using empirical evidence from Nigeria. Objectives of the study is to examine the effect of dividend per share (Dps), dividend pay-out ratio (Dpor), and dividend yield (Dy) on market value per share (Mvps), Net asset per share (Naps) and firm age. Hypotheses of the study were stated in line with the objectives. Data were obtained from financial statements of 10 Insurance firms listed in the floor of the Nigerian stock exchange. The panel data covering a period of eight years from 2011 to 2018 were used. The regression model took the form of the Fixed Effects Model, Random Effects Model, and the Pooled Ordinary Least Square (POLS) model in order to establish the most appropriate regression with the highest explanatory power that is better suited to the data set employed in the study.
The Effect of Taxes on Dividend Policy of Banks in Nigeria
The Effect of Taxes on Dividend Policy of Banks in Nigeria - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Effect of Taxes on Dividend Policy of Banks in Nigeria write by Matthias A. Nnadi. This book was released on 2006. The Effect of Taxes on Dividend Policy of Banks in Nigeria available in PDF, EPUB and Kindle. The study explores the impact of taxes on the dividend policy particularly in banks in Nigeria. The study was set out to examine the relationship of profit, dividend and taxes especially in the banking sector. The research underscores the theoretical assumptions of the Mamp;M theory. The standard multiple regression analysis was applied in testing the hypothesis. The study identified pattern of past dividends, concern about maintaining a target capital structure, current degree of financial leverage, shareholder need for dividend income, legal rules and constraints; such as impairment of capital, the desire to send favourable signals to investors, the desire to conform to the industry's dividend payout among factors influencing dividend policy of banks. The analyses of the study show a significant correlation between taxes and dividend structure of the banks and also suggest that profit is a major variable in the formation of dividend policy of the organisations. This is supported by the hypothesis, which showed significant effect of profit on dividend and a positive correlation between profit, tax and dividend. The finding corroborates the postulations of some financial theorists and recommends capital gains in lieu of dividend for high taxpayers and that an adoption of a dividend policy by banks particularly in Nigeria should be strictly considered based on the unique circumstances of the bank and not necessarily based on age long traditional factors often formulated by academics.
The Effect of Taxes on Dividend Policy of Banks in Nigeria
The Effect of Taxes on Dividend Policy of Banks in Nigeria - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Effect of Taxes on Dividend Policy of Banks in Nigeria write by Meg Akpomi. This book was released on 2010. The Effect of Taxes on Dividend Policy of Banks in Nigeria available in PDF, EPUB and Kindle. The study explores the impact of taxes on the dividend policy of Nigerian banks. It underscores the theoretical assumptions of the Mamp;M theory. The study identified pattern of past dividends, concern about maintaining a target capital structure, current degree of financial leverage, shareholder needs for dividend income, legal rules and constraints; such as impairment of capital, the desire to send favorable signals to investors, the desire to conform to the industry's dividend payout among factors influencing dividend policy of banks. The analyses of the study show a significant correlation between taxes and dividend structure of the banks and also suggest that profit is a major variable in the formation of dividend policy of the organizations. This is supported by the hypothesis, which showed significant effect of profit on dividend and a positive correlation between profit, tax and dividend. The finding corroborates the postulations of some financial theorists and recommends capital gains in lieu of dividend for high taxpayers and that an adoption of a dividend policy by banks particularly in Nigeria should be strictly considered based on the unique circumstances of the bank and not necessarily based on age long traditional factors often formulated by academics.
The Impact of Dividend Policy on Investors' Preferences on Nigeria's Capital Market
The Impact of Dividend Policy on Investors' Preferences on Nigeria's Capital Market - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Impact of Dividend Policy on Investors' Preferences on Nigeria's Capital Market write by Morrison Jostus Turakpe. This book was released on 2020. The Impact of Dividend Policy on Investors' Preferences on Nigeria's Capital Market available in PDF, EPUB and Kindle. In the world of investment, making a good decision could be equated to making good profit, and this has led to the issue around dividend policy which has attracted the attentions of investors and researchers over the years. This study investigated the impact of dividend policy on investors' preferences on Nigeria's capital market. Specifically, the study investigated the relationship between dividend per share, dividend yield, earnings per share and share price as measures for dividend policy, with equity ratio as a measure for investors preferences. Using quasi experimental design, secondary data were sourced from NSE closure of register and the financial reports of 12 firms listed on the Nigerian Stock Exchange for the period 2009-2019. Four hypotheses on the relationship between dividend per share, dividend yield, earnings per share and share price with equity ratio, were tested using the OLS regression analysis. The study found that all the independent variables except share price are negatively and insignificantly related to equity ratio. Nevertheless, the independent variables have combined positive and significant relationship with equity ratio. Therefore, it is concluded that dividend policy impacts on investor's preferences but not without some other external effects. It is therefore recommended that firms should pay attention to their dividend policy especially share price; give detailed information on their dividend policy through their annual report; and investors should look beyond share price to observe other dividend policy variables that may give them information on the future of the stock of interest.
Dividend Policy and Stock Price Volatility
Dividend Policy and Stock Price Volatility - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Dividend Policy and Stock Price Volatility write by David E. Allen. This book was released on 1993. Dividend Policy and Stock Price Volatility available in PDF, EPUB and Kindle.
