EZEH, UGOCHI LUCY and Covenant University, Theses (2022) DETERMINANTS OF DIVIDEND POLICY IN SELECTED QUOTED NIGERIAN MANUFACTURING COMPANIES. Masters thesis, COVENANT UNIVERSITY.
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Abstract
This research study examined the major determiners of dividend policies of manufacturing organizations in Nigeria. One main objective of this research was discovering how determinants like earnings, liquidity, economic state, plus total assets of the organizations significantly impact all dividend payout ratios of quoted manufacturing organizations in Nigeria. Twenty listed manufacturing organizations were chosen using a simple random sampling method and secondary data was gathered utilizing their financial statement from 2011 till 2020. The fixed effect plus the random effect regression analysis were utilized to estimate all gathered data while other post estimation techniques like the Hausman estimation was used to select between the two estimations that was a best fit for the study. The Hausman estimation selected the fixed effect regression. Therefore, findings from the fixed effect regression showed that earnings and state of the economy were positively significant in impacting dividend payout ratio. Total asset was negatively significant while liquidity was not significant in impacting dividend payout ratio. The research hence recommended, amongst others, that Nigerian manufacturing organizations must build and manage their total assets effectively and efficiently as this would determine and influence their dividend policy decisions.
| Item Type: | Thesis (Masters) |
|---|---|
| Uncontrolled Keywords: | Dividend Policy; Dividend Payout Ratio; Earnings; Liquidity, Manufacturing companies |
| Subjects: | H Social Sciences > HG Finance |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Social Sciences |
| Depositing User: | AKINWUMI |
| Date Deposited: | 26 Oct 2022 16:03 |
| Last Modified: | 26 Oct 2022 16:03 |
| URI: | http://eprints.covenantuniversity.edu.ng/id/eprint/16379 |
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