An Empirical Investigation of the Impact of Dividend Policy on Performance of Quoted Companies in a Developing Economy
| dc.contributor.author | Williams, Harley Tega | |
| dc.date.accessioned | 2022-05-06T09:45:14Z | |
| dc.date.available | 2022-05-06T09:45:14Z | |
| dc.date.issued | 2017-11-22 | |
| dc.description.abstract | This study empirically investigate the impact of dividend policy on performance of quoted companies in a developing economy. The objective of the study was to empirically test some ratio variables likely to affect dividend policy on a multivariate methodology. The sample size of this study was twenty quoted firms in a developing nation actively operating within 2005 to 2016 in the stockmarket. It was deduced that there is a significant positive impact of dividend pay-out ratio (DPS) on return on asset of .176. One percent increase in dividend payout ratio will lead to a corresponding increase on the average of 0.176 in return of asset (ROA). From our analysis, we found out that the coefficient of determination (R2) captured a significant portion of the models applied in the study but model two become stronger. We also found out that there is a positive relationship between ROE and DPS of .540 and the slope of the regression line is .129. This indicate that one percent increase of DPS will lead to a corresponding increase on ROE. The study there concluded that profit after tax should be considered sensitive in relation to dividend payment. | en_US |
| dc.identifier.citation | 7 | en_US |
| dc.identifier.uri | http://dspace.run.edu.ng:8080/jspui/handle/123456789/2736 | |
| dc.language.iso | en | en_US |
| dc.publisher | Singaporean Journal of Business, Economics and management studies (SJBEM) | en_US |
| dc.relation.ispartofseries | 1;7 | |
| dc.subject | Dividend policy | en_US |
| dc.subject | Performance | en_US |
| dc.subject | Return on assets | en_US |
| dc.subject | Regression | en_US |
| dc.title | An Empirical Investigation of the Impact of Dividend Policy on Performance of Quoted Companies in a Developing Economy | en_US |
| dc.type | Article | en_US |