DETERMINANTS OF DIVIDEND POLICY IN SELECTED QUOTED NIGERIAN MANUFACTURING COMPANIES

dc.creatorEZEH, UGOCHI LUCY, Covenant University, Theses
dc.date2022
dc.date.accessioned2025-04-08T08:55:11Z
dc.descriptionThis 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.
dc.formatapplication/pdf
dc.identifierhttp://eprints.covenantuniversity.edu.ng/16379/
dc.identifier.urihttps://repository.covenantuniversity.edu.ng/handle/123456789/46164
dc.languageen
dc.subjectHG Finance
dc.titleDETERMINANTS OF DIVIDEND POLICY IN SELECTED QUOTED NIGERIAN MANUFACTURING COMPANIES
dc.typeThesis

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