The Impact Of Dividend Policy On Investors Preferences On Nigerias Capital Market PDF Download
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| Author | : Morrison Jostus Turakpe |
| Publisher | : |
| Total Pages | : 15 |
| Release | : 2020 |
| Genre | : |
| ISBN | : |
Download The Impact of Dividend Policy on Investors' Preferences on Nigeria's Capital Market Book 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.
| Author | : Joan Onyinyechi Njoku |
| Publisher | : GRIN Verlag |
| Total Pages | : 91 |
| Release | : 2022-01-07 |
| Genre | : Business & Economics |
| ISBN | : 3346567745 |
Download Dividend Policy. The Effect on the Market Value of Financial Institutions in Nigeria Book 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.
| Author | : Isaac Olusola Dada |
| Publisher | : |
| Total Pages | : 228 |
| Release | : 2003 |
| Genre | : Business & Economics |
| ISBN | : |
Download The Nigerian Capital Market Book in PDF, ePub and Kindle
Contents: securities market management in an emerging market; the Nigerian capital market, opportunities and challenges; perspectives on the development of the capital market in Nigeria; the impact of the central securities clearing system on the development of the capital market; the role of domestic and international capital markets in the re-capitalisation of banks in Nigeria; dealing in securities and maximising profit through trading in rights issues; assisting public sector resource managers to access captial markets; the role of the stockbroker; effective pricing of securities in the secondary market; mobilisation of resources; the role of the corporate finance officer; privatisation of public enterprises in Nigeria; the potential impact of the 1999 Federal Government budget on the Nigerian capital market; the investment climate in Nigeria; the case for foreign investment in the Nigerian Wire and Cable companies; and the church and investment.
| Author | : John Okey Onoh |
| Publisher | : |
| Total Pages | : 21 |
| Release | : 2016 |
| Genre | : |
| ISBN | : |
Download Semi-Strong Market Efficiency Studies of the Nigerian Capital Market Using Dividend Announcements Book in PDF, ePub and Kindle
The study applies simple regression model to know the impact of dividend on share prices using software packages such as E-views and MS-Excel 2007 model in investigating to find out if the Nigerian stock market reacts efficiently to dividend announcements in terms of price adjustments. In capturing reactions around the 3-day, 21-day and 61-day windows before and after the announcements, the study considered the level of the speed of adjustment of share prices to the announcement of dividend payments. In so doing earnings and dividend announcements are found to concurrently announced unlike in developed capital markets. Since the studies indicate a drift in share prices 30 days after announcements The CERs for the 3-day, 21-day and 60-day event windows are positive and statistically significant for dividend announcements. This shows that the Nigerian Stock Market does not react efficiently to dividend announcements in terms of prices adjustments and also does not adjust to announced changes in dividend policies by the Nigerian companies. Overall, this provides evidence that the Nigerian stock market is not semi-strong efficient, that dividend policy matters and that share prices do react to dividend announcements. The findings support semi-strong market inefficiencies found by Olowe (1998) and Oludoyi (1999) from stock splits and earnings announcements, respectively.
| Author | : Jack D. Glen |
| Publisher | : World Bank Publications |
| Total Pages | : 40 |
| Release | : 1995 |
| Genre | : Business & Economics |
| ISBN | : |
Download Dividend Policy and Behavior in Emerging Markets Book in PDF, ePub and Kindle
| Author | : David E. Allen |
| Publisher | : |
| Total Pages | : 36 |
| Release | : 1993 |
| Genre | : Dividends |
| ISBN | : 9781863422581 |
Download Dividend Policy and Stock Price Volatility Book in PDF, ePub and Kindle
| Author | : Myron J Gordon |
| Publisher | : Hassell Street Press |
| Total Pages | : 280 |
| Release | : 2021-09-09 |
| Genre | : |
| ISBN | : 9781014228802 |
Download The Investment, Financing, and Valuation of the Corporation. -- Book in PDF, ePub and Kindle
This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. To ensure a quality reading experience, this work has been proofread and republished using a format that seamlessly blends the original graphical elements with text in an easy-to-read typeface. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
| Author | : |
| Publisher | : |
| Total Pages | : 83 |
| Release | : 2007 |
| Genre | : Corporations |
| ISBN | : 9781846632563 |
Download Payout Policy Book in PDF, ePub and Kindle
Dividend policy continues to be among the premier unsolved puzzles in finance. A number of theories have been advanced to explain dividend policy. This e-book briefly reviews the principal theories of payout policy and dividend policy and summarizes the empirical evidence on these theories. Empirical evidence is equivocal and the search for new explanation for dividends continues.
| Author | : Nicholas Tsounis |
| Publisher | : Springer |
| Total Pages | : 869 |
| Release | : 2017-06-07 |
| Genre | : Business & Economics |
| ISBN | : 3319484540 |
Download Advances in Applied Economic Research Book in PDF, ePub and Kindle
This proceedings volume aims to provide new research methods, theories and applications from various areas of applied economic research. Featuring papers from the 2016 International Conference on Applied Economics (ICOAE) organized by the University of Nicosia and the Western Macedonia University of Applied Sciences, this volume presents cutting edge research from all areas of economic science that use applied econometrics as the method of analysis. It also features country specific studies with specific economic policy analyses and proposals. Applied economics is a rapidly growing field of economics that combines economic theory with econometrics to analyse economic problems of the real world usually with economic policy interest. ICOAE is an annual conference started in 2008 with the aim to bring together economists from different fields of applied economic research in order to share methods and ideas. The goal of the conference and the enclosed papers is to allow for an exchange of experiences with different applied econometric methods and to promote joint initiatives among well-established fields likemacro- and microeconomics, international economics, finance, agricultural economics, health economics, education economics, international trade theory and management and marketing strategies. Featuring global contributions, this book will be of interest to researchers, academics, professionals and policy makers in the field of applied economics and econometrics.
| Author | : Aurora Ferrari |
| Publisher | : World Bank Publications |
| Total Pages | : 104 |
| Release | : 2007 |
| Genre | : Business & Economics |
| ISBN | : 0821369903 |
Download Access to Financial Services in Nepal Book in PDF, ePub and Kindle
The publication presents the results of an access to financial services survey administered to Nepali households in 2005 and explains what hinders access by low income households and small businesses to financial institutions. The obstacles are identified on the basis of an in-depth analysis of the performance of the microfinance sector and of selected banks.
