Foreign directors, indigenous directors and dividend payout structure in Nigerian deposit money banks
2019
This paper aims to examine the influence foreign and indigenous directors have on
determining firms’ dividend payout structure. The population for this study is the fifteen deposit money banks listed on the Nigerian Stock Exchange. Using a random
sampling technique, a sample of 14 deposit money banks for the 2010 to 2017 period
was taken. The total observations used for the work was 112. The study adopted a panel
data methodology, which was estimated with a random-effect model. It was observed
that a significant relationship exists between foreign directors and the dependent variable (dividend payout structure). The dividend payout structure by dividend per share
of sampled firms was measured. This study will improve analysts and investors’ understanding of dividend policy by giving them insights in identifying the main determinants of dividend policy. For policy makers, this study reinforces the fact that good
corporate governance is important to develop financial markets and improve the firm
value
Keywords; corporate policy, corporate governance, dividend per
share, foreign ownership, panel random effects
JEL Classification; G21, G35, M41
Keywords:
- Correction
- Source
- Cite
- Save
- Machine Reading By IdeaReader
34
References
9
Citations
NaN
KQI