IMPACT OF CORPORATE OWNERSHIP STRUCTURE ON DIVIDEND POLICY OF QUOTED CONGLOMERATES IN NIGERIA

Simple item page
dc.contributor.authorAFOLAYAN, Olumuyiwa, Oluwafemi
dc.date.accessioned2016-07-25T09:02:52Z
dc.date.available2016-07-25T09:02:52Z
dc.date.issued2015-12
dc.descriptionBEING A DISSERTATION SUBMITTED TO THE SCHOOL OF POSTGRADUATE STUDIES, AHMADU BELLO UNIVERSITY ZARIA, IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF MASTER OF SCIENCE (M.Sc.) DEGREE IN ACCOUNTING AND FINANCE DEPARTMENT OF ACCOUNTING FACULTY OF ADMINISTRATION AHMADU BELLO UNIVERSITY, ZARIAen_US
dc.description.abstractOwnership structure is considered critical in determining the efficacy of the market by showing the extent of risk diversification of shareholders and possible agency problems encountered in the course of managing the firm. Existing studies have shown that the nature of firm’s ownership structure has a great impact on firm’s performance and dividend policy in particular. However in Nigeria, little has been done in investigating the relationships between various forms of ownerships and dividend policy. This study is therefore aimed at assessing the impact of corporate ownership structure on dividend policy of quoted conglomerates in Nigeria. Correlational research design was used in a sample of five (5) conglomerates using panel data for a period of ten years (2003-2012). The study employed Ordinary Least Squares (OLS) technique of data analysis. The study, after controlling for firm size and leverage, found that ownership structure has significant positive impact on the dividend policy of quoted conglomerates in Nigeria at 99% confidence level. Specifically, the study found that managerial ownership has significant negative impact on the dividend policy of quoted conglomerates in Nigeria. The study also found that institutional ownership has significant positive impact on the dividend policy of quoted conglomerates in Nigeria during the period of the study. Furthermore, the study found that ownership concentration has a significant positive impact on the dividend policy of quoted conglomerates in Nigeria during the period of the study. The study, among others, recommends that government and its relevant agencies should review and increase monitoring on the equity ownership of the managers, due to its significant influence on the dividend policy, which may lead to an increase in the power and control of the managements over the resources of the firm.en_US
dc.identifier.urihttp://hdl.handle.net/123456789/8152
dc.language.isoenen_US
dc.subjectIMPACT,en_US
dc.subjectCORPORATE OWNERSHIP STRUCTURE,en_US
dc.subjectDIVIDEND POLICY,en_US
dc.subjectQUOTED CONGLOMERATES,en_US
dc.subjectNIGERIA,en_US
dc.titleIMPACT OF CORPORATE OWNERSHIP STRUCTURE ON DIVIDEND POLICY OF QUOTED CONGLOMERATES IN NIGERIAen_US
dc.typeThesisen_US
Files
Original bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
IMPACT OF CORPORATE OWNERSHIP STRUCTURE ON DIVIDEND POLICY OF QUOTED CONGLOMERATES IN NIGERIA.pdf
Size:
951.58 KB
Format:
Adobe Portable Document Format
Description:
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.58 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
ADMINISTRATION