Impact of gender dichotomy on dividend payout policy in listed Nigerian financial services firm
This paper examines the impact of gender dichotomy on dividend payout policy in listed Nigerian financial services firm. A random-panel data methodological approach underpins this study. The study observed an overall panel data of 248 firm-year observations drawn from the sample of 31 financial serv...
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Taylor & Francis Group
2019
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oai:doaj.org-article:27efde60d92045beaee8e2207fa7929a2021-12-02T18:31:21ZImpact of gender dichotomy on dividend payout policy in listed Nigerian financial services firm2331-197510.1080/23311975.2019.1687270https://doaj.org/article/27efde60d92045beaee8e2207fa7929a2019-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2019.1687270https://doaj.org/toc/2331-1975This paper examines the impact of gender dichotomy on dividend payout policy in listed Nigerian financial services firm. A random-panel data methodological approach underpins this study. The study observed an overall panel data of 248 firm-year observations drawn from the sample of 31 financial service firms listed in Nigeria stock exchange between 2010–2017. The findings from the random-panel data regression adopted for the study shows that the presence of female directorship does not significantly influence dividend payout in Nigeria. The rate of dividend payout is highly determined by firm age and their performance. However, we recommend a more diverse board structure, considering the significant effect board size has on dividend payout policy. A more robust and diverse board will create an atmosphere of discipline and control in the organization.Damilola Felix EluyelaOlajide DahunsiOlawumi Ajoke TolaseWisdom OkereMautin OgabiAbiola KafidipeTaylor & Francis Grouparticleboard sizediversitydividend paymentgenderpanel datapersonal traitsBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 6, Iss 1 (2019) |
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board size diversity dividend payment gender panel data personal traits Business HF5001-6182 Management. Industrial management HD28-70 |
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board size diversity dividend payment gender panel data personal traits Business HF5001-6182 Management. Industrial management HD28-70 Damilola Felix Eluyela Olajide Dahunsi Olawumi Ajoke Tolase Wisdom Okere Mautin Ogabi Abiola Kafidipe Impact of gender dichotomy on dividend payout policy in listed Nigerian financial services firm |
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This paper examines the impact of gender dichotomy on dividend payout policy in listed Nigerian financial services firm. A random-panel data methodological approach underpins this study. The study observed an overall panel data of 248 firm-year observations drawn from the sample of 31 financial service firms listed in Nigeria stock exchange between 2010–2017. The findings from the random-panel data regression adopted for the study shows that the presence of female directorship does not significantly influence dividend payout in Nigeria. The rate of dividend payout is highly determined by firm age and their performance. However, we recommend a more diverse board structure, considering the significant effect board size has on dividend payout policy. A more robust and diverse board will create an atmosphere of discipline and control in the organization. |
format |
article |
author |
Damilola Felix Eluyela Olajide Dahunsi Olawumi Ajoke Tolase Wisdom Okere Mautin Ogabi Abiola Kafidipe |
author_facet |
Damilola Felix Eluyela Olajide Dahunsi Olawumi Ajoke Tolase Wisdom Okere Mautin Ogabi Abiola Kafidipe |
author_sort |
Damilola Felix Eluyela |
title |
Impact of gender dichotomy on dividend payout policy in listed Nigerian financial services firm |
title_short |
Impact of gender dichotomy on dividend payout policy in listed Nigerian financial services firm |
title_full |
Impact of gender dichotomy on dividend payout policy in listed Nigerian financial services firm |
title_fullStr |
Impact of gender dichotomy on dividend payout policy in listed Nigerian financial services firm |
title_full_unstemmed |
Impact of gender dichotomy on dividend payout policy in listed Nigerian financial services firm |
title_sort |
impact of gender dichotomy on dividend payout policy in listed nigerian financial services firm |
publisher |
Taylor & Francis Group |
publishDate |
2019 |
url |
https://doaj.org/article/27efde60d92045beaee8e2207fa7929a |
work_keys_str_mv |
AT damilolafelixeluyela impactofgenderdichotomyondividendpayoutpolicyinlistednigerianfinancialservicesfirm AT olajidedahunsi impactofgenderdichotomyondividendpayoutpolicyinlistednigerianfinancialservicesfirm AT olawumiajoketolase impactofgenderdichotomyondividendpayoutpolicyinlistednigerianfinancialservicesfirm AT wisdomokere impactofgenderdichotomyondividendpayoutpolicyinlistednigerianfinancialservicesfirm AT mautinogabi impactofgenderdichotomyondividendpayoutpolicyinlistednigerianfinancialservicesfirm AT abiolakafidipe impactofgenderdichotomyondividendpayoutpolicyinlistednigerianfinancialservicesfirm |
_version_ |
1718377965784399872 |