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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Autores principales: Damilola Felix Eluyela, Olajide Dahunsi, Olawumi Ajoke Tolase, Wisdom Okere, Mautin Ogabi, Abiola Kafidipe
Formato: article
Lenguaje:EN
Publicado: Taylor & Francis Group 2019
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Acceso en línea:https://doaj.org/article/27efde60d92045beaee8e2207fa7929a
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spelling 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)
institution DOAJ
collection DOAJ
language EN
topic board size
diversity
dividend payment
gender
panel data
personal traits
Business
HF5001-6182
Management. Industrial management
HD28-70
spellingShingle 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
description 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
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