Published June 27, 2022 | Version v1

EFFECT OF OWNERSHIP STRUCTURE ON DIVIDEND PER SHARE OF FOOD PRODUCTION COMPANIES IN NIGERIA

Authors/Creators

  • 1. Department of Accountancy, Nnamdi Azikiwe University, Awka

Description

Abstract: This study is to determined the effect of ownership structure on dividend per share of food production companies in Nigeria. Ex-Post Facto research design was adopted for the study. The population of the study consists of seven food production companies in Nigeria. Data were extracted from the sampled companies and were analyzed and tested with regression analysis to ascertain the significant effect between the dependent and independent variable. The result shows that the family ownership and firm leverage have a positive effect on dividend per share of food production companies in Nigeria. The study therefore recommended that by appointing members of families to high management and board representation posts, family shareholders can therefore keep an eye on managers to reduce agency problems or conflicts in the organization.

Keywords: Ownership structure, Family ownership and Dividend per share.

Title: EFFECT OF OWNERSHIP STRUCTURE ON DIVIDEND PER SHARE OF FOOD PRODUCTION COMPANIES IN NIGERIA

Author: Okerekeoti, Chinedu U

International Journal of Recent Research in Social Sciences and Humanities (IJRRSSH)

ISSN 2349-7831

Vol. 9, Issue 2, April 2022 - June 2022

Page No: 288-296

Paper Publications

Website: www.paperpublications.org

Published Date: 27-June-2022

DOI: https://doi.org/10.5281/zenodo.6759719

Paper Download Link (Source)

https://www.paperpublications.org/upload/book/EFFECT%20OF%20OWNERSHIP%20STRUCTURE-27062022-3.pdf

Notes

International Journal of Recent Research in Social Sciences and Humanities (IJRRSSH), ISSN 2349-7831, Paper Publications, Website: www.paperpublications.org

Files

EFFECT OF OWNERSHIP STRUCTURE-27062022-3.pdf

Files (637.5 kB)

Name Size Download all
md5:213e6a1a93ed1aaff38af20dc2c2ab56
637.5 kB Preview Download

Additional details

Related works

Is derived from
Journal article: https://www.paperpublications.org/upload/book/EFFECT%20OF%20OWNERSHIP%20STRUCTURE-27062022-3.pdf (URL)
Is published in
Journal article: 2349-7831 (ISSN)

References

  • [1] Abdullah, H., and Tursoy, T. (2019). Capital structure and firm performance: evidence of Germany under IFRS adoption. Review of Managerial Science, 15(2), 379-398.
  • [2] Abdullah, H., and Fatah, N. (2020). The effect of the COVID-19 pandemic on capital stock gains: evidence of large stock exchanges. Third scientific international conference of Al-Mustansiriyah University, Baghdad
  • [3] Abdullah, H. (2021). Profitability and Leverage as Determinants of Dividend Policy: Evidence of Turkish Financial Firms. Online at https://mpra.ub.uni-muenchen.de/112134/MPRA Paper No. 112134, posted 08 Mar 2022 14:27 UTC
  • [4] Adjaoud, F., and Hermassi, N. (2017). the impact of corporate governance mechanisms on the dividend policy of Canadian Firms: Empirical Study. International Journal of Business, Accounting, & Finance, 11(1), 90–105. http://www.iabpad.com/ category/ijbaf-v11-1-2017/
  • [5] Anton, S.G. (2016). The impact of dividend policy on firm value: A panel data analysis of Romanian listed firms. Journal of Public Administration, Finance and Law, 10, 107-112. https://doi.org/10.18551/rjoas.2018-07.06.
  • [6] Amidu. M and Abor, J. (2006). Determinants of dividend payout ratios in Ghana. The Journal of Risk Finance, 7(2),136-145.
  • [7] Brigham, E. F., and Houston, J. F. (2012). Fundamentals of financial management. Cengage Learning.
  • [8] Benjamin, S. J., Wasiuzzaman, S., Mokhtarinia, H., and Nejad, N. R. (2016). Family ownership and dividend payout in Malaysia. International Journal of Managerial Finance, 12(3), 314–334. https://doi.org/ 10.1108/IJMF-08-2014-0114,
  • [9] Charitou, A., Louca, C., and Tsalavoutas, I. (2016). Corporate governance, agency problems, and firm performance: Empirical evidence from an emerging European market. Agency Problems, and Firm Performance. Empirical Evidence from an Emerging European Market. https://papers.ssrn. com/sol3/papers.cfm?abstract_id=2221612
  • [10] Earnhart, D., and Lizal, L. (2006), Effects of ownership and financial performance on corporate environmental performance. Journal of Comparative Economics, 34, 111-129.
  • [11] Ezejiofor, R.A.and Fatimehin, K. (2022). Ownership concentration and dividend per share of deposit money banks in Nigeria. International Journal of Recent Research in Commerce Economics and Management (IJRRCEM) 9(2), pp: (116-125), Month: April - June 2022, Available at: www.paperpublications.org. DOI: https://doi.org/10.5281/ zenodo.6656223.
  • [12] Gharaibeh, A.M.O., and Qader, A.A. (2017). Factors influencing firm value as measured by Tobin's Q: Empirical Evidence from the Saudi Stock Exchange. TADAWUL.
  • [13] González, M., Guzmán, A., Pombo, C., and Trujillo, M. A. (2014). Family involvement and dividend policy in closely held firms. Family Business Review, 27(4), 365–385. https://doi.org/10.1177/ 0894486514538448Gordon,
  • [14] Gursory, G., and Aydogan, K. (1998). Equity ownership structure, risk taking and performance: An empirical investigation in Turkish Companies
  • [15] Gordon N. and Asamoah, G.N. (2010). Dividend Policy And Stock Price Volatility. In Ghana. EABR & ETLC Conference Proceedings Dublin, Ireland. 2010.