文章基本信息

标题：Examination of the Relationship between Bank Age and Bank Retention Policy (A Study of Zenith Bank (Nig) Plc)
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作者：Inyiama Oliver Ikechukwu ; Inyiama Oliver Ikechukwu ; Ugwuanyi Uche Boniface 等
期刊名称：International Journal of Finance and Accounting
印刷版ISSN：2168-4812
电子版ISSN：2168-4820
出版年度：2016
卷号：5
期号：5
页码：233-239
DOI：10.5923/j.ijfa.20160505.03
语种：English
出版社：Scientific & Academic Publishing Co.
摘要：The study aims at examining the effect of bank age on retained earnings of Zenith Bank Nigeria Plc, from 2002 to 2013. Regression analysis was used to establish the nature, direction and magnitude of the effect and relationship between bank age and retained earnings in Zenith Bank Plc. The analysis indicates that bank/firm age has a positive and significant effect on retained earnings. This is in line with the findings of this research. On the level of association between the variables, it was found that bank age share a positive relationship with retained earnings. This is not in tandem with the life cycle theory. The implication is that the banks retain earnings at every stage of their life cycle. This could be as a result of their specialized service which demands a very huge asset base; in terms of branch network, information and communication technology, specialized manpower skill, security and liquidity requirements. If the banks must source fund for all these requirements through external loans and equity, then the cost implication, in terms of interest content, will be unbearably high. The alternative is to source the bulk of their investible fund through reserves which is almost cost free. This is why the banks prefer to retain a large proportion of their earnings, issue bonus shares and make right issues instead of a high rate of dividend payout.
关键词：Regression; Reserves; Bank Age; Correlation; Zenith