文章基本信息

标题：Foreign directors, indigenous directors and dividend payout structure in Nigerian deposit money banks
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作者：Damilola Felix Eluyela ; Dorcas Titilayo Adetula ; Olusegun Barnabas Obasaju 等
期刊名称：Banks and Bank Systems
印刷版ISSN：1816-7403
电子版ISSN：1991-7074
出版年度：2019
卷号：14
期号：2
页码：181-189
DOI：10.21511/bbs.14(2).2019.16
语种：English
出版社：LLC "CPC "Business Perspectives"
摘要：This paper aims to examine the influence foreign and indigenous directors have on determining firms’ dividend payout structure. The population for this study is the fif teen deposit money banks listed on the Nigerian Stock Exchange. Using a random sampling technique,a sample of 14 deposit money banks for the 2010 to 2017 period was taken. The total observations used for the work was 112. The study adopted a panel data methodology,which was estimated with a random-effect model. It was observed that a significant relationship exists between foreign directors and the dependent variable (dividend payout structure). The dividend payout structure by dividend per share of sampled firms was measured. This study will improve analysts and investors’ understanding of dividend policy by giving them insights in identifying the main deter?minants of dividend policy. For policy makers,this study reinforces the fact that good corporate governance is important to develop financial markets and improve the firm value.
关键词：corporate policy;corporate governance;dividend per share;foreign ownership;panel random effects