A Critical Assessment of Ownership Structure and Its Impact on Dividend Policy of Listed Deposit Money Banks in Nigeria Using a Sample of Three Banks
A Critical Assessment of Ownership Structure and Its Impact on Dividend Policy of Listed Deposit Money Banks in Nigeria Using a Sample of Three Banks
CHAPTER ONE
INTRODUCTION
1.1 Background Of The Study
Generally, it has been suggested that regular payment of dividends can reduce agency conflict, and through this, the range of future probable misuse of resources by management is reduced. Dividends are part of corporate earnings distributed to shareholders for their participation in the process of capital formation of a firm. As a source of income to investors, it is a tool of assessing the ability of a company to generate positive cash-flow. However dividend payout has been an issue of interest in the financial literature which was initiated by Modgliani and Miller (1956-1961), Gordon and Lintner (1956-1962) who came up with...
