Effects of dividends policy on the market price of share. (a case study of first bank of nigeria plc) | Blazingprojects Postgraduate Thesis
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Effects of dividends policy on the market price of share. (a case study of first bank of nigeria plc)

 

Table Of Contents


Chapter ONE

INTRODUCTION

  • 1.1Introduction
  • 1.2Background of the study
  • 1.3Problem Statement
  • 1.4Objective of the study
  • 1.5Limitation of the study
  • 1.6Scope of the study
  • 1.7Significance of the study
  • 1.8Structure of the research
  • 1.9Definition of terms

Chapter TWO

LITERATURE REVIEW

  • 2.1Overview of Dividends Policy
  • 2.2Historical Perspectives
  • 2.3Theoretical Frameworks
  • 2.4Empirical Studies
  • 2.5Dividends Policy and Share Price Relationship
  • 2.6Factors Influencing Dividends Policy
  • 2.7Impact of Dividends Policy on Investors
  • 2.8Dividends Policy in Financial Markets
  • 2.9Dividends Policy in Banking Sector
  • 2.10Dividends Policy and Economic Growth

Chapter THREE

RESEARCH METHODOLOGY

  • 3.1Research Design
  • 3.2Research Philosophy
  • 3.3Research Approach
  • 3.4Data Collection Methods
  • 3.5Sampling Techniques
  • 3.6Data Analysis Procedures
  • 3.7Ethical Considerations
  • 3.8Validity and Reliability

Chapter FOUR

DATA PRESENTATION AND ANALYSIS

  • 4.1Overview of Findings
  • 4.2Analysis of Data
  • 4.3Comparison with Literature
  • 4.4Interpretation of Results
  • 4.5Discussion on Dividends Policy Effects
  • 4.6Implications for Share Prices
  • 4.7Recommendations for Practitioners
  • 4.8Suggestions for Future Research

Chapter FIVE

SUMMARY, CONCLUSION AND RECOMMENDATIONS

  • 5.1Summary of Findings
  • 5.2Conclusion
  • 5.3Contributions to Knowledge
  • 5.4Practical Implications
  • 5.5Recommendations for Policy
  • 5.6Areas for Further Research
  • 5.7Reflection on Research Process
  • 5.8Conclusion Statement

Thesis Abstract

The efficient and effective financial administration in corporate organization is sine quad non’ to the achievement of the organizational objective.

Dividend policy is said to be financial policy that is responsible for the determination of the market price of shares. But there are divergent views on the effect of dividend policy on the market price of shares. Dividend relevance and dividend irrelevance theories. The regression analysis performed on the secondary data collected, using market price of shares as dependent variable, dividend per share, retained earnings per share and earnings per share as independent variables, revealed that there is significant relationship between dividend policy and market price of shares. It was also revealed that dividend affect market price of share more than retained earnings. It was also concluded that the belief of the dividend irrelevance theorists is wrong in the real life situation where forces of demand and supply play a determining role. It was recommended that financial administrators study and educate the environment in the formulation of dividend policy. Hence, optimum dividend policy will be achieved which in tum increases the value of the business firm.



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