Impact of gender dichotomy on dividend payout policy in listed Nigerian financial services firm

Eluyela, Damilola Felix; Dahunsi, Olajide; Tolase, Olawumi Ajoke; Okere, Wisdom; Ogabi, Mautin Arinola; Kafidipe, Abiola

doi:10.1080/23311975.2019.1687270

Cited by 13 publications

(13 citation statements)

References 46 publications

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“…Other tests used include the Unit Root test, Co-integration and Error Correction Model (Asaleye et al, 2019;Lawal et al, 2018;Eluyela et al, 2019aEluyela et al, , 2019b. A model is therefore built to capture the objectives of the study at a glance, and it is a reflection of the model already used by (Eluyela et al, 2019c;Uguru, 2016).…”

Section: Methodsmentioning

confidence: 99%

Impact of Capital Flight on Tax Revenue in Nigeria: A Co-integration Approach

Eluyela¹,

Bassey²,

Oladipo³

et al. 2020

RWE

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This study presents an empirical analysis of the impact of capital flight on tax revenue in Nigeria. We made use of secondary data collected from the Central Bank of Nigeria Statistical Bulletin of various issues, Federal Inland Revenue Services and National Bureau of Statistics. The empirical measurement covers the sample period between 1980 and 2015. An Ordinary Least Square, Augmented Dickey-Fuller unit root test, Error Correction Mechanism and Co-integration test was adopted in the study. The results revealed that the Gross Domestic Product has a significant effect in the positive direction, while capital flight and inflation rate have a significant effect in the negative direction. The study recommended that the Federal Inland Revenue System, the department saddled with the responsibility of tax collection, should review the tax system and policies with the aim of plugging loopholes in the existing tax system thereby preventing organizations from evading and avoiding taxes.

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Section: Methodsmentioning

confidence: 99%

Impact of Capital Flight on Tax Revenue in Nigeria: A Co-integration Approach

Eluyela¹,

Bassey²,

Oladipo³

et al. 2020

RWE

Self Cite

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“…Corporate governance aims to help the board of directors through its committees to achieve effective management of the company's affairs (Eluyela et al, 2019a;Eluyela et al, 2019b). The audit committee is one of the four committees of corporate governance with responsibility for the oversight of an organisation's internal processes and works with both internal and external auditors.…”

Section: Corporate Governancementioning

confidence: 99%

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2021

Asian Economic and Financial Review

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The credibility of financial reporting is crucial as it assures the user of its authenticity. In this study, we examined the effect of audit committee quality on the quality of financial reporting of deposit money banks in Nigeria. A descriptive research design was adopted and secondary data sourced from annual accounts of seven deposit money banks for seven years were used to test our hypotheses. The dependent variable in this study is financial reporting quality measured with accrual model. In contrast, the independent variables are the number of members on the audit committee with accounting and finance knowledge, the size of the audit committee, the number of audit committee meetings held in a year and audit committee independence. Descriptive statistics, normality test, a multicollinearity test and regression analysis were used to examine the data. A notable outcome revealed that except for several audit committee meetings held in a given year the other independent variables were found to be insignificant and are not, therefore, determinant of financial reporting quality in deposit money banks in Nigeria. The study concluded that audit committee quality is not a determinant of financial reporting quality in deposit money banks in Nigeria and the study recommends that ability should be paramount for the appointment of members to the audit committee and advises that the audit committee should always be given adequate consideration by management in decision making. Contribution/Originality:This study is one of very few that has investigated the effect of audit committee quality on the quality of financial reporting of deposit money banks in Nigeria using an accrual model.

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“…Board characteristics refer to features of corporate boards that are tasked with the overall management of the firm. The success or collapse of firms is associated with the role acted by the management and firm governance as a process (Eluyela et al, 2019b). In this review, the features of the board of directors that were examined in addition to this consist of board size, board education and board independence.…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

Performance of Firm and Board Attributes Nexus: Using Hausman Test Analysis

Otekunrin¹,

Nwanji²,

Fagboro³

et al. 2021

IJFR

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With the rise of corporate failures and the conflict of interest arising from shareholders and the management, there have been growing concerns in corporate governance (CG). It is there is ponsibility of the board of director in CG is to oversee the management as well as the firm performance and to make the management accountable to shareholders. Hence this research examines the connection between firms’ performance and board features using board size, board independence in addition to board age as a proxy for board characteristics and turnover as a proxy for firm performance. A sample size of 16 consumer goods firms out of a population of 20 consumer goods firms listed in the NSE from 2016 to 2019 was used using a judgmental sampling technique. Secondary data employed was taken out from the sampled firms’ annual reports. Hausman test analysis was used to select the appropriate regression model, which is the fixed effect regression model that was utilized to analyse the connection between firms’ performance in addition to board characteristics. It is found that firm performance and board independence of the consumer services goods companies in Nigeria are significantly related.The results also confirmed that firm performance and board size of the consumer services goods companies in Nigeria are significantly related. The result indicates firm performance and board education of the consumer services goods companies in Nigeria are not significantly related. Consequently, overall lthe study concluded that firms’ performance and board characteristics are related. Also, board characteristics increase board performance which will lead to increase in firms’ performances, there by maximizing profit and ensuring efficiency. The study concluded that a company with good board characteristics would help to ensure the maximization of both the shareholders and stakeholders wealth. Hence a proper board characteristic helps to solve the problem of both agency theory and stakeholders’ theory.

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Impact of gender dichotomy on dividend payout policy in listed Nigerian financial services firm

Cited by 13 publications

References 46 publications

Impact of Capital Flight on Tax Revenue in Nigeria: A Co-integration Approach

Impact of Capital Flight on Tax Revenue in Nigeria: A Co-integration Approach

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Performance of Firm and Board Attributes Nexus: Using Hausman Test Analysis

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