DIVIDEND PAYMENT AND EARNINGS QUALITY OF LISTED MANUFACTURING COMPANIES IN NIGERIA
Journal Title: Gusau Journal of Accounting and Finance - Year 2021, Vol 2, Issue 1
Abstract
The goal of this study was to ascertain the effect of dividend payments on the earnings quality of Nigerian publicly traded manufacturing firms. The robust generalised least square methodology was used to analyze data from the annual reports and financial statements of thirty-two (32) manufacturing firms listed on the Nigerian Stock Exchange from 2009 to 2018. The findings indicate that dividend paying status and dividend changes have significant positive effect on earnings quality. Dividend size has a negative effect on the earnings quality of listed manufacturing companies in Nigeria. Over the study period, dividend changes had a significant positive effect on earnings quality, but dividend persistence had no significant influence on the earnings quality. The study therefore recommends that Nigerian manufacturing companies should adopt a dividend payout strategy that includes paying cash dividends and maintaining a high level of earnings quality.
Authors and Affiliations
Taibat Adebukola Atoyebi, Tubosun Najimu Oladosu
Keywords
Related Articles
- EP ID EP709174
- DOI -
- Views 68
- Downloads 0
FIRM-SPECIFIC CHARACTERISTCS AND FINANCIAL PERFORMANCE OF LISTED AGRICULTURAL COMPANIES IN NIGERIA
The contribution of listed agricultural firms to market development and economic growth has been consistently low in recent years. This could be traced partly to low profitability of agricultural firms in the country wh...
DOES OPTIMAL BOARD STRUCTURE INFLUENCES DIVIDEND POLICY OF THE NIGERIAN DEPOSIT MONEY BANKS?
This study examines whether optimal board structure influences dividend policy of the Nigerian Deposit Money Banks (DMBs). Optimal board structure in the contest of this study is defined in term of appropriate board siz...
FINANCIAL RISK AND PROFITABILITY OF LISTED DEPOSIT MONEY BANKS IN NIGERIA: MODERATING ROLE OF BOARD DIVERSITY
The financial crises experience by banking sector in Nigeria as a result of 2009 global financial economic meltdown that have led to the challenges of liquidity problem and high operational cost to banks which have affe...
GREEN SUPPLY CHAIN MANAGEMENT AND PERFORMANCE OF LISTED OIL AND GAS FIRMS IN NIGERIA: A MODERATING ROLE OF INTERNET OF THING
Integration of Internet of Things (IoT) into an eco-innovation system in Green Supply Chain Management Practices (GSCM) and Firms Performance (OP) is an important and desired direction with sufficient and necessary poten...
NEXUS BETWEEN FIRMS-SPECIFIC CHARACTERISTICS AND CASH HOLDING OF LISTED MANUFACTURING FIRMS IN NIGERIA
This paper aims at shedding light on the empirical relationship between cash holding and firm characteristics. The population of the consist of 51 manufacturing firms listed on the Nigeria Stock Exchange, while the adju...