European Journal of Accounting, Auditing and Finance Research (EJAAFR)

EA Journals

Wealth Maximization

Dividend Policy and Performance of Listed Microfinance Banks in Nigeria (Published)

This research focuses on Dividend policy and its impact on performance of listed micro finance banks in Nigeria between2006 and 2021.The ordinary least square estimation technique and multiple regression method of data analysis was utilized..It was discovered that all the explanatory variables ie Return on Assets ,Liquidity ratio, Debt ratio and size of banks did not significantly impact Dividend Policy surrogated by Dividend Payout within the period of the study .It was therefore  suggested that micro finance banks should increase dividend payments to its shareholders and also expand their branch network .The Central Bank of Nigeria is also advised to step  up its supervisory role by plugging all loop holes through which liquidity is being depleted illegally by some of these micro finance banks.

Citation: Ozigbo A. Sylvester and Ekane Rapheal Ogagaoghene (2022) Dividend Policy and Performance of Listed Microfinance Banks in Nigeria, European Journal of Accounting, Auditing and Finance Research, Vol.10, No. 6, pp.46-55



Keywords: Real Sector, Shareholders Wealth, Wealth Maximization, finance gap, hybrid dividend policy

Corporate Governance, Shareholders Wealth Maximization and Tax Avoidance (Review Completed - Accepted)

Tax avoidance is a common problem among many nations I the word, especially the developing and third world countries. Most citizens see tax payment as very offensive, and seek all means to avoid tax liabilities. Nigeria is not exempted from this economic menace. In spite of the several tax holidays enjoyed by firms in Nigeria, most firms have resorted to creatively avoid tax under the disguise of shareholders wealth maximization. This act is seen by the researchers as a corporate governance factor because the provision of bonus schemes by shareholders for managers for abnormal wealth maximization had justified the act of tax avoidance in the Nigerian corporate world.

Keywords: Avoidance., Corporate Governance, Shareholders, Tax, Wealth Maximization

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