ABSTRACT
This study
examines the effect of individual policy on the evaluation of share using some
Nigerian Quoted firm as a case study. Data is employed from Nigeria bank and
non bank quoted firms using the ordinary least square method of regression
analysis (OLS) in an attempt to contribute to the body of knowledge. This study
reveals that there is a positive relationship between the market price per
share (MPS) dividend price per share (DPS) and earning per share (EPS), but
establish a negative relationship between (MPS) and retained earning per share
(REPS) especially in bank financial institutions. In essence it shows that the
shareholders of banking firms prefers dividend to retained earnings but the non
bank firms shareholder prefers retained earning for re – investment and
sustenance of the firm. This study also specifies that there are other variable
which make it impossible to generate a model for use in establishing dividend
in bank and non bank quoted firms.
This
project recommends that student, lecturers and independent research bodies in
related field should embark on research using statistical method to evolve a
workable dividend policy that will fit well into Nigerian economy. Secondary,
it recommends that some theoretical ideals should be formulated, ideal which
are adoptable for the peculiarities of our environment to necessitate
consistency and standardization of practice. Finally, financial information
should be made available; this requires training of official journalists to make
period information available to the present and prospective investors.
For full project
call 07064961036 (chapter one to five questionnaire is included
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