Browsing by Author "Daud Saheed Omotosho"

Now showing 1 - 1 of 1
  • Thumbnail Image
    Item
    DIVIDEND POLICY AND SHARE PRICE VOLATILITY OF LISTED CONGLOMERATES IN NIGERIA
    (Journal of Accounting and Management, 2019-12-28) Lukman Adebayo Oke; Daud Saheed Omotosho; Yusuf Olamilekan Quadri
    In spite of long periods of empirical research, the connection between corporate dividend policy and share price volatility remains disputable among scholars and researchers. Circumstantial to this, the study investigates the relationship between corporate dividend policy and share price volatility of listed conglomerates in Nigeria. The study adopted descriptive statistics, pairwise correlation and panel data regression technique to analyze the data collected from the audited financial reports of listed conglomerates for a period of 10 years (2009 — 2018). The study revealed that dividend yield has a negative influence on share price volatility. Consequently. the study concluded that corporate dividend policy plays a significant role in the Nigerian listed conglomerates share price volatility. The investigation recommends that listed conglomerates firms should devise a dividend policy that takes cognizance of the existing and prospective investors