REVISITING THE FACTORS INFLUENCING CORPORATE DIVIDEND POLICY DECISIONS: EVIDENCE FROM LISTED BANKS IN GHANA

  • Ibrahim Nandom Yakubu Tamale Technical University

Abstract

This study examines the factors influencing dividend policy of listed banks in Ghana relying on data for 7 banks spanning 2006 – 2015. Using the Pooled Ordinary Least Squares, Fixed and Random effects models as estimation techniques, the findings show that, dividend policy of banks is significantly and positively driven by banks’ growth, bank size and leverage. This notwithstanding, banks’ profitability dampens dividend policy while domestic macroeconomic instability proxied by inflation appear to positively influence banks’ dividend albeit insignificantly.
Published
Dec 27, 2019
How to Cite
YAKUBU, Ibrahim Nandom. REVISITING THE FACTORS INFLUENCING CORPORATE DIVIDEND POLICY DECISIONS: EVIDENCE FROM LISTED BANKS IN GHANA. Management & Accounting Review (MAR), [S.l.], v. 18, n. 3, p. 31-50, dec. 2019. ISSN 2550-1895. Available at: <http://arionline.uitm.edu.my/ojs/index.php/MAR/article/view/854>. Date accessed: 09 apr. 2020. doi: http://dx.doi.org/10.24191/mar.v18i3.854.