Impact of gender dichotomy on dividend payout policy in listed Nigerian financial services firm

Damilola Felix Eluyela,Olajide Dahunsi,Abiola Kafidipe,Olawumi Ajoke Tolase,Mautin Ogabi,Wisdom Okere,Collins G Ntim

doi:10.1080/23311975.2019.1687270

Damilola Felix Eluyela, Olajide Dahunsi + Show 5 more

Open Access

https://doi.org/10.1080/23311975.2019.1687270

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Abstract

This paper examines the impact of gender dichotomy on dividend payout policy in listed Nigerian financial services firm. A random-panel data methodological approach underpins this study. The study ...

Highlights

As the business environment becomes more competitive by the day, the corporate sustainability and transparent reporting are much more in demand by stakeholders and others to the external entity, one thing remains absolutely fundamental about the change in these corporations which is ABOUT THE AUTHORDamilola Eluyela is a Lecturer at Landmark University, Nigeria
We examined the impact of gender dichotomy on dividend payout policy in listed Nigerian financial services firm
The rate of dividend payout is highly determined by firm age and their performance

Summary

Introduction

As the business environment becomes more competitive by the day, the corporate sustainability and transparent reporting are much more in demand by stakeholders and others to the external entity, one thing remains absolutely fundamental about the change in these corporations which is ABOUT THE AUTHORDamilola Eluyela is a Lecturer at Landmark University, Nigeria. His research interests include Environmental Accounting, Corporate Governance and Financial Accounting. The increased demand of board gender diversity made researchers examine the impact of board gender diversity on organizational outcomes and various aspects of management such as board’ supervision and monitoring, reporting quality and firm performance. We examined the impact of gender dichotomy on dividend payout policy in listed Nigerian financial services firm. The study recommends a more diverse board structure considering the significant effect board size has on dividend payout policy. Gender diversity and the inclusion of more women in boards of directors and top executive management positions have the potential to add value to organisations. When board members include more gender diversity, a firm may increase its chances of effectiveness due to better understanding their stakeholders’ needs, leading to better risk management and general business practice. We will be focusing on the Stakeholder theory because the agency theory has been over flocked in this area of study

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