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This research work is concerned with the Effect of Taxes on Dividend Policy of
Banks in Nigeria. Nigeria banks operate in an environment that is rarely the same
with their foreign counter parts. Thus the purpose of this study is to reveal how
propounded dividend policy models could apply to banks in Nigeria and the impact
of taxes on dividend payout in the banks. The research methodology used in this
research was the quasi-experimental design, while the sampling procedure adopted
was basically the simple random sampling method. The analysis of data in this
research was based on certain statistical tools including the chi-square ( X).The
findings showed that taxes have a great influence on the dividend pay-out of
companies. It also showed that shareholders are normally concerned about the
payout ratio of their companies. It was therefore recommended that companies
should not neglect the payment of taxes as this would lead to enhanced business
environment and profitability in the long run. Government on its own part should
also make policies that would not lead to multiple taxation so that these indigenous
banks can grow. This growth will lead to economic stability.
CHAPTER ONE
INTRODUCTION
pay
1)
taxes as one of its corporate social responsibilities. Dividend
dividends will not be declared. But when profits are made, the
Marcus 1999).
financial industry.
1.2 STATEMENT OF THE PROBLEM
banks.
enhance efficiency.
2. To identify the reasons for adopting the identify optimal pay-
out ratio.
3. To ascertain the major factors that are considered in
dividend policy.
4. To determine how the optimal pay-out ratio so chosen is
affected by taxation.
5. To identify the problems associated with taxation and their
policy of firms?
3. Do shareholders ever bother about how earning are
distributed?
4. Do investors and management benefits form taxation?
5. How can optimal pay-out ratio be determined?
6. Do shareholders influence the pay-out ratio?
7. How does taxation affect dividend policy of banks?
1.5 RESEARCH HYPOTHESIS
of this study:
out ratio.
4. Finally, his study contributes to the existing stock of
are:
of this study.