IMPACT OF BOARD STRUCTURE ON DIVIDEND POLICY OF LISTED DEPOSIT MONEY BANKS: POST INTERNATIONAL FINANCIAL REPORTING STANDARD ADOPTION IN NIGERIA
Kabir Ibrahim
Volume 9 Issue 2
Abstract
The study examines the relationship between board structure and dividend policy of listed Deposit Money Banks post IFRS Adoption in Nigeria. To achieve this objective, a descriptive and explanatory research design was employed and the data were generated from financial statement of 12 sampled firms 2012 to 2020. Descriptive statistics and feasible general least regression analysis were used in data analysis. The results reveals that board size, board gender had negative but statistically insignificant relationship with dividend policy of listed DMB’s in post IFRS adoption, while foreign director and board meeting had negative and statistically significant relationship with dividend policy of listed DMB’s in post IFRS adoption. Lastly board independence had a positive and statistically insignificant relationship with dividend policy of listed DMB’s in post IFRS adoption. The study recommends that improved mechanism is required to be put in place to mitigate the agency conflict in listed DMB’s. Key words: Board Size, Board Meeting, Dividend Policy, DMB
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