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The Effect Of Taxes On Divided Policy Of Banks In Nigeria
[A STUDY OF FIRST BANK OF NIGERIA PLC ENUGU] -
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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 (X²).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.
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CHAPTER ONE - [ Total Page(s): 2 ]1.4 RESEARCH QUESTIONS The following research questions will be answered in the course of this study to ascertain the impact of taxes on the dividend policy of banks:1. Does taxes have any effect on dividend pay-out of banks?2. Will a change in tax policy lead to a change in dividend 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 influenc ... Continue reading---
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CHAPTER ONE - [ Total Page(s): 2 ]1.4 RESEARCH QUESTIONS The following research questions will be answered in the course of this study to ascertain the impact of taxes on the dividend policy of banks:1. Does taxes have any effect on dividend pay-out of banks?2. Will a change in tax policy lead to a change in dividend 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 influenc ... Continue reading---
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ABSRACT -- [Total Page(s) 1]
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