The Effects of Dividend Policy on Firm Value for Commercial Banks in Kenya
Abstract
This Study sought to investigate the effect of dividend policy on firm value for
commercial banks in Kenya. This is because firm dividend policy for a long time has been
an unresolved issue eliciting a lot of attention in the corporate financial publications and
although there are numerous findings on the subject; it is still an unresolved issueIt. The
study was also necessitated by the research gaps in the theories of dividends and empirical
findings on dividends and firm value among commercial banks in Kenya. The research
study used an explanatory research design to find the influence of dividend policy on the
value of a firm for quoted commercial banks in Kenya. It used quantitative methods in
applying regression and correlation analysis on the secondary data of all listed commercial
banks operating in Kenya. The result found out that there is a strong positive correlation
between dividend payout and firm value among commercial banks in Kenya. Hence listed
commercial banks in Kenya can increase their value by increasing Dividend payouts
Publisher
University Of Nairobi
Subject
Effects Of Dividend PolicyRights
Attribution-NonCommercial-NoDerivs 3.0 United StatesUsage Rights
http://creativecommons.org/licenses/by-nc-nd/3.0/us/Collections
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