Economics

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Browsing Economics by Author "Dr. L. A. E. Imeokparia"

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    Dividend Payout and Financial Performance of Manufacturing Firms in Nigeria
    (Bells University of Technology, 2023-08-01) ODUNIYI, Adeyinka; Dr. L. A. E. Imeokparia
    The study examined the impact of dividend payout and financial performance of firms in Nigeria. The objective of the study was to examine effect of dividend pay-out ratio on return of Asset of firms in Nigeria. Dividend pay-out ratio on return on equity of firms in Nigeria. Dividend pay-out ratio on retained earnings of firms in Nigeria. The study adapted quasi-experimental research design, a simple random sampling technique. A sample size frame of 10 years, 2013-2022 were selected. Data were obtained from secondary data through annual report of selected manufacturing firms. The study employed descriptive and inferential statistics using descriptive table, and regression in analyzing the data collected. Findings from the study revealed dividend pay-out ratio with p- value of 0.0052<0.05 has a significant impact on the return on equity of the selected manufacturing firms. Dividend pay-out ratio on retained earnings (0.9489>0.05) and return on asset (0.6747>0.05). the study concluded that dividend payout has a significant and positive effect on the financial performance of the listed companies in Nigeria of the companies. Therefore, it is recommended that companies’ management should work to implement a solid dividend policy for their organization. They should also put money into projects that have positive net present values, which will result in enormous profits that can be partially utilized to pay dividends to equity shareholders.
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    Non-Performing Loan and Financial Performance of Deposit Money Banks in Nigeria
    (Bells University of Technology, 2023-07) AJAYI, Tomisin Rachael; Dr. L. A. E. Imeokparia
    This study investigates the impact of non-performing loans on deposit money banks in Nigeria and provides recommendations for mitigating its effects on the financial performance of these banks. The research utilizes net interest margin and cost-to-income ratio as indicators of financial performance. Secondary data from the financial statements of ten selected banks, spanning a ten-year period from 2013 to 2022, was analyzed using descriptive statistics and panel least square regression analysis. The results indicate a significant negative relationship between non-performing loans and net interest margin, suggesting that an increase in non-performing loans leads to a decline in profits derived from interest-bearing assets. Additionally, a positive and statistically significant relationship was observed between non-performing loans and cost-to-income ratio, indicating that an increase in one variable results in an increase in the other. Based on these findings, it is recommended that deposit money banks enhance their credit management strategies and provide professional guidance to potential loan customers. Regulatory bodies should also implement measures to prevent unhealthy competition among banks, which may contribute to fraudulent activities, hasty decision-making, and inaccurate reporting in order to improve financial figures.