{"id":"https://openalex.org/W10370301","doi":"https://doi.org/10.1111/1467-8268.12166","title":"Dividend Payment Behaviour and its Determinants: The Nigerian Evidence","display_name":"Dividend Payment Behaviour and its Determinants: The Nigerian Evidence","publication_year":2016,"publication_date":"2016-03-01","ids":{"openalex":"https://openalex.org/W10370301","doi":"https://doi.org/10.1111/1467-8268.12166","mag":"10370301"},"language":"en","primary_location":{"id":"doi:10.1111/1467-8268.12166","doi":"https://doi.org/10.1111/1467-8268.12166","is_oa":false,"landing_page_url":"https://doi.org/10.1111/1467-8268.12166","pdf_url":null,"source":{"id":"https://openalex.org/S33443600","display_name":"African Development Review","issn_l":"1017-6772","issn":["1017-6772","1467-8268"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","anvur-scientific","cwts-core","jufo-1","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"African Development Review","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5071925560","display_name":"Rihanat Idowu Abdulkadir","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I134542131","display_name":"University of Ilorin","ror":"https://ror.org/032kdwk38","country_code":"NG","type":"education","lineage":["https://openalex.org/I134542131"]},{"id":"https://openalex.org/I94625822","display_name":"Universiti Utara Malaysia","ror":"https://ror.org/01ss10648","country_code":"MY","type":"education","lineage":["https://openalex.org/I94625822"]}],"countries":["MY","NG"],"is_corresponding":true,"raw_author_name":"Rihanat Idowu Abdulkadir","raw_affiliation_strings":["Rihanat Idowu Abdulkadir (corresponding author), School of Economics, Finance and Banking, College of Business, Universiti Utara Malaysia, 06010 UUM Sintok, Kedah, Malaysia; Department of Finance, Faculty of Management Sciences, University of Ilorin, Nigeria; e-mail:"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Rihanat Idowu Abdulkadir (corresponding author), School of Economics, Finance and Banking, College of Business, Universiti Utara Malaysia, 06010 UUM Sintok, Kedah, Malaysia; Department of Finance, Faculty of Management Sciences, University of Ilorin, Nigeria; e-mail:","institution_ids":["https://openalex.org/I134542131","https://openalex.org/I94625822"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5052610801","display_name":"Nur Adiana Hiau Abdullah","orcid":"https://orcid.org/0000-0002-8142-8097","observed_orcids":["https://orcid.org/0000-0002-8142-8097"]},"institutions":[{"id":"https://openalex.org/I134542131","display_name":"University of Ilorin","ror":"https://ror.org/032kdwk38","country_code":"NG","type":"education","lineage":["https://openalex.org/I134542131"]},{"id":"https://openalex.org/I94625822","display_name":"Universiti Utara Malaysia","ror":"https://ror.org/01ss10648","country_code":"MY","type":"education","lineage":["https://openalex.org/I94625822"]}],"countries":["MY","NG"],"is_corresponding":true,"raw_author_name":"Nur Adiana Hiau Abdullah","raw_affiliation_strings":["Rihanat Idowu Abdulkadir (corresponding author), School of Economics, Finance and Banking, College of Business, Universiti Utara Malaysia, 06010 UUM Sintok, Kedah, Malaysia; Department of Finance, Faculty of Management Sciences, University of Ilorin, Nigeria; e-mail:"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Rihanat Idowu Abdulkadir (corresponding author), School of Economics, Finance and Banking, College of Business, Universiti Utara Malaysia, 06010 UUM Sintok, Kedah, Malaysia; Department of Finance, Faculty of Management Sciences, University of Ilorin, Nigeria; e-mail:","institution_ids":["https://openalex.org/I134542131","https://openalex.org/I94625822"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5083139166","display_name":"Woei Chyuan Wong","orcid":"https://orcid.org/0000-0002-2201-613X","observed_orcids":["https://orcid.org/0000-0002-2201-613X"]},"institutions":[{"id":"https://openalex.org/I134542131","display_name":"University of Ilorin","ror":"https://ror.org/032kdwk38","country_code":"NG","type":"education","lineage":["https://openalex.org/I134542131"]},{"id":"https://openalex.org/I94625822","display_name":"Universiti Utara Malaysia","ror":"https://ror.org/01ss10648","country_code":"MY","type":"education","lineage":["https://openalex.org/I94625822"]}],"countries":["MY","NG"],"is_corresponding":true,"raw_author_name":"Woei-Chyuan Wong","raw_affiliation_strings":["Rihanat Idowu Abdulkadir (corresponding author), School of Economics, Finance and Banking, College of Business, Universiti Utara Malaysia, 06010 UUM Sintok, Kedah, Malaysia; Department of Finance, Faculty of Management Sciences, University of Ilorin, Nigeria; e-mail:"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Rihanat Idowu Abdulkadir (corresponding author), School of Economics, Finance and Banking, College of Business, Universiti Utara Malaysia, 06010 UUM Sintok, Kedah, Malaysia; Department of Finance, Faculty of Management Sciences, University of Ilorin, Nigeria; e-mail:","institution_ids":["https://openalex.org/I134542131","https://openalex.org/I94625822"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5052610801","https://openalex.org/A5071925560","https://openalex.org/A5083139166"],"corresponding_institution_ids":["https://openalex.org/I134542131","https://openalex.org/I94625822"],"apc_list":{"value":3700,"currency":"USD","value_usd":3700},"apc_paid":null,"fwci":14.6305,"has_fulltext":false,"cited_by_count":36,"citation_normalized_percentile":{"value":0.98458816,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"28","issue":"1","first_page":"53","last_page":"63"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/dividend-policy","display_name":"dividend policy","score":0.8159999847412109},{"id":"https://openalex.org/keywords/catering-theory","display_name":"catering theory","score":0.9599999785423279},{"id":"https://openalex.org/keywords/life-cycle-theory","display_name":"life cycle theory","score":0.8519999980926514},{"id":"https://openalex.org/keywords/nigerian-stock-market","display_name":"Nigerian stock market","score":0.699999988079071},{"id":"https://openalex.org/keywords/foreign-investors","display_name":"foreign investors","score":0.9160000085830688},{"id":"https://openalex.org/keywords/dividend-taxation","display_name":"dividend taxation","score":0.9169999957084656},{"id":"https://openalex.org/keywords/determinants-of-dividends","display_name":"determinants of dividend payout","score":0.7350000143051147}],"concepts":[{"id":"https://openalex.org/C59399099","wikidata":"https://www.wikidata.org/wiki/Q5284040","display_name":"Dividend policy","level":3,"score":0.744121789932251},{"id":"https://openalex.org/C116168712","wikidata":"https://www.wikidata.org/wiki/Q181201","display_name":"Dividend","level":2,"score":0.7224339246749878},{"id":"https://openalex.org/C125889939","wikidata":"https://www.wikidata.org/wiki/Q2294672","display_name":"Dividend payout ratio","level":4,"score":0.5951472520828247},{"id":"https://openalex.org/C184530449","wikidata":"https://www.wikidata.org/wiki/Q2706107","display_name":"Dividend yield","level":4,"score":0.5719314217567444},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5648571848869324},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5272917747497559},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.5126982927322388},{"id":"https://openalex.org/C200870193","wikidata":"https://www.wikidata.org/wiki/Q11691","display_name":"Stock exchange","level":2,"score":0.49397212266921997},{"id":"https://openalex.org/C129361004","wikidata":"https://www.wikidata.org/wiki/Q2470236","display_name":"Profitability index","level":2,"score":0.42793524265289307},{"id":"https://openalex.org/C153083717","wikidata":"https://www.wikidata.org/wiki/Q6535263","display_name":"Leverage (statistics)","level":2,"score":0.42558449506759644},{"id":"https://openalex.org/C120757647","wikidata":"https://www.wikidata.org/wiki/Q381136","display_name":"Shareholder","level":3,"score":0.411060094833374},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.40981438755989075},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.17884927988052368},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.13598263263702393},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1111/1467-8268.12166","doi":"https://doi.org/10.1111/1467-8268.12166","is_oa":false,"landing_page_url":"https://doi.org/10.1111/1467-8268.12166","pdf_url":null,"source":{"id":"https://openalex.org/S33443600","display_name":"African Development Review","issn_l":"1017-6772","issn":["1017-6772","1467-8268"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","anvur-scientific","cwts-core","jufo-1","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"African Development Review","raw_type":"journal-article"},{"id":"pmh:oai:repo.uum.edu.my:11574","doi":null,"is_oa":false,"landing_page_url":"https://repo.uum.edu.my/id/eprint/11574/1/R.pdf","pdf_url":"https://repo.uum.edu.my/id/eprint/11574/1/R.pdf","source":{"id":"https://openalex.org/S4306400886","display_name":"Universiti Utara Malaysia Institutional Repository (Universiti Utara Malaysia)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I65079550","host_organization_name":"Universiti Malaysia Perlis","host_organization_lineage":["https://openalex.org/I65079550"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"Conference or Workshop Item"},{"id":"pmh:oai:repo.uum.edu.my:17630","doi":null,"is_oa":false,"landing_page_url":"https://repo.uum.edu.my/id/eprint/17630/1/ADR%2028%201%2053-63.pdf","pdf_url":"https://repo.uum.edu.my/id/eprint/17630/1/ADR%2028%201%2053-63.pdf","source":{"id":"https://openalex.org/S4306400886","display_name":"Universiti Utara Malaysia Institutional Repository (Universiti Utara Malaysia)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I65079550","host_organization_name":"Universiti Malaysia Perlis","host_organization_lineage":["https://openalex.org/I65079550"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"Article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":37,"referenced_works":["https://openalex.org/W71113477","https://openalex.org/W1508249790","https://openalex.org/W1511395520","https://openalex.org/W1542403080","https://openalex.org/W1547105971","https://openalex.org/W1559558163","https://openalex.org/W1606374370","https://openalex.org/W1810816511","https://openalex.org/W1963796278","https://openalex.org/W1973286683","https://openalex.org/W1974674363","https://openalex.org/W2001083887","https://openalex.org/W2062112056","https://openalex.org/W2064295900","https://openalex.org/W2064418263","https://openalex.org/W2065601052","https://openalex.org/W2068273422","https://openalex.org/W2084619613","https://openalex.org/W2087466856","https://openalex.org/W2088957698","https://openalex.org/W2092191310","https://openalex.org/W2111384383","https://openalex.org/W2129740694","https://openalex.org/W2144470805","https://openalex.org/W2164371071","https://openalex.org/W2258198700","https://openalex.org/W2763199793","https://openalex.org/W3121131820","https://openalex.org/W3121160478","https://openalex.org/W3121215416","https://openalex.org/W3122295706","https://openalex.org/W3123052676","https://openalex.org/W3124364728","https://openalex.org/W3124411553","https://openalex.org/W3126079429","https://openalex.org/W4252235742","https://openalex.org/W6834072365"],"related_works":["https://openalex.org/W2245849397","https://openalex.org/W1485157517","https://openalex.org/W2325472653","https://openalex.org/W3164588582","https://openalex.org/W3081106036","https://openalex.org/W2985389265","https://openalex.org/W4401845415","https://openalex.org/W2602000367","https://openalex.org/W1963796278","https://openalex.org/W1921697368"],"abstract_inverted_index":{"This":[0,136],"paper":[1],"offers":[2],"new":[3],"evidence":[4,38],"on":[5,133,143,160],"the":[6,13,85,114,138,148,156,161,169,195],"existence":[7],"of":[8,26,48,70,84,87,116,140,155,197],"disappearing":[9],"dividend":[10,27,30,42,64,79,88,109,124,130,185,199],"phenomenon":[11],"in":[12,50,63,104,111],"Nigerian":[14,162],"stock":[15,181],"market":[16,182],"and":[17,23,80,100,186],"as":[18,96],"to":[19,39,73,77,98,129,171],"how":[20],"clientele,":[21],"catering":[22,99],"life-cycle":[24,101],"theories":[25],"affect":[28,168],"firms'":[29,51,144],"paying":[31],"behaviour.":[32],"We":[33],"did":[34],"not":[35,76],"find":[36],"conclusive":[37],"suggest":[40],"that":[41,91,167,191],"payments":[43,65],"had":[44],"become":[45],"second":[46],"order":[47],"importance":[49,139],"payout":[52],"policies":[53,110],"during":[54,66],"2003\u20132012":[55],"because":[56],"we":[57],"only":[58],"observed":[59],"a":[60,71,81],"downward":[61],"trend":[62],"2010\u20132012.":[67],"Logistic":[68],"regression":[69,83],"probability":[72],"pay":[74,78,172],"or":[75],"panel":[82],"size":[86],"payment":[89],"show":[90],"clientele":[92],"theory":[93],"stands":[94],"out":[95],"compared":[97],"theories.":[102,200],"Firms":[103],"our":[105],"sample":[106],"shape":[107],"their":[108],"line":[112],"with":[113,189,194],"preference":[115,122],"foreign":[117,141],"investors":[118,142],"who":[119],"have":[120],"less":[121],"for":[123],"over":[125],"capital":[126],"gain":[127],"due":[128],"taxes":[131],"imposed":[132],"these":[134],"shareholders.":[135],"underlines":[137],"corporate":[145],"decisions":[146],"given":[147],"fact":[149],"they":[150],"owned":[151],"more":[152],"than":[153],"half":[154],"total":[157],"shares":[158],"traded":[159],"Stock":[163],"Exchange.":[164],"Other":[165],"determinants":[166],"propensity":[170],"are":[173,192],"profitability,":[174],"investment":[175],"opportunities,":[176],"leverage,":[177],"cash":[178],"flow,":[179],"crisis,":[180],"performance,":[183],"past":[184],"interest":[187],"rate":[188],"signs":[190],"consistent":[193],"prediction":[196],"traditional":[198]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":4},{"year":2021,"cited_by_count":5},{"year":2020,"cited_by_count":6},{"year":2019,"cited_by_count":6},{"year":2018,"cited_by_count":3},{"year":2017,"cited_by_count":3},{"year":2015,"cited_by_count":1}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}