{"id":"https://openalex.org/W1993466601","doi":"https://doi.org/10.5539/ijef.v2n4p212","title":"Asymmetric Information and Dividend Policy in Emerging Markets: Empirical Evidence from Nigeria","display_name":"Asymmetric Information and Dividend Policy in Emerging Markets: Empirical Evidence from Nigeria","publication_year":2010,"publication_date":"2010-10-15","ids":{"openalex":"https://openalex.org/W1993466601","doi":"https://doi.org/10.5539/ijef.v2n4p212","mag":"1993466601"},"language":"en","primary_location":{"id":"doi:10.5539/ijef.v2n4p212","doi":"https://doi.org/10.5539/ijef.v2n4p212","is_oa":true,"landing_page_url":"https://doi.org/10.5539/ijef.v2n4p212","pdf_url":"https://ccsenet.org/journal/index.php/ijef/article/download/7938/5946","source":{"id":"https://openalex.org/S2765010479","display_name":"International Journal of Economics and Finance","issn_l":"1916-971X","issn":["1916-971X","1916-9728"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core"],"host_organization":"https://openalex.org/P4310322531","host_organization_name":"Canadian Center of Science and Education","host_organization_lineage":["https://openalex.org/P4310322531"],"host_organization_lineage_names":["Canadian Center of Science and Education"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Economics and Finance","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://ccsenet.org/journal/index.php/ijef/article/download/7938/5946","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5014417439","display_name":"Godwin Chigozie Okpara","orcid":"https://orcid.org/0000-0002-4819-4030","observed_orcids":["https://orcid.org/0000-0002-4819-4030"]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Godwin Chigozie Okpara","raw_affiliation_strings":["Canadian Center of Science and Education"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Canadian Center of Science and Education","institution_ids":[]}]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5014417439"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":true,"cited_by_count":12,"citation_normalized_percentile":{"value":0.33011612,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":96},"biblio":{"volume":"2","issue":"4","first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9970999956130981,"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":0.9970999956130981,"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":0.0007999999797903001,"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/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.0005000000237487257,"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/information-asymmetry","display_name":"information asymmetry","score":0.9879999756813049},{"id":"https://openalex.org/keywords/dividend-policy","display_name":"dividend policy","score":0.9990000128746033},{"id":"https://openalex.org/keywords/dividend-signaling-theory","display_name":"dividend signaling theory","score":0.9120000004768372},{"id":"https://openalex.org/keywords/emerging-markets","display_name":"emerging markets","score":0.9300000071525574},{"id":"https://openalex.org/keywords/nigerian-listed-firms","display_name":"Nigerian listed companies","score":0.6209999918937683}],"concepts":[{"id":"https://openalex.org/C129824826","wikidata":"https://www.wikidata.org/wiki/Q2630107","display_name":"Granger causality","level":2,"score":0.8647626042366028},{"id":"https://openalex.org/C59399099","wikidata":"https://www.wikidata.org/wiki/Q5284040","display_name":"Dividend policy","level":3,"score":0.8316951990127563},{"id":"https://openalex.org/C137577040","wikidata":"https://www.wikidata.org/wiki/Q431965","display_name":"Information asymmetry","level":2,"score":0.7208622694015503},{"id":"https://openalex.org/C145162277","wikidata":"https://www.wikidata.org/wiki/Q1751675","display_name":"Cointegration","level":2,"score":0.7085975408554077},{"id":"https://openalex.org/C116168712","wikidata":"https://www.wikidata.org/wiki/Q181201","display_name":"Dividend","level":2,"score":0.7018302083015442},{"id":"https://openalex.org/C195561663","wikidata":"https://www.wikidata.org/wiki/Q1307899","display_name":"Unit root","level":2,"score":0.6494932770729065},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6457622051239014},{"id":"https://openalex.org/C144341231","wikidata":"https://www.wikidata.org/wiki/Q7887151","display_name":"Unit root test","level":3,"score":0.6352299451828003},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.6095568537712097},{"id":"https://openalex.org/C2777267654","wikidata":"https://www.wikidata.org/wiki/Q3519023","display_name":"Test (biology)","level":2,"score":0.5309504866600037},{"id":"https://openalex.org/C64357122","wikidata":"https://www.wikidata.org/wiki/Q1149766","display_name":"Causality (physics)","level":2,"score":0.5235535502433777},{"id":"https://openalex.org/C38976095","wikidata":"https://www.wikidata.org/wiki/Q752641","display_name":"Asymmetry","level":2,"score":0.4603668451309204},{"id":"https://openalex.org/C166052673","wikidata":"https://www.wikidata.org/wiki/Q83021","display_name":"Empirical evidence","level":2,"score":0.4273262619972229},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.13176634907722473},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.07857093214988708},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C62520636","wikidata":"https://www.wikidata.org/wiki/Q944","display_name":"Quantum mechanics","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.5539/ijef.v2n4p212","doi":"https://doi.org/10.5539/ijef.v2n4p212","is_oa":true,"landing_page_url":"https://doi.org/10.5539/ijef.v2n4p212","pdf_url":"https://ccsenet.org/journal/index.php/ijef/article/download/7938/5946","source":{"id":"https://openalex.org/S2765010479","display_name":"International Journal of Economics and Finance","issn_l":"1916-971X","issn":["1916-971X","1916-9728"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core"],"host_organization":"https://openalex.org/P4310322531","host_organization_name":"Canadian Center of Science and Education","host_organization_lineage":["https://openalex.org/P4310322531"],"host_organization_lineage_names":["Canadian Center of Science and Education"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Economics and Finance","raw_type":"journal-article"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.655.7629","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.655.7629","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://ccsenet.org/journal/index.php/ijef/article/viewFile/7938/5946/","raw_type":"text"}],"best_oa_location":{"id":"doi:10.5539/ijef.v2n4p212","doi":"https://doi.org/10.5539/ijef.v2n4p212","is_oa":true,"landing_page_url":"https://doi.org/10.5539/ijef.v2n4p212","pdf_url":"https://ccsenet.org/journal/index.php/ijef/article/download/7938/5946","source":{"id":"https://openalex.org/S2765010479","display_name":"International Journal of Economics and Finance","issn_l":"1916-971X","issn":["1916-971X","1916-9728"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core"],"host_organization":"https://openalex.org/P4310322531","host_organization_name":"Canadian Center of Science and Education","host_organization_lineage":["https://openalex.org/P4310322531"],"host_organization_lineage_names":["Canadian Center of Science and Education"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Economics and Finance","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W1993466601.pdf","grobid_xml":"https://content.openalex.org/works/W1993466601.grobid-xml"},"referenced_works_count":35,"referenced_works":["https://openalex.org/W656836029","https://openalex.org/W1520817159","https://openalex.org/W1557851547","https://openalex.org/W1585500105","https://openalex.org/W1594443466","https://openalex.org/W1979436160","https://openalex.org/W1985808284","https://openalex.org/W2033096392","https://openalex.org/W2034707435","https://openalex.org/W2038798179","https://openalex.org/W2046847749","https://openalex.org/W2049440762","https://openalex.org/W2050031929","https://openalex.org/W2051743697","https://openalex.org/W2065601052","https://openalex.org/W2066057057","https://openalex.org/W2087955180","https://openalex.org/W2090493431","https://openalex.org/W2095364399","https://openalex.org/W2103063054","https://openalex.org/W2108032253","https://openalex.org/W2110603299","https://openalex.org/W2132130057","https://openalex.org/W2134299752","https://openalex.org/W2142856961","https://openalex.org/W2154187126","https://openalex.org/W2162133176","https://openalex.org/W2178225550","https://openalex.org/W2223768511","https://openalex.org/W3121756679","https://openalex.org/W3123062772","https://openalex.org/W3123063342","https://openalex.org/W3123291754","https://openalex.org/W3141161538","https://openalex.org/W4388076604"],"related_works":["https://openalex.org/W7098655648","https://openalex.org/W3139490883","https://openalex.org/W2090493431","https://openalex.org/W3091550026","https://openalex.org/W3006168365","https://openalex.org/W2221723916","https://openalex.org/W3123924716","https://openalex.org/W7097355408","https://openalex.org/W4400143072","https://openalex.org/W1919062182"],"abstract_inverted_index":{"The":[0,55,79],"study":[1],"investigated":[2],"the":[3,15,18,21,26,31,43,47,61],"relationship":[4,45,72],"between":[5,46,73],"asymmetric":[6,77],"information":[7,94,110],"and":[8,35,70,76],"dividend":[9,62,74,88,104],"policy":[10,75,89,105],"in":[11],"Nigeria.":[12],"To":[13],"carryout":[14],"research":[16],"work,":[17],"researcher":[19,56],"employed":[20],"unit":[22],"root":[23],"test":[24,34,51],"using":[25],"augmented":[27],"Dickey":[28],"Fuller":[29],"test,":[30],"Johanson":[32],"cointegration":[33],"then":[36],"vector":[37],"error":[38],"correction":[39],"model":[40],"to":[41],"ascertain":[42],"long-run":[44],"variables.":[48],"Granger":[49,80],"causality":[50,81],"was":[52],"also":[53],"used.":[54],"found":[57],"supportive":[58],"evidence":[59],"for":[60],"signaling":[63],"theory.":[64],"Thus,":[65],"there":[66],"is":[67,103],"a":[68,97],"positive":[69],"significant":[71],"information.":[78],"tests":[82],"at":[83],"lag":[84],"2":[85],"suggested":[86],"that":[87],"has":[90],"causal":[91],"impact":[92],"on":[93],"asymmetry":[95],"without":[96],"reverse":[98],"or":[99,107],"feedback":[100],"effect.":[101],"That":[102],"drives":[106],"granger":[108],"causes":[109],"asymmetry.":[111]},"counts_by_year":[{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":3},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":2},{"year":2016,"cited_by_count":1},{"year":2014,"cited_by_count":1}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2016-06-24T00:00:00"}
