Dividend payments are deemed to be an effective instrument that minimizes agency problems between managers and shareholders by increasing potential default risk of firms and thereby reducing the available funds to managers. This study examines the impact of corporate governance mechanisms on dividend policy in Nigerian food product firms. The study employed the ordinary least square regression in analyzing the data gathered for the periods of 2008 to 2012. Result shows Board size, Board composition, Audit committee composition and CEO dual have a positive effect on dividend policy. The study recommend that , the positions of board chairmanship and CEO should be separated, and also competent
Download