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Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/8548

Title: Dividend payout and stock price volatility among financial institutions listed on the Ghana Stock Exchange
Authors: ASAFO-ADJEI, BENJAMIN
Issue Date: 8-Apr-2016
Abstract: The objective of this study was to find out the effect of dividend payout on share price volatility among financial institutions listed on the Ghana Stock Exchange. Financial statements and the historic stock prices of ten financial institutions listed on the Ghana Stock Exchange for a period of six years (2008-2013) was utilized for calculating price volatility, earning per share, stock dividend, debt and profit after tax which were key variables of much relevance to the study. By using standard multiple regression analysis, the study was able to find out the predictive relationship between the dependent variable (price volatility) and independent variables (stock dividend, earning per share, profit after tax and debt). The findings of the study showed that, out of the four independent variables, only earnings per share significantly determined the stock price volatility of financial institutions listed on the Ghana Stock Exchange. The other independent variables which include stock dividend, profit after tax and debt did not significantly determine the volatility in stock prices of financial institutions listed on the Ghana Stock Exchange.
Description: A Thesis submitted to the School of Business, Kwame Nkrumah University of Science and Technology in partial fulfillment of the requirements for the award of a Master of Business Administration Degree in Finance, 2015
URI: http://hdl.handle.net/123456789/8548
Appears in Collections:College of Arts and Social Sciences

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