Browsing by Author "GALLEY WISDOM"

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    Effect of corporate social responsibility on dividend payout of listed firms in ghana: the role of firm size
    (KNUST, 2023) GALLEY WISDOM
    This study examined the effect of CSR on the dividend policy of listed firms in Ghana using firm size as a moderator. The study design was quantitative since the data for the study was numerical in nature. The study covered firms listed on the Ghana stock exchange. The period of the data span from 2010 to 2021. The study sampled 24 firms listed on the Ghana stock exchange. The data was analyzed using profit regression. The study found that CSR had a significant positive effect on dividend policy. This suggests that the increase in CSR activities drives an increase in dividend payments. Also, the study found that firm size had a significant positive effect on dividend policy. This suggests that an increase in firm size leads to an increase in dividend policy. Finally, the study that firm size positively moderates the relationship between CSR and dividend policy suggesting that firm size strengthened the relationship between CSR and dividend policy. It is recommended that firms should prioritize both CSR and dividend policy in order to reap the benefits of both and maintain a strong, sustainable business. This may involve regularly reviewing and adjusting their CSR initiatives and dividend policies, and considering the needs and expectations of stakeholders. Firms can also use CSR to build their reputation and attract investors, which can positively impact their financial performance.