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This paper examines the consistence of the determinants of dividend payout in financial and non-financial firms in Ghana. The sample for the study was drawn from listed firms on the Ghana stock exchange from 2000 to 2009.The study used ordinary least squares panel regression model to estimate the determinants of dividend payout. The results revealed that, out of the factors shown to have effect on dividend payout (i.e. profitability, board size, leverage and taxes) only board size exhibited consistence for both financial and non-financial firms in Ghana.
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In-Text Citation: (Nuhu et al., 2014)
To Cite this Article: Nuhu, E., Musah, A., & Senyo, D. B. (2014). Determinants of Dividend Payout of Financial Firms and Non-Financial Firms in Ghana. International Journal of Academic Research in Accounting Finance and Management Sciences, 4(3), 148–160.
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