The Effects of Dividend Policy on the Growth of Micro Financial Institutions in Bamenda

Tosam Joseph Ngong; Ndamsa Dickson Thomas

doi:doi:10.11648/j.jbed.20240901.12

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The Effects of Dividend Policy on the Growth of Micro Financial Institutions in Bamenda

Tosam Joseph Ngong^*, Ndamsa Dickson Thomas^*

Published in Journal of Business and Economic Development (Volume 9, Issue 1)

Received: 13 October 2022 Accepted: 11 November 2022 Published: 19 March 2024

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Abstract

This paper titled the effects of dividend policy on the growth of micro financial institutions in Bamenda has the objectives to look at the effects of dividend rate on the growth of MFIs Bamenda and the effect of decision of dividend payment on the growth of MFIs in Bamenda. The paper employed the use of secondary data which was accumulated through from 49 Micro Financial Institutions in Bamenda which was the population, the ordinarily least squares model was used. Descriptive statistics was utilized and analysis was done using the SPSS25 program application. Moreover, interpretations were made based on the results gotten. The study demonstrated that dividend rate and decision of dividend payment had a positive and significant effect on the growth of Micro Financial Institutions in Bamenda, the results also revealed that Access to capital markets has a negative insignificant effect on assets, therefore policies that enhance participation in capital markets will lead to a decrease in assets. The paper suggests that MFIs should set appropriate dividend rates so as to continue growing their institutions. MFIs that don't pay dividend but aim to grow ought to begin paying dividend to members.

Published in	Journal of Business and Economic Development (Volume 9, Issue 1)
DOI	10.11648/j.jbed.20240901.12
Page(s)	10-20
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Dividend Rate, Decision of Dividend Payment Growth, Micro Financial Institutions

References

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APA Style

Ngong, T. J., Thomas, N. D. (2024). The Effects of Dividend Policy on the Growth of Micro Financial Institutions in Bamenda. Journal of Business and Economic Development, 9(1), 10-20. https://doi.org/10.11648/j.jbed.20240901.12

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ACS Style

Ngong, T. J.; Thomas, N. D. The Effects of Dividend Policy on the Growth of Micro Financial Institutions in Bamenda. J. Bus. Econ. Dev. 2024, 9(1), 10-20. doi: 10.11648/j.jbed.20240901.12

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AMA Style

Ngong TJ, Thomas ND. The Effects of Dividend Policy on the Growth of Micro Financial Institutions in Bamenda. J Bus Econ Dev. 2024;9(1):10-20. doi: 10.11648/j.jbed.20240901.12

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@article{10.11648/j.jbed.20240901.12,
  author = {Tosam Joseph Ngong and Ndamsa Dickson Thomas},
  title = {The Effects of Dividend Policy on the Growth of Micro Financial Institutions in Bamenda},
  journal = {Journal of Business and Economic Development},
  volume = {9},
  number = {1},
  pages = {10-20},
  doi = {10.11648/j.jbed.20240901.12},
  url = {https://doi.org/10.11648/j.jbed.20240901.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jbed.20240901.12},
  abstract = {This paper titled the effects of dividend policy on the growth of micro financial institutions in Bamenda has the objectives to look at the effects of dividend rate on the growth of MFIs Bamenda and the effect of decision of dividend payment on the growth of MFIs in Bamenda. The paper employed the use of secondary data which was accumulated through from 49 Micro Financial Institutions in Bamenda which was the population, the ordinarily least squares model was used. Descriptive statistics was utilized and analysis was done using the SPSS25 program application. Moreover, interpretations were made based on the results gotten. The study demonstrated that dividend rate and decision of dividend payment had a positive and significant effect on the growth of Micro Financial Institutions in Bamenda, the results also revealed that Access to capital markets has a negative insignificant effect on assets, therefore policies that enhance participation in capital markets will lead to a decrease in assets. The paper suggests that MFIs should set appropriate dividend rates so as to continue growing their institutions. MFIs that don't pay dividend but aim to grow ought to begin paying dividend to members.
},
 year = {2024}
}

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TY  - JOUR
T1  - The Effects of Dividend Policy on the Growth of Micro Financial Institutions in Bamenda
AU  - Tosam Joseph Ngong
AU  - Ndamsa Dickson Thomas
Y1  - 2024/03/19
PY  - 2024
N1  - https://doi.org/10.11648/j.jbed.20240901.12
DO  - 10.11648/j.jbed.20240901.12
T2  - Journal of Business and Economic Development
JF  - Journal of Business and Economic Development
JO  - Journal of Business and Economic Development
SP  - 10
EP  - 20
PB  - Science Publishing Group
SN  - 2637-3874
UR  - https://doi.org/10.11648/j.jbed.20240901.12
AB  - This paper titled the effects of dividend policy on the growth of micro financial institutions in Bamenda has the objectives to look at the effects of dividend rate on the growth of MFIs Bamenda and the effect of decision of dividend payment on the growth of MFIs in Bamenda. The paper employed the use of secondary data which was accumulated through from 49 Micro Financial Institutions in Bamenda which was the population, the ordinarily least squares model was used. Descriptive statistics was utilized and analysis was done using the SPSS25 program application. Moreover, interpretations were made based on the results gotten. The study demonstrated that dividend rate and decision of dividend payment had a positive and significant effect on the growth of Micro Financial Institutions in Bamenda, the results also revealed that Access to capital markets has a negative insignificant effect on assets, therefore policies that enhance participation in capital markets will lead to a decrease in assets. The paper suggests that MFIs should set appropriate dividend rates so as to continue growing their institutions. MFIs that don't pay dividend but aim to grow ought to begin paying dividend to members.

VL  - 9
IS  - 1
ER  -

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Author Information

Tosam Joseph Ngong

Faculty of Economics and Management Sciences, University of Bamenda, Bamenda, Cameroon

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Ndamsa Dickson Thomas

Faculty of Economics and Management Sciences, University of Bamenda, Bamenda, Cameroon

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Plain Text BibTeX RIS

APA Style

Ngong, T. J., Thomas, N. D. (2024). The Effects of Dividend Policy on the Growth of Micro Financial Institutions in Bamenda. Journal of Business and Economic Development, 9(1), 10-20. https://doi.org/10.11648/j.jbed.20240901.12

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ACS Style

Ngong, T. J.; Thomas, N. D. The Effects of Dividend Policy on the Growth of Micro Financial Institutions in Bamenda. J. Bus. Econ. Dev. 2024, 9(1), 10-20. doi: 10.11648/j.jbed.20240901.12

Copy | Download

AMA Style

Ngong TJ, Thomas ND. The Effects of Dividend Policy on the Growth of Micro Financial Institutions in Bamenda. J Bus Econ Dev. 2024;9(1):10-20. doi: 10.11648/j.jbed.20240901.12

Copy | Download

@article{10.11648/j.jbed.20240901.12,
  author = {Tosam Joseph Ngong and Ndamsa Dickson Thomas},
  title = {The Effects of Dividend Policy on the Growth of Micro Financial Institutions in Bamenda},
  journal = {Journal of Business and Economic Development},
  volume = {9},
  number = {1},
  pages = {10-20},
  doi = {10.11648/j.jbed.20240901.12},
  url = {https://doi.org/10.11648/j.jbed.20240901.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jbed.20240901.12},
  abstract = {This paper titled the effects of dividend policy on the growth of micro financial institutions in Bamenda has the objectives to look at the effects of dividend rate on the growth of MFIs Bamenda and the effect of decision of dividend payment on the growth of MFIs in Bamenda. The paper employed the use of secondary data which was accumulated through from 49 Micro Financial Institutions in Bamenda which was the population, the ordinarily least squares model was used. Descriptive statistics was utilized and analysis was done using the SPSS25 program application. Moreover, interpretations were made based on the results gotten. The study demonstrated that dividend rate and decision of dividend payment had a positive and significant effect on the growth of Micro Financial Institutions in Bamenda, the results also revealed that Access to capital markets has a negative insignificant effect on assets, therefore policies that enhance participation in capital markets will lead to a decrease in assets. The paper suggests that MFIs should set appropriate dividend rates so as to continue growing their institutions. MFIs that don't pay dividend but aim to grow ought to begin paying dividend to members.
},
 year = {2024}
}

Copy | Download

TY  - JOUR
T1  - The Effects of Dividend Policy on the Growth of Micro Financial Institutions in Bamenda
AU  - Tosam Joseph Ngong
AU  - Ndamsa Dickson Thomas
Y1  - 2024/03/19
PY  - 2024
N1  - https://doi.org/10.11648/j.jbed.20240901.12
DO  - 10.11648/j.jbed.20240901.12
T2  - Journal of Business and Economic Development
JF  - Journal of Business and Economic Development
JO  - Journal of Business and Economic Development
SP  - 10
EP  - 20
PB  - Science Publishing Group
SN  - 2637-3874
UR  - https://doi.org/10.11648/j.jbed.20240901.12
AB  - This paper titled the effects of dividend policy on the growth of micro financial institutions in Bamenda has the objectives to look at the effects of dividend rate on the growth of MFIs Bamenda and the effect of decision of dividend payment on the growth of MFIs in Bamenda. The paper employed the use of secondary data which was accumulated through from 49 Micro Financial Institutions in Bamenda which was the population, the ordinarily least squares model was used. Descriptive statistics was utilized and analysis was done using the SPSS25 program application. Moreover, interpretations were made based on the results gotten. The study demonstrated that dividend rate and decision of dividend payment had a positive and significant effect on the growth of Micro Financial Institutions in Bamenda, the results also revealed that Access to capital markets has a negative insignificant effect on assets, therefore policies that enhance participation in capital markets will lead to a decrease in assets. The paper suggests that MFIs should set appropriate dividend rates so as to continue growing their institutions. MFIs that don't pay dividend but aim to grow ought to begin paying dividend to members.

VL  - 9
IS  - 1
ER  -

Copy | Download