dc.contributor.author | Ochieng, Duncan Elly | |
dc.contributor.author | Mlangi, Mambo | |
dc.date.accessioned | 2013-05-16T06:37:14Z | |
dc.date.available | 2013-05-16T06:37:14Z | |
dc.date.issued | 2013-04-22 | |
dc.identifier.citation | Prime Journal of Business Administration and Management (BAM), Vol. 3(3), pp. 22nd April, 2013 | en |
dc.identifier.issn | 2251-1261 | |
dc.identifier.uri | http://erepository.uonbi.ac.ke:8080/xmlui/handle/123456789/23444 | |
dc.description | Full Text | en |
dc.description.abstract | Earlier studies conducted have a mixed opinion on the effect of inflation on dividend payout. Due to the nominal
increase in the volumes of money, which result from the increase in inflation, at least for a short run, some
studies have concluded that inflation has a positive effect on dividend payout. However, in the long run, studies
in general seem to show that the inflation rate and stock returns are negatively related. This study, which
considers a sample of all the firms that consistently paid dividend between the year 2002 to 2011 and were
listed at the Nairobi Security Exchange showed that, inflation rate has no impact on the dividend payout.
However, other variables considered, that is, the spot Dollar exchange rate to Kenya Shillings, the Volumes of
Money Supply and the T-Bill rate (91 day rate) show mixed results. The study reveals that, the exchange rate
and the T-Bill rate have a positive correlation with dividend payout, while volume of money supplied has no
impact on the dividend payout. | en |
dc.language.iso | en | en |
dc.publisher | Prime Journal of Business Administration & Management (BAM) | en |
dc.subject | Nairobi Securities Exchange (NSE) | en |
dc.subject | Dividend Payout | en |
dc.subject | Inflation | en |
dc.subject | Exchange Rate | en |
dc.subject | Money Supply | en |
dc.subject | T-Bill rate | en |
dc.title | Relationship between inflation and dividend payout for companies listed at the Nairobi Securities Exchange | en |
dc.type | Article | en |
local.publisher | School of Business, University of Nairobi | en |