“Dividend Policy and Share Prices” (The Case of Private Banks in Ethiopia)
| dc.contributor.advisor | Polanna, Venakati (PhD) | |
| dc.contributor.author | Teame, Berhane | |
| dc.date.accessioned | 2018-10-26T11:56:06Z | |
| dc.date.accessioned | 2023-11-04T09:04:25Z | |
| dc.date.available | 2018-10-26T11:56:06Z | |
| dc.date.available | 2023-11-04T09:04:25Z | |
| dc.date.issued | 2011-06 | |
| dc.description.abstract | Effort was made to see any association between dividends and share prices by observing six private banks in Ethiopia. Data was taken for six years (2005 – 2010 G.C.) and descriptive statistics employed with the objective of examining the presumed association between dividends and share prices. The dividend discount model was used to calculate ideal share prices at the banks. The results show there is a strong association between the crude measures of dividends and share prices. Earnings per Share are also strongly correlated with share prices. The Pearson’s moment correlation coefficients are statistically significant at 95% confidence level. However, evidence did not support the association between the real measures of dividends and share prices. Also, the actual share prices are a bit higher than model determined share prices for all the six banks. With much decision regarding the dividends and share premiums left to the general meetings of shareholders’, it is not clear whether dividends or EPS or other variables determines the share prices of Ethiopian private banks. | en_US |
| dc.identifier.uri | http://etd.aau.edu.et/handle/123456789/13287 | |
| dc.language.iso | en | en_US |
| dc.publisher | Addis Ababa University | en_US |
| dc.subject | “Dividend Policy | en_US |
| dc.subject | and Share Prices | en_US |
| dc.title | “Dividend Policy and Share Prices” (The Case of Private Banks in Ethiopia) | en_US |
| dc.type | Thesis | en_US |