Abstract: Studies on the relationship between ownership structure and dividend policies in Kenya has produced mixed results hence the need for further research in this area with the main focus on the banking industry. The purpose of the study was to find the influence of management ownership on dividend policy of commercial banks in Kenya. The study was guided by the agency theory. Descriptive survey was adopted as the main research design for the study. The target populations were all the 43 commercial banks licensed to operate in Kenya and all the chief finance officers employed by the 43 commercial banks. A census approach was adopted with 43 commercial banks being targeted in the study the study collected primary data by administering a structured questionnaire. The results of the study showed a positive relationship between management ownership and dividend policy. The study recommends that investors consider ownership structure when making investment decisions.
Keywords: Management Ownership, Ownership Structure, Dividend Policy.
Title: Influence of Management Ownership on Dividend Policy of Commercial Banks in Kenya
Author: Fred Wasike, Dr. Shedrack Mbithi Mutua, Mr. Munir Mganda
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
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