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Research Article
Vol. 10, Issue 1
DO FIRMS SMOOTH THEIR DIVIDEND OVER TIME? EVIDENCE FROM LISTED MANUFACTURING FIRMS IN NIGERIA
Finance scholars have long engaged in theorizing the tendency of firmsto smooth dividend or not to smooth given the nature of the environmentin which the companies operate. This study examines dividend changesof manufacturing firms in Nigeria. The study develops two hypothesesand applies generalized least square using Least Squares DummyVariable (L...