Volume 1 Number 6 October 2015

Can Nigeria Achieve Millennium Development Goals?

Authors: Lawal Adedoyin Isola ; Awonusi Frank ; Babalola Kehinde Leke
Pages: 72-78
As the deadline of December 2015 for the achievement of the Millennium Development Goals (MDGs) approaches, this paper examined using non-parametric econometric techniques-Deviation Measurement Equation Tests- the achievement recorded in Nigeria, and observed that the level of achievement of this goal are mixed in nature. For instance while MDGs 1, 2, 3 and 7 are near total achieved, goals 4, 5 and 8 are on course to be achieved, however a wide gap exists between achieved and expected achievement of the goal 6. This paper therefore recommends that an aggressive approach should be adopted so as to achieve the desired results for all the goals.

Determinants of Dividend Yield in the Case of Indian Companies

Authors: Dhanya Alex ; Aiswarya Krishnan
Pages: 66-71
The dividend policy of a firm is a major aspect of corporate financial management. It has possible effects on share prices, financing through retained profits, equity financing and gearing ratio. The present study examines the determinants of corporate dividend decision of Indian companies included in the Nifty 50 and Nifty Junior as on 1st October 2014. The data has been sourced from CMIE Prowess database.In order to identify the determinants of dividend yield, organizational variables like Age of the firm(AGE),Earnings Per Share(EPS),Market Price To Book Value Ratio(MBR),Market Capitalization (MCAP) and Debt-Equity Ratio (DER)  were used as independent variables. The results of the regression shows that Market Capitalization and Earnings Per Share has significant influence on dividend decision of a company whereas others factors like Age, Market Price To Book Value Ratio and Debt-Equity Ratio did not show a significant relationship with dividend yield.