[Adediran, S. A.; Alade, S. O. (2013). Dividend policy and corporate performance in Nigeria. American Journal of Social and Management Sciences 4(2): 71–77.]Search in Google Scholar
[Alnaaem, A.; Alnaaemi, A. (2010). Financial Management Theory and Practice (4th ed.).]Search in Google Scholar
[Anike, E. A. (2014). The impact of dividend policy and earnings on stock prices of Nigeria Banks. Published M.Sc. project. University of Nigeria, Nsukka.]Search in Google Scholar
[Balagobei, S. (2018). Corporate governance and firm performance: Empirical evidence from emerging market. Asian Economic and Financial Review 8(12): 1415–1421.]Search in Google Scholar
[Barasa, J. M. (2014). Effects of investments appraisal methods on shareholder’s wealth for companies listed in Nairobi Security Exchange. Journal of Business and Management 16(10): 79–94.]Search in Google Scholar
[Brigham, E. F.; Ehrhardt, M. C. (2013). Financial management: Theory & practice. London: South-Western Cengage Learning.]Search in Google Scholar
[Brounen, D. A.; Jong, D.; Koedijk, K. (2004). Corporate finance in Europe: Confronting theory with practice. Financial Management 33(4): 71–101.]Search in Google Scholar
[Castelo, B. M. (2013). Shareholder theory. In: Encyclopedia of Corporate Social Responsibility. Springer Berlin Heidelberg. 2136–2141. DOI 10.1007/978-3-642-28036-8_31.10.1007/978-3-642-28036-8_31]Open DOISearch in Google Scholar
[Castelo, B. M.; Rodriques, L. L. (2007). Positioning stakeholder theory within the debate on corporate social responsibility. EJBO – Electronic Journal of Business Ethics and Organization Studies 12(1): 5–15.]Search in Google Scholar
[Dayananda, D. (2002). Capital budgeting: An overview. Journal of Finance and Business Management 1: 1–22.10.1017/CBO9780511753701]Search in Google Scholar
[De-Almeida, J.; Eid Jr., W. (2014). Access to finance, working capital management and company value: Evidences from Brazilian companies listed on BM & FBOVESPA. Journal of Business Research 67: 924–934.]Search in Google Scholar
[Diepiriye, S. D. (2018). Human resource accounting and shareholders wealth maximization: Empirical study of Nigeria quoted manufacturing firms. International Journal of Business and Management Future 2(1): 38–47.]Search in Google Scholar
[Elly, D. O.; Hellen, W. K. (2013). Relationship between inflation and dividend payout for companies listed at the Nairobi Securities Exchange. International Journal of Education and Research 1(6): 1–8.]Search in Google Scholar
[Friedman, M. (1970). The social responsibility of business responsibility is to increase its profits. New York Times Magazine September 13: 32–33.]Search in Google Scholar
[Gul, A. F.; Lai, K.; Saffar, W.; Zhu, K. X. (2015). Political institutions, stock market liquidity and firm dividend policy. Conference paper at Monash University, Hong Kong.]Search in Google Scholar
[Huangy, T.; Wuz, F.; Yux, J.; Zhang, B. (2013). Political uncertainty and dividend policy: Evidence from international political crises. Retrieved on 3rd July, 2018 from http://www.business.unsw.edu.au.]Search in Google Scholar
[Maness, T. S.; Zietlow, J. T. (2005). Short-term financial management. Ohio: South-Western Thomson Learning.]Search in Google Scholar
[Mirbagherijam, M. (2014). Asymmetric effect of inflation on dividend policy of Iran’s stocks market. International Journal of Academic Research in Business and Social Sciences 4(2): 337.]Search in Google Scholar
[Munyua, P. N. (2012). Effect of dividend policy on stock prices for firms listed at the Nairobi Securities Exchange. Published MBA project, University of Nairobi, Nairobi, Kenya.]Search in Google Scholar
[Ogundipe, S. E.; Idowu, A.; Ogundipe, L. O. (2012). Working capital management, firms’ performance and market valuation in Nigeria. International Journal of Social, Behavioral, Educational, Economic, Business and Industrial Engineering 6(1): 124–128.]Search in Google Scholar
[Ojo, O. O. (1998). Quantitative and qualitative analysis of wastes from Nigeria’s brewery industry. M. Eng. Project, Dept. of Agric. Engineering, FUT, Minna, Nigeria.]Search in Google Scholar
[Okere, R. (2012). Nigeria’s food, beverage industry riding above the storm. Guardian. Retrieved from: http://www.ngrguardiannews.com. Accessed on: 3 December 2012.]Search in Google Scholar
[Oseifuah, E. K.; Gyekye A. (2017). Working capital management and shareholders’ wealth creation: Evidence from non-financial firms listed on the Johannesburg Stock Exchange. Investment Management and Financial Innovations 14(1): 80–88.]Search in Google Scholar
[Ozuomba, C. N.; Anichebe A. S.; Okoye P. V. C. (2016). The effect of dividend policies on wealth maximization – A study of some selected plcs. Cogent Business & Management 3(1): 1–15.]Search in Google Scholar
[Popoola, C. F.; Akinsanya, K.; Babarinde, S. B.; Farinde, D. A. (2014). Published financial statement as a correlate of investment decision among commercial bank stakeholders in Nigeria. International Journal of Economics and Management Engineering 8(1): 41–46.]Search in Google Scholar
[Ringier Trade Media Ltd. (2015). Nigeria’s food and beverage industry sustains robust growth. Retrieved on: 24 May 2018, from: http://www.industrysourcing.com/article/Nigeria-food-and-beverage-industry-sustains-robust-growth.]Search in Google Scholar
[Singh, P. K.; Pattanayak, J. K. (2014). Linking of customer satisfaction with shareholder’s value: A review. Global Journal of Finance and Management 6(5): 403–412.]Search in Google Scholar
[Sneirson, J. F. (2007). Article, doing well by doing good: Leveraging due care for better, more socially responsible corporate decision making. Corporate Governance Law Review 3: 438–482.]Search in Google Scholar
[Taver, E. (2015). Does the trade-off model or pecking order play a greater role in capital budgeting? Retrieved from: http://www.invetsopedia.com/ask/answers/052215.]Search in Google Scholar
[Tufuor, A.; Duko, N. K.; Doku, J. N. (2013). Capital budgeting practices in emerging market. Economics Research Journal of Finance and Accounting 4(17): 26–35.]Search in Google Scholar
[Tuoyo, C. A. (2017). Capital budgeting and shareholder wealth maximization in the Nigerian Commercial Banks. Ph.D. thesis submitted to the Department of Business Administration and Marketing, Babcock University, Ilisan Remo, Ogun State, Nigeria.]Search in Google Scholar
[Uwah, U. E.; Asuquo, A. E. (2016). Capital budgeting processes and wealth maximization objective: Implications for firms in Nigeria. Research Journal of Finance and Accounting 7(10): 73–85.]Search in Google Scholar
[Uwem E. U.; Akabom I. A. (2016). Capital Budgeting Processes and Wealth Maximization Objective: Implications for Firms in Nigeria. Research Journal of Finance and Accounting 7(10): 73–85.]Search in Google Scholar
[Zayol, P. I.; Agaregh T.; Eneji, B. E. (2017). Effect of financial information on investment decision making by shareholders of banks in Nigeria. IOSR International Journal of Economics and Finance 8(3): 20–31.]Search in Google Scholar
[Zubair A. K.; Irem H. (2018). Shareholders wealth maximization: Objective of financial management revisited. International Journal of Enhanced Research in Management & Computer Applications 7(3): 739–741.]Search in Google Scholar