There has been a number of attempts to interpret John Stuart Mill’s recantation from the Wages Fund doctrine in 1869. This article attempts to analyze the recantation using a framework which takes account of the development and decline of the wages fund doctrine as a whole. The framework...

The findings of this research suggests that the Nigerian private investors like their counterparts elsewhere (e.g. the U.S.A. and the U.K.) do like both capital appreciation and dividend income. Furthermore, the majority of the respondents preferred to invest in ordinary shares rather than in...