Determinants of Dividend : An Empirical Study.
Material type:
TextSeries: Finance India ; XXXIII(3). Description: 685-69 pSubject(s):
In:
AGRAWAL, J.D. Finance IndiaSummary: The purpose of this study is to scrutinize the effect of various determinants available as per literature on dividend payout ratio of companies in India. The focus is on finding the answer to the question "Has the dividend puzzle as stated by Black (1976) been resolved yet?"This study uses techniques of factor analysis to discover the relationship between key variables. In all, fifteen variables have been taken to make the study more exhaustive. The study is based on a sample of NIFTY companies listed on National Stock Exchange for the period of 2003-2014. Results reveal that leverage and profitability have strong bearing on dividend policy of selected companies under study whereas liquidity, ownership and growth do not show much impact on the dividends. It provides a comprehensive framework that can be useful to companies, investors and regulators of companies in India. [ABSTRACT FROM AUTHOR]
| Item type | Current library | Call number | Vol info | Status | Notes | Date due | Barcode | Item holds | |
|---|---|---|---|---|---|---|---|---|---|
Journal Article
|
Main Library | Vol 33, Issue 3/ 55511228JA7 (Browse shelf(Opens below)) | Available | 55511228JA7 | |||||
Journals and Periodicals
|
Main Library On Display | JP/FIN/Vol 33, Issue 3/55511228 (Browse shelf(Opens below)) | Vol 33, Issue 3 (06/04/2023) | Not for loan | September, 2019 | 55511228 |
The purpose of this study is to scrutinize the effect of various determinants available as per literature on dividend payout ratio of companies in India. The focus is on finding the answer to the question "Has the dividend puzzle as stated by Black (1976) been resolved yet?"This study uses techniques of factor analysis to discover the relationship between key variables. In all, fifteen variables have been taken to make the study more exhaustive. The study is based on a sample of NIFTY companies listed on National Stock Exchange for the period of 2003-2014. Results reveal that leverage and profitability have strong bearing on dividend policy of selected companies under study whereas liquidity, ownership and growth do not show much impact on the dividends. It provides a comprehensive framework that can be useful to companies, investors and regulators of companies in India. [ABSTRACT FROM AUTHOR]
There are no comments on this title.