000			01511nam a22002057a 4500
999			_c51448 _d51448
003			OSt
005			20190614114030.0
008			190614b ||||| |||| 00| 0 eng d
100			_aNusrathunnisa _933759
245			_aDoes Lintner Model Explain Dividend Payments of the Indian Banking Sector ?
300			_a7-25 p.
520			_aThe present paper attempted to explain the applicability of Lintner models of dividend policy in the banking sector in India. This study was based upon a sample of 21 public and private banks belonging to the Indian banking sector for the period from 2006 to 2015. Lintner's basic model, cash flow model, and segregated cash flow model were found to be the most appropriate in explaining the dividend behaviour in case of constituent banks of the Indian banking sector. Panel data models were used to validate Lintner models of dividend policy. The explanatory variables such as EPS, lagged dividend, cash flow, and capex were found to be the most important variables that affected the current dividend policy of the Indian banks. On the practical dimension, such information should help the banking firms in creating appropriate strategies to improve the dividend payment and firms' performance.
653			_aEPS, cash flow
653			_alagged dividend
653			_acapital expenditure
653			_aLintner models
700			_aDuraipandian, R. _933760
773	0		_029384 _974308 _aGILANI,S. _o55510159 _tINDIAN JOURNAL OF FINANCE _x0973-8711
942			_2ddc _cJA-ARTICLE