Dividend policy is a critical decision area in the field of finance the subject of corporate dividend policy has captivated finance scholars for a long time, resulting in intensive theoretical modeling and empirical investigation but several questions related to dividend decisions remain . Determinants of dividend policy the payment of dividend involves some legal as well as financial considerations it is difficult to determine a general dividend policy which can be followed by different firms at different times because dividend decision has to be taken considering the special circumstances of an individual case. The dividend policy of a firm has also to be adjusted to the economic policy of the government as was the case when the temporary restriction on payment of dividend ordinance was in force in 1974 and 1975, companies were allowed to pay dividends not more than 33 per cent of their profits or 12 per cent on the paid-up value of the shares . Determinants of the dividend policy of companies listed on emerging stock exchanges: the case of the gulf cooperation council (gcc) countries by duha al-kuwari.
Key words dividends, determinants, consistence, dividend policy refers to ^the practice that determinants of dividend payout considered in his study of firms . The aim of the study is to investigate the determinants of dividend policy of pakistani banking sector for this purpose, we used data of 27 foreign and domestic banks operating in islamic and . Thus, dividend policy in emerging markets is different, in nature and characteristics, from that of developed markets (black, 1976, glen et al, 1995) the debate on dividend policy can gain additional insights by investigating mena emerging markets. Dividend and determinants of dividend policy as the d/p ratio increasesdividend payout ratio: case a: 50% case b: 25% show the effect of the dividend policy on .
Determinants of corporate dividend policy in emerging markets: evidence from mena stock markets. Determinants of dividend policy: evidence from gcc market understanding the financial determinants of the dividend payout policies in the gulf region by examining . This article examines the determinants of corporate dividend policy of listed firms in greece as a case study of an emerging market country the analysis is based on 945 firm year observations of 63 nonfinancial firms which paid dividends annually from 1993 to 2007 the study uses the generalized . Determinants of dividend policy the term dividend refers to that part of profits of a company which is distributed by the company among its shareholders it is the reward of the shareholders for investments made by them in the shares of the company.
Determinants of dividend payout policy in public ltd banks in kenya: a case study of cfc stanbic bank dividend policy has been analyzed for many decades, but no universally accepted explanation for companies observed dividend behavior has been established. Case of higher insider ownership, agency cost will be lower and firms will retain more to reinvest determinants of the dividend payout policy: a study on listed . This paper explores the determinants of the dividend policy of firms in the japanese electrical appliances industry first, our empirical investigationsreveal that in this industry, corporate managers do not cater to investors’ demands in both their dividend initiation and continuation decisions . He found that the current year’s earnings is the foremost factor affecting the dividend behaviour of a firm and concludes that indian decision, vol 37, no 2, august, 2010 the determinants of corporate dividend policy 66 companies follow a stable cash dividend policy. The determinants of dividend payout policy and could help the in such case the lenders will act as monitoring units and hence exerting a.
In case the firm has easy access to the capital market, it can follow a liberal dividend policy if the firm has only limited access to capital markets, it is likely to adopt a low dividend payout ratio. Pdf | ever since the work of john lintner (1956), followed by the work of miller and modigliani (1961), dividend policy remains a controversial issue some of the questions that remain unanswered . 204 magambo evelyne f: determinants of dividend policy for companies listed at dar es salaam security exchange (dse), a case of selected listed companies. This paper investigates the determinants of dividend policies for firms listed on gulf co-operation council (gcc) country stock exchanges this is a case study of emerging stock exchanges, where the determinants of dividend policy have received little attention this study used a panel dataset of .
But there is limited research on determinants of dividend policy of banking or financial sector all over the world, as for my knowledge, this is the first research on “determinants of dividend policy of pakistani banking industry”. Determinants of dividend smoothing in emerging market: the case of korea role of interest rate in dividend policy that is speciﬁc to korean ﬁrms the act . Dividend policy in kuwait in an empirical study that investigates the relationship between dividend, investment and financing decisions, partington (1985) has recognized the existence of many motives other than investing in profitable projects that affect the dividend decisions rejecting the residual notion of dividend policy. Determinants of dividend payout ratios the dividend payout policy is one of the most debated topics within corporate finance if this would be the case, no .
The return on investment can be divided in capital gain and dividend payouts it is a difficult task for management to allocate a sufficient amount in both segments, especially to prevent from agency problems the firms pay dividends only when enough amounts have after meeting their requirements and . Imad jabbouri, determinants of corporate dividend policy in emerging markets: evidence from mena the dividend puzzle as a case study, . Some of the most important determinants of dividend policy are: (i) type of industry (ii) age of corporation (iii) extent of share distribution (iv) need for additional capital (v) business cycles (vi) changes in government policies (vii) trends of profits (vii) trends of profits (viii) taxation .