In Pakistani Service Industry: Dividend Payout Ratio as Function of some Factors
The purpose of this paper is to find that dividend payout ratio is the function of Corporate Profitability, Cash Flow, Tax, Sales Growth and Debt to Equity ratio. For seeking out the dividend payout ratio relationship of with the Corporate Profitability, Cash Flow, Tax, Sales Growth and Debt to Equity ratio, data has been taken from financial statements of 26 firms listed on Karachi Stock Exchange (Pakistan). It has been find that dividend payout ratio is not the function of Corporate Profitability, Cash Flow, Tax, and Sales Growth except Debt to Equity ratio. Though in rest of the international markets dividend payout ratio is the function Corporate Profitability, Cash Flow, Tax and Sales Growth but in Pakistan its’ contradictory to this phenomenon. The data has been taken limited. For increasing the size of data results can be changed at some extent. And these results show that in Pakistan, there are other factors which influence the dividend payout ratio. It is most probably behavioral factor. This paper predicts the presence of other factor which can be influence dividend payout ratio. It invites further investigations and provides the bases for research.
Volume (Year): 4 (2014)
Issue (Month): 1 (January)
|Contact details of provider:|| Web page: http://hrmars.com/index.php/pages/detail/Accounting-Finance-Journal|
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Michael Bradley & Dennis R. Capozza & Paul J. Seguin, 1998. "Dividend Policy and Cash-Flow Uncertainty," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 26(4), pages 555-580.
- Mohammed Amidu & Joshua Abor, 2006. "Determinants of dividend payout ratios in Ghana," Journal of Risk Finance, Emerald Group Publishing, vol. 7(2), pages 136-145, March.
When requesting a correction, please mention this item's handle: RePEc:hur:ijaraf:v:4:y:2014:i:1:p:390-396. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Hassan Danial Aslam)
If references are entirely missing, you can add them using this form.