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Dividend Policy and Practices in Select Corporate Firms of India and South-East Asia: A Comparative Study

Author

Listed:
  • P.K. Jain

    (Professor Finance, Department of Management Studies, Indian Institute of Technology, New Delhi.)

  • Manoj Kumar

    (Senior Lecturer, Shri Ram College of Commerce, University of Delhi, Delhi.)

Abstract

This paper examines and compares dividend policies and practices of select corporate firms in India and South-East Asia. The study confirms, as suggested by Lintner, that the firms prefer a stable dividend policy. Inter-industry variations, notwithstanding, retained earnings constitute an important source of funds for Indian firms; and the ratio shows a statistically significant increase in the post-liberalisation period.

Suggested Citation

  • P.K. Jain & Manoj Kumar, 1997. "Dividend Policy and Practices in Select Corporate Firms of India and South-East Asia: A Comparative Study," Vision, , vol. 1(2), pages 11-20, July.
    • Handle: RePEc:sae:vision:v:1:y:1997:i:2:p:11-20
    DOI: 10.1177/09722629X97001002002
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    References listed on IDEAS

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    1. Black, Fischer & Scholes, Myron, 1974. "The effects of dividend yield and dividend policy on common stock prices and returns," Journal of Financial Economics, Elsevier, vol. 1(1), pages 1-22, May.
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