Some Factors Affecting Dividend Payout Ratios
Author | : Richard Ward Clark |
Publisher | : |
Total Pages | : 364 |
Release | : 1962 |
Genre | : |
ISBN | : |
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Author | : Richard Ward Clark |
Publisher | : |
Total Pages | : 364 |
Release | : 1962 |
Genre | : |
ISBN | : |
Author | : Pimprae Pratontep |
Publisher | : |
Total Pages | : 91 |
Release | : 2007 |
Genre | : |
ISBN | : |
Author | : Rabia Qamar |
Publisher | : LAP Lambert Academic Publishing |
Total Pages | : 84 |
Release | : 2013 |
Genre | : |
ISBN | : 9783659306907 |
This book is regarding factors like profitability, market to book value, financial leverage, lagged value of dividend, stock price and size of firm which has great effect on dividend yield and dividend payout ratio.Dividend is very important activity of an organisation.Dividend value attracts the investor or shareholder towards an organisation, without shareholder investment organisation has no fu
Author | : Joseph Mwanza |
Publisher | : GRIN Verlag |
Total Pages | : 40 |
Release | : 2021-01-19 |
Genre | : Business & Economics |
ISBN | : 3346331075 |
Seminar paper from the year 2020 in the subject Business economics - Investment and Finance, Catholic University of Eastern Africa (School of Business), course: Finance, language: English, abstract: This study sought to establish the factors that affect dividend payout of listed commercial banks in Kenya. Specifically, profitability, liquidity, firm size, and past dividend were determined if they affected dividend payout among listed commercial banks in Kenya. The study was based on the Bird in Hand Theory. A correlational research design was used to examine relationship among the variables. The target population for this study consisted of all listed commercial banks in Kenya. Purposive sampling procedure was used to select listed commercial banks for the study. The study employed secondary data which was obtained from the financial statements of the commercial banks for a period of five years ranging from 2012 to 2016. The study showed that profitability, liquidity, firm size and past DPS accounted for 77.69% of variations in dividend payout for listed commercial banks. All the four factors were found to be significant in affecting dividend payout for the listed commercial banks. Profitability and past dividend per share were found to be positively correlated with dividend payout while liquidity and firm size were found to be negatively correlated with dividend payout. The researcher recommends more research to be done taking into consideration other factors. These include factors such as the commercial banks management, legal environment, and competition within the banking industry.
Author | : |
Publisher | : |
Total Pages | : 83 |
Release | : 2007 |
Genre | : Corporations |
ISBN | : 9781846632563 |
Dividend policy continues to be among the premier unsolved puzzles in finance. A number of theories have been advanced to explain dividend policy. This e-book briefly reviews the principal theories of payout policy and dividend policy and summarizes the empirical evidence on these theories. Empirical evidence is equivocal and the search for new explanation for dividends continues.
Author | : George Frankfurter |
Publisher | : Elsevier |
Total Pages | : 249 |
Release | : 2003-06-24 |
Genre | : Business & Economics |
ISBN | : 0080488730 |
Dividend Policy provides a comprehensive study of dividend policy. It explores the puzzle presented by dividends: irrational and subject to fashion, yet popular and desirable, they remain a priority among managers, even while perceived as largely symbolic. After exploring the history of dividend payments, from the emergence of the modern corporation to current perspectives, it traces the evolution of academic models on dividend policy. Here the authors review models of symmetric and asymmetric information before analyzing academia's accomplishments in solving the dividend puzzle. Related subjects, such as valuation and wealth distribution, round out the authors' presentation about new ways to think about one of the most intriguing subjects in financial economics. The book is recommended for professors and students in departments of finance and business, corporate finance staff, and financial regulators. The only comprehensive study of dividend policy Covers the historical evolution of dividends and academic research on dividend policy Presents new ways of thinking about dividends and dividend policy
Author | : Harry DeAngelo |
Publisher | : Now Publishers Inc |
Total Pages | : 215 |
Release | : 2009 |
Genre | : Corporations |
ISBN | : 1601982046 |
Corporate Payout Policy synthesizes the academic research on payout policy and explains "how much, when, and how". That is (i) the overall value of payouts over the life of the enterprise, (ii) the time profile of a firm's payouts across periods, and (iii) the form of those payouts. The authors conclude that today's theory does a good job of explaining the general features of corporate payout policies, but some important gaps remain. So while our emphasis is to clarify "what we know" about payout policy, the authors also identify a number of interesting unresolved questions for future research. Corporate Payout Policy discusses potential influences on corporate payout policy including managerial use of payouts to signal future earnings to outside investors, individuals' behavioral biases that lead to sentiment-based demands for distributions, the desire of large block stockholders to maintain corporate control, and personal tax incentives to defer payouts. The authors highlight four important "carry-away" points: the literature's focus on whether repurchases will (or should) drive out dividends is misplaced because it implicitly assumes that a single payout vehicle is optimal; extant empirical evidence is strongly incompatible with the notion that the primary purpose of dividends is to signal managers' views of future earnings to outside investors; over-confidence on the part of managers is potentially a first-order determinant of payout policy because it induces them to over-retain resources to invest in dubious projects and so behavioral biases may, in fact, turn out to be more important than agency costs in explaining why investors pressure firms to accelerate payouts; the influence of controlling stockholders on payout policy --- particularly in non-U.S. firms, where controlling stockholders are common --- is a promising area for future research. Corporate Payout Policy is required reading for both researchers and practitioners interested in understanding this central topic in corporate finance and governance.
Author | : Joseph M. Berrospide |
Publisher | : DIANE Publishing |
Total Pages | : 50 |
Release | : 2011-04 |
Genre | : Business & Economics |
ISBN | : 1437939864 |
The effect of bank capital on lending is a critical determinant of the linkage between financial conditions and real activity, and has received especial attention in the recent financial crisis. The authors use panel-regression techniques to study the lending of large bank holding companies (BHCs) and find small effects of capital on lending. They then consider the effect of capital ratios on lending using a variant of Lown and Morgan's VAR model, and again find modest effects of bank capital ratio changes on lending. The authors¿ estimated models are then used to understand recent developments in bank lending and, in particular, to consider the role of TARP-related capital injections in affecting these developments. Illus. A print on demand pub.
Author | : Dr.Hossein Parsian |
Publisher | : |
Total Pages | : 8 |
Release | : 2014 |
Genre | : |
ISBN | : |
Decision making about dividend payout is one of the most important decision that companies should encounter. Identifying factors that influence dividends can help managers in making an appropriate dividend policy. In the other side, companies' dividend payouts over time and with a stable manner may influence on stock price, future earnings growth and finally investor's evaluation about owners' equity. Hence, investigating the factors influencing dividend payout ratio is of high importance. In this research, we investigate the effects of various factors on dividend payout ratio of Tehran Stock Exchange (TSE) listed companies. We use time series regression (panel data) in order to test the hypothesis of this study. This study provides empirical evidences by choosing a sample of 102 companies over the time span of 2005-2010. The result shows that independent variables of free cash flow and profitability current ratio have negative and significant impact on dividend payout ratio; whereas, the independent variable of leverage ratio has a positive and significant impact on dividend payout ratio. The other independent ratio such as size of the company, growth opportunities and systematic risk do not have any significant influence on dividend payout ratio.
Author | : Jack D. Glen |
Publisher | : World Bank Publications |
Total Pages | : 40 |
Release | : 1995 |
Genre | : Business & Economics |
ISBN | : |