Volume 15 Issue 1 2019


Abdul Hameed
Lecturer, Ilma University & PhD Scholar Iqra University Karachi.

Muhammad Ayub Khan Maher
Professor, Iqra University Karachi, Pakistan.

Akhtiar Ali
Senior Assistant Professor, Bahria University Karachi, Pakistan.

Mohammad Mohsin Khan
Bahria University Karachi, Pakistan.

Abstract The objective of this study was to explore the main factors of dividend policy determinants. For this purpose, a sample of 150 listed firms in PSX was taken into account from 2008 to 2018. Secondary data taken from SBP publication, Stock exchange collected for this study, and variables used size, debt ratio, profitability, size, investment, Firm’s Maturity, Market Capitalization, Return on Equity (ROE), Growth in Sales and leverage was utilized using Panel regression techniques. Data of dividend shows most of the period dividend amount and dividend firms increased during the period of research 2008-18. The trend also shows that dividend patterns increase as the base year data to end period study during both democratic governments. Study findings also show that three different aspects of the dividend payment propensity during 2008-2018. Results show that payment of dividend is declined mostly in the small and new firms because they have less income generated from profit, younger firms, and firms as compared with highly investment pattern of a firm, high debts, higher risk in their business and high tax rates on dividends. The study also finds a significant and positive association with a propensity to pay a dividend of catering theory and support the catering theory.
Keywords Brand Equity, Perceived Sales Promotion Intensity, Uniqueness, Brand Attitude
Year 2019
Volume 15
Issue 1
Type Research paper, manuscript, article
Recognized by Higher Education Commission of Pakistan, HEC
Category "Y"
Journal Name IBT Journal of Business Studies
Publisher Name ILMA University
Jel Classification G32
ISSN no (E, Electronic) 2409-6520
ISSN no (P, Print) 2416-8393
Country Pakistan
City Karachi
Institution Type University
Journal Type Open Access
Type of Review Double Blind Peer Reviewed
Format PDF
Paper Link
Page 112-122
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