Dividend policy is the set of guidelines a company uses to decide how much of its earnings it will pay out to shareholders. Factors affecting the dividend payment policy of the listed companies on the ho chi minh stock market nguyễn thị huyền banking academy no 12 , chua boc street , dong da district , hanoi , vietnam 1 introduction accounting to 2015, vietnam stock market has launched for 15 years, and started to operate officially. Factors that affect a company's dividend policy decision include: taxation investors are primarily concerned with the after-tax returns of their investments banks, or insurance companies may only buy stocks which have a record of steady dividends, as the equity of these dividend paying companies is viewed as less risky. Determinants of dividend policy among banks listed on the ghana stock exchange edmund nkn school of management, jiangsu university, china abstract purpose: the concept of dividend policy has been widely researched by scholars, however, a consensus on the factors that determine dividend. Abstract: as salary to managers and employees is dividend to shareholders there are several determinants influencing dividend policy on the banking industry a stable dividend policy gives positive signal to shareholders and can be seen as positive on the bank performance in order to distribute dividend several factors. The purpose of this paper is to examine the dickens et al model of bank holding company dividend policy they identified five explanatory factors in a sample of bank holding companies (bhcs) banking companies typically pay larger dividends and more often than industrial firms investors often look at the dividends as. Abstract this study identifies the dividend policy determinants of banks and other financial institutions listed on qatar stock exchange (qse) for a period from 2009 to 2015 through studying the impact on eight factors on banks' dividends per share three models were adopted to investigate the. This study reports the results of a 1999 survey of nasdaq‐listed firms respondents provided information about the importance of 22 different factors that influence their dividend policy our results suggest that many managers of nasdaq firms make dividend decisions consistent with lintner's (1956) survey.
Variables influencing dividend policy evidences high degree of positive association between them excepting a few coefficient of correlation between dps, eps and ce shows closeness of association bodla et al (2007) find that the dividend policy of public sector banks is more stable than private banks mistry (2010) finds. The present study empirically investigates the factors that determine the dividend payout decisions among banks for empirical analysis the data of sixteen banks listed in the karachi stock exchange (kse) are used the results indicate that earning per share, last year's dividend payouts, capital ratio and size of the bank. Banks have been affected by both internal and external factors key words: banking financial analysis dividend policy united arab emirates jel classification: g21 g32 g35 introduction dividend policy revolves around the decision making process surrounding the pay-outs of earnings to investors dividend policy is a.
A great need to explore the core determinants of the dividend payout policy in banking industry of pakistan it is very important for a public limited company to determine the influential factors of the dividend payout policy the shareholders have great expectations from the dividends that they receive the first aim of the. Factors influencing dividend payout in thailand: a tobit regression analysis pornumpai komrattanapanya equity management department, thanachart bank plc 444 mbk tower, 20 th floor, phayathai rd, pathumwan, bangkok, 10330, thailand tel: 662-217-8444 ext3097 e-mail: [email protected]
Factors make the agency problems in banks even more complex than those of non-financial firms (barth et al 2004) banks might also have a unique form of corporate governance (adams & mehran 2003) these unique characteristics of banks raise questions about the extent to which dividend payout. Determinants of dividend policy decision: an analysis of banks in india dinesh kumar sharma1 and ritu wadhwa2 abstract this study explores the factors influencing dividend payout of banks in india by using pooled regression, fixed effects model and random effects model approach in panel. The present study re-examines the applicability of lintner's (1956) and britain ( 1966) path breaking analyses of dividend policy the banks listed on national stock exchange, and declaring dividend consistently from the last eleven years constitute the sample for the present study here, we have carried out a. Abstract the study examines the factors that influence the dividend policy of nigerian deposit money banks using panel data analysis for the period of ten years (2006 to 2015) the population of the study comprise all the 21 deposit money banks in nigeria as at 31 december, 2015 the sample of the study comprises of.
Keywords listed banks, dividend policy, influence factor, dividend payment rate, profitability, growth ability, operation capacity, debt levels, liquidity of assets 1 introduction dividend is the distribution of earnings shareholders gain from the company the dividend policy of a company depends on its. Which banks operate the results obtained in the empirical test allow us to affirm that the policy of payouts does not depend solely on business profits we observe that the economic and financial factors proposed by the theories mentioned, along with institutional factors, in practice determine the dividends of companies.
Management to make a decision as to the creation or amendment of their firm's dividend policy what factors are common among firms issuing a dividend to their shareholders, and do these factors share a (2002) assessment that, as shown by bank dividend policy, the historical stability of dividend payments can. Factors affecting dividend policy of a firm are growth, leverage, trends of profit, inflation, government policy, business cycle, liquidity, taxation etc.
On the other hand, some companies need to obtain approval before paying or increasing their dividends since the financial crisis, many banks need to submit capital plans for regulatory approval for any plans to boost their payouts economic conditions finally, another major factor that influences dividend policies is the. Abstract this study identifies factors that shaped cash disbursement distribution policies employed by brazilian public companies listed on the bank dividend policy: explanatory factors quarterly journal of business and economics, 41 (1), 3-12 fonteles, i v, peixoto júnior, c a, vasconcelos, a c & de luca, m. Factors effecting dividend policies explains that dividend policy of a company is the strategy followed to decide the amount of dividends this may be achieved by the company negotiating for a bank overdraft limit or having access to other short-term sources of funds however, if a company's ability to make a.