Parikalpana: KIIT Journal of Management

Open Access Open Access  Restricted Access Subscription Access

Determinants of Divided Policy:Study on Banking Sector of Bangladesh


Affiliations
1 BGMEA University of Fashion and Technology (BUFT) Dhaka, Bangladesh
 

A firm considers various factors when approaching a dividend policy decision. To analyze the determinants of dividend policy in the banking of Bangladesh, it has taken the data of various financial indicators of sample banks. The pooled data regression model is used for inferring the result. The result shows that the significant determinants are retained earnings to equity, size, lagged DPR. The decision maker, investors and other stakeholders should follow these findings.


Keywords

Pooled Data Regression Model, EPS, DPR, MM Model, Lintner Model.
User
Notifications
Font Size

  • Abu, ST . (2012). Determinants of Dividend Payout Policy: Evidence from Bangladesh. International Journal of Economic Practices and Theories, 2 (3), 119-126.

  • Al-Kuwari, D. (2007). Determinants of the Dividend Payout Ratio of Companies Listed on Emerging Stock Exchanges: The Case of the Gulf Cooperation Council (GCC) Countries. PhD thesis, University of Wales-Cardiff, UK.

  • Alli, K., Khan, A. and Ramirez, G. (1993). Determinants of Corporate Dividend Policy: A Factorial Analysis. The Financial Review, 28, 523-547.

  • Al-Malkawi, H. N. (2007). Determinant of Corporate Dividend Policy in Jordan. Journal of Economic and Administrative Since, 23, 44-71.

  • Amidu, M. & Abor, J. (2006). Determinants of Dividend Payout Ratios in Ghana. Journal of Risk and Finance, VII, 136-145.

  • Anil, K., & Kapoor, S. (2008). Determinants of Dividend Payout Ratios - a Study of Indian Information Technology Sector. International Research Journal of Finance and Economics, 15.

  • Baker, K. and Powell,G. (2000). Factors Influencing the Dividend Policy Decisions. Financial Practices & Education.

  • Baker, H K., Theodore,E, and Powell, G. (2001). Factors Influencing the Dividend Policy Decisions of NASDAQ Firms. Financial Review, 38, 19-38.

  • Baker, H.K. and Powell, G.E. (2000). Determinants of corporate dividend policy: a survey of NYSE firms. Financial Practice and Education, 10(1), 29-40.

  • Barclay, M. J., Smith,C. and Watts, R. (1995). The Determinants of Corporate Leverage and Dividend Policies. Journal of Applied Corporate Finance, 7 (5), 4-19.

  • Brav, A., Graham, J., Harvey, C. and Michaely, R. (2003). Payout policy in the 21st century. Mass: NBER Working Paper Series.

  • Britain, J. (1966). Corporate Dividend Policy. Washington D. C. The Brookings Institution.

  • Farrelly, Gail E, H Kent Baker, and Edelman, R. (1986). Corporate Dividends: Views of the Policy Makers. Akron Business and Economic Review, 17 (4), 62-74.

  • Frankfurter, G. M., and Wood, B. (2003). Dividend Policy: Theory and Practice. San Diego, CA: Academic Press.

  • Gill, A., Biger, N., & Tibrewala, R. (2010). Determinants of Dividend Payout Ratios: Evidence from United States. The Open Business Journal, III, 08-14.

  • Holder, M., Langrehr,F. and Hexter.J. (1998). Dividend Policy Determinants: An Investigation of the Influences of Stakeholder Theory, Financial Management, 27, 73-82.

  • Hsieh, J., and Wang,Q. (2006). Determinants of the Trends in Aggregate Corporate Payout Policy. George Mason University Working Paper.

  • Long, Jr. (1978). The Market Valuation of Cash Dividends: A Case to Consider. Journal of Financial Economics, 235-264.

  • Lintner, J. (1956). Distribution of Incomes of Corporations among Dividends, Retained Earnings and Taxes. American Economic Review, 97-113.

  • Kanwer, A. (2002). The Determinants of Corporate Dividend Policies in Pakistan: an Empirical Analysis.

  • Miller, M. and Modigliani, F. (1961) .Dividend Policy, Growth, and the Valuation of Shares. Journal of Business, 411-433.

  • Mistry, D. S. (2010). Determinants of Dividend Payout Ratio: A firm Level Study of Major Pharma Players in India. The NEHU Journal, VIII (2).

  • Mosarof, M. (2006). Empirical Evidence from Determinants of Stock Price and Return of Dhaka Stock Exchange. Journal of Finance and Banking, 8, 111-124.

  • Stata Corp. (2003). Stata Statistical Software: Release 8.0, (Stata Corporation, College Station, Texas).

  • Travlos, N., Murinde,V. and Naser,K. (2002). Dividend Policy of Companies Listed on Young Stock Exchanges. Evidence from the Muscat Stock Exchange, Working Paper.


Abstract Views: 494

PDF Views: 7




  • Determinants of Divided Policy:Study on Banking Sector of Bangladesh

Abstract Views: 494  |  PDF Views: 7

Authors

Mohammad Shahidul Islam
BGMEA University of Fashion and Technology (BUFT) Dhaka, Bangladesh

Abstract


A firm considers various factors when approaching a dividend policy decision. To analyze the determinants of dividend policy in the banking of Bangladesh, it has taken the data of various financial indicators of sample banks. The pooled data regression model is used for inferring the result. The result shows that the significant determinants are retained earnings to equity, size, lagged DPR. The decision maker, investors and other stakeholders should follow these findings.


Keywords


Pooled Data Regression Model, EPS, DPR, MM Model, Lintner Model.

References





DOI: https://doi.org/10.23862/kiit-parikalpana%2F2018%2Fv14%2Fi2%2F177858