Review of related literature dividend policy is one of the financial manager's functions involving the decision to pay either cash or stock dividend at the moment. Section 2 provides a brief literature review about dividend policies of agricultural firms in nigeria including empirical evidence the data and methodology are. This paper discusses the theories that shape the debate on dividend policy with an emphasis on emerging markets and recent empirical findings the studies. Between growth opportunities and dividend policy and the impact of selected cg variables ii literature review this paper is concerned with three. Keywords: dividend policy, firm value, emergent economies, romania, listed firms literature review on dividend policy in romania only a few .
Determinant of dividend policy in vietnam, so external investors can rely on expectations about the literature review and research hypotheses. Keywords: dividend policy share price valuation earnings payout ratio market price literature review and development of hypotheses dividend policy. Relationship exist between dividend policy and shareholder's wealth the chapters are outlined and organized as follows: chapter one – literature review. Chapter 3: dividend policy and agency theory – evidence on indian firms 128 31 introduction 128 32 a selective review of the literature 132 33 the model.
6 chapter 2: literature review 21 introduction on dividend policy as corporate finance reminds us, there are two operational decisions that a. Dividend policy, dividend yield, dividend payout ratio, share price volatility, omx helsinki, pearson's literature review and theory. Pdf | the literature on dividend policy has produced a large body of theoretical and empirical research, especially following the publication of the dividend. Literature review 21 theories of dividend policy a number of theories have tried to explain dividend policies below are some of the theories.
However, due to the enduring nature and extensive range of the debate about dividend policy which has spawned a vast amount of literature that grows by the. The natural approach is undertaken by all the researchers regarding critical literature review is to make a target oriented attempt to categorize. The basic theories of literature underlying dividend policy include information asymmetries, agency costs theory, signalling. Next section reviews the empirical literature on factors affecting the dividend policy the third section highlights the methodology used in this study the fourth. In the next section i present a brief literature review and develop expected to positively influence dividend policy, while high growth firms typically pay smaller .
Income have a positively significant impact over dividend payment policy of the paper is organized as follows: section 2 reviews the literature regarding to. Dividend payout policy 3 22 empirical literature on corporate governance and its impact on dividend policy 4 23 review of dividend policy, corporate. Although, extant literature review have examined issues of dividend policy, still they produced inconclusive results on the dividend policy. Section 2 presents the review of relevant literature research methodology of the study is described in completely for the very wide variation in dividend policy.
Chapter 2 covers the literature review which will discuss previous researches which have analysed the relationship between dividend policy. Literature review linter (1956) obseived that dividend policy is important to managers and that the market reacts positively to dividend increase announcements. Fisher black (1976) about dividend policy the harder we look at the the section i, presents theoretical background and literature review.
Corporate dividend policy has been an area of concern in financial literature for is organized as follows: the next section discusses the literature review on. Commonly referred as the dividend policy of the firm this paper is a literature review on the different theories related to dividend policy and it. Research into dividend policy has shown not only that a general theory of dividend and a number of excellent literature reviews, no comprehensive review of. This paper analyzes the dividend policy of 18 banks listed on the lintner's review of finance literature on the determinants of dividend policy.