Banks dividend policy: Evidence from Pakistan

被引：18
|
作者：
Imran, Kashif [1 ]
Usman, Muhammad [2 ]
Nishat, Muhammad [3 ]
机构：
[1] IOBM, Dept Econ, Karachi, Pakistan
[2] Univ Karachi, Appl Econ Res Ctr, Karachi 32, Pakistan
[3] IBA, Karachi, Pakistan
来源：
ECONOMIC MODELLING | 2013年 / 32卷
关键词：
Dividend payout; KSE; Earning per share; Transaction cost hypothesis; DETERMINANTS;
D O I：
10.1016/j.econmod.2013.01.041
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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 are crucial factors in the determination of dividend payouts, whereas cash flow is negatively associated with dividend payouts. The results support the Lintner model (1956) and also follow the transaction cost hypothesis. (C) 2013 Elsevier B.V. All rights reserved.
引用
收藏
页码：88 / 90
页数：3
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