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
相关论文
共 50 条
  • [21] Ownership structure and dividend policy: Evidence from Iran
    Mehrani, Sasan
    Moradi, Mohammad
    Eskandar, Hoda
    AFRICAN JOURNAL OF BUSINESS MANAGEMENT, 2011, 5 (17): : 7516 - 7525
  • [22] Carbon risk and dividend policy: Evidence from China
    Zhu, Bo
    Hou, Rui
    INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS, 2022, 84
  • [23] Digital finance and dividend policy: Evidence from China
    Song, Yunxing
    Lee, Suin
    Wang, Bin
    PACIFIC-BASIN FINANCE JOURNAL, 2025, 90
  • [24] Local corruption and dividend policy: Evidence from China
    Dong, Bin
    Chen, Yizi
    Fan, Cunbin
    FINANCE RESEARCH LETTERS, 2022, 47
  • [25] Dividend Policy and Institutional Holdings: Evidence from Australia
    Thao Nguyen
    Li, Hui
    INTERNATIONAL JOURNAL OF FINANCIAL STUDIES, 2020, 8 (01): : 1 - 14
  • [26] Family Ownership and Dividend Policy: Evidence from India
    Rajverma, Abhinav
    Misra, Arun Kumar
    Kumar, Gaurav
    JOURNAL OF ASIAN FINANCE ECONOMICS AND BUSINESS, 2022, 9 (09): : 61 - 73
  • [27] Dividend policy after the IPO: Evidence from Bahrain
    Husain, Abdulrahman
    Abdulla, Yomna
    2021 INTERNATIONAL CONFERENCE ON DECISION AID SCIENCES AND APPLICATION (DASA), 2021,
  • [28] Economic policy uncertainty and cash dividend policy: evidence from China
    Li, Chuanzhen
    Zhao, Liang
    Zhang, Yiwen
    HUMANITIES & SOCIAL SCIENCES COMMUNICATIONS, 2024, 11 (01):
  • [29] How do gender diversity and CEO profile impact dividend policy in banking? Evidence from Islamic and conventional banks
    Sbai, Hicham
    Kahloul, Ines
    Grira, Jocelyn
    JOURNAL OF RISK FINANCE, 2024, 25 (03) : 385 - 406
  • [30] Nonfamily executives in family firms and dividend payout: evidence from Pakistan
    Amin, Ali
    Ali, Rizwan
    Rehman, Ramiz Ur
    Elamer, Ahmed A.
    CORPORATE GOVERNANCE-THE INTERNATIONAL JOURNAL OF BUSINESS IN SOCIETY, 2025,
12345