The Impact of Dividend Policy on Stock Price Volatility in Pakistan

Autor:	Ziaullah Shah, Shehzad Khan, Muhammad Faizan Malik
Rok vydání:	2019
Předmět:	Economics Monetary economics Dividend policy Volatility (finance) Stock price
Zdroj:	Global Regional Review. :506-515
ISSN:	2663-7030 2616-955X
Popis:	The objective of this study is to inspect dividend policy influence on volatility of share prices. For investigation seven Non-financial segment/sectors have been selected. A sample of 137 firms who paid four dividend payments listed at PSX is analysed for the period of 2007-2017.Proxy for policy of dividend are earning per share, Payout ratio, dividend yield, while assets growth and firm size are taken as control variables. OLS regression model has been initially applied on panel data. The outcomes of fixed effect model are focused. Overall outcomes of the study confirmed that prices of stock is significantly influenced by policy of dividend and reject dividend irrelevance theory.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::40254906bfd8422b002fb39bba4ee8ea https://doi.org/10.31703/grr.2019(iv-i).54 Zobrazit plný text záznamu