2017

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    The Impact of Earnings Management on Dividend Policy: An Empirical Study of Selected Non-financial Listed Companies of Pakista
    (UMT, Lahore, 2017) Muhammad Idrees
    Studying dividend policy has become an inspiring catch all in the eyes of investors. Firms oftoday are in need of such mangers that may help them in establishing a strong dividend policy to the best interest ofthe organization as well as of stakeholders. Literature is also clear about the fact that managers are involved in establishing such dividend policies that could benefit their stakeholders. Past studies have established a link among profitability, retained earnings, size of the firm and dividend policy, but how earnings management effect an organization's dividend policy needs further attention. Therefore, this study aims at identifying the impact of earnings management on dividend policy. A set of 41 companies have been selected among non-financial listed companies of Pakistan Stock Exchange. Study period under review is from 2010 to 2015. Modified Cross-Sectional Jones Model (1995) has been applied in order to determine the discretionary accruals which is proxy of earnings management. The outcome of study with the help of random effect model is showing a negative relationship of earnings management with dividend policy and it is not significant in the determination of dividend payout of every firm. The results further strengthen the fact that an effective corporate governance mechanism has been found in the selected listed organizations. So by adding up discretionary accruals to a larger extent the dividend payment ratio will decrease rather showing an upward trend. Finally on the basis of research findings we may conclude that in order to facilitate or constrains dividend payments, earnings management does not play a pivotal role, rather managers ofthe firms have some other motives for managing accruals.
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    Does Discretionary Accruals Affect the Financing Behaviour of Firms
    (UMT, Lahore, 2017) Muhammad Rehan Siddique
    In order to run organizations effectively and efficiently capital structure is consider as essential element. Researchers often try to explain the determinants of capital structure.
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    The Impact of the Corporate Governance’ Characteristics on Corporate Social Responsibility Disclosure Index of Islamic and conventional banks in Pakistan
    (UMT, Lahore, 2017) MARIAM PARVEEN
    This study focuses on analyzing the relationship between determinants of corporate governance framework and disclosure of corporate social responsibility among Islamic and conventional banks in Pakistan.
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    Cash Dividend Disbursement, Retained Earnings and their Impact on Stock Price Volatility
    (UMT, Lahore, 2017) Adil Shaheen
    How corporate dividend policy and retained earning impacts on market stock price volatility is broadly researched topic beside this it remained a matter of discussion since over last five decades. This study is conducted to know the relationship of corporate dividend policy (cash dividends), retained earnings and their impact on stock price volatility
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    Empirical analysis of Acquisition and financial performance of Acquirer’s firm
    (UMT, Lahore, 2017) Muhammad Shahid Akbar
    This study is indicative of the significance of mergers and acquisition as a strategy to be known as an inorganic Growth Strategy. In this study, there is a view on the impact of financial performance of firms.