Cash dividend disbursement, retained earnings and their impact on stock price volatility- a case of selected non-financial firms of Pakista
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Date
2017
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Publisher
University of Management and Technology Lahore
Abstract
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. The past researches have shown mixed evidences of this relationship, and results are still not conclusive all around the world including Pakistan. Not much studies have been conducted in Pakistanwhich have contributed for conclusive remarks on this untapped area of research in the growing economy.To know this relationship several researches were conducted but the results remain inconclusive as whether the relationship existed or not. In this study there were used modern statistical and technological techniques and tools respectively for analyzing the data and extracting the results. A total of 75 companies data was initially collected where after scrutiny on different parameters mentioned in the study, only 50 companies from year 2008 to 2015were left to be analyzed as the data was not wholly available for the remaining companies as per research requirement. Two separate models are run and results were determined that there exists positive association of Corporate Dividend Policy, Retained earnings with Stock price volatility.
Description
Supervised by:Ms. Farah Yasir
Keywords
corporate dividend policy, Masters SCA Thesis