Dividend Behaviour of Indian-listed Manufacturing and Service Sector Firms

Kumar, Sanjeev; Ranjani, K.S.

doi:10.1177/0972150917753863

Cited by 21 publications

(35 citation statements)

References 60 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…The result of return on assets on dividend payout ratio indicates that return on assets has a significant positive effect on dividend payout ratio. This is in accordance with research conducted by Kumar & Ranjani (2018) and Amidu & Abor (2006) which shows that return on assets has significantly positive relationship on dividend payout ratio. The support of this study was obtained from the concept of free cash flow mentioned that if a company has a high return on assets, this will certainly increase the amount of free cash flow.…”

Section: Relationship Between Return On Assets and Dividend Payout Ratiosupporting

confidence: 92%

“…ROA (return on assets) is ratio that used to measure of profitability to examine the relationship on dividend policy (Kumar & Ranjani, 2018), (Amidu and Abor, 2006), (John & Muthusamy, 2010). ROA positively affects dividend policy by Amidu & Abor, (2006); Kumar & Ranjani, (2018) who conduct research on manufacturing and service companies. High ratio of ROA will be captured by investors as a good signal that the company can manage its assets and generate profits well.…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Determinants of dividend payout ratio: evidence from Indonesian manufacturing companies

Widyawati

Indriani

2019

DIJB

View full text Add to dashboard Cite

The purpose of this study is to investigate and analyze the relationship between return on assets, growth sales, debt to equity ratio, lagged dividend to dividend payout ratio and size as control variable. Data collected from manufacturing industries in Indonesian Stock Exchange 2011-2017. The method of this study is ordinary least square regression. The results of this study shows that return on assets and lagged dividend have positive impact to dividend payout ratio. Growth sales has insignificance negative relationship to dividend payout ratio. Debt to equity ratio has positive relationship to dividend payout ratio and has insignificance sign.

show abstract

Section: Relationship Between Return On Assets and Dividend Payout Ratiosupporting

confidence: 92%

Section: Introductionmentioning

confidence: 99%

Determinants of dividend payout ratio: evidence from Indonesian manufacturing companies

Widyawati

Indriani

2019

DIJB

View full text Add to dashboard Cite

show abstract

“…& Ranjani [27] explored dividend behaviour of Indian manufacturing and service sector firms and to investigate similarities/differences between the same. Analysis suggests that firm size and cash holdings have significant positive relationship to dividend paid, whereas age and net working capital are negatively significant for dividend declarations in the service sector.…”

Section: Kumarmentioning

confidence: 99%

Dividend Policy and Stock Price Volatility in the Bangladesh Capital Market: An Experimental Analysis

Hossin¹,

Ahmed²

2020

SJEF

View full text Add to dashboard Cite

Commercial organizations in Bangladesh are experiencing rivalry among them because of economic struggle globally and attempting to remain competitive in these changeable economic surroundings. This paper intends to analyze the impact of dividend policy on the market price of stock in Bangladesh. The numbers of statistic community are 330 companies in Dhaka Stock Exchange. All 10 companies belong to the Food & Allied, Ceramics and Cement industry listed at DSE index are included as the sample for a phase from 2008 to 2017. In this paper, Fixed Effect Model along with Random Effect Model has been used to estimate outcomes. Both Models are exercised on panel data for explaining the association between dividend payments and share prices after adjusting several variables including Earnings per Share, logarithm value of Profit after Tax, Growth of Asset and Dividend Payout Ratio. The study also checked both the Models and found Random Effect Model is more significant than Fixed Effect Model. Afterward, this paper applied the multicollinearity test to determine is there any correlation among the variables and found no multicollinearity. This paper found a weak form market exists in Bangladesh and investors choose stock dividend more than the cash dividend.

show abstract

“…As the number of citations is an indicator of the journal influence while the number of publications is an indicator of journal productivity. Following Kumar and Ranjani ( 2019 ), we calculated the ACA of the leading journals based on the total citations from Scopus database. As it is shown in Table 5 , although the Journal of Finance has 15 publish documents on cash holdings, it has the highest ACA within the list, followed by the Journal of Financial Economics.…”

Section: Bibliometric Analysismentioning

confidence: 99%

“…Our study departs from previous reviews studies by being the first to provide a combination of systematic literature review and bibliometric analysis on cash holdings, offering a complementary approach to the more traditional literature review. Such criteria are based on a previous systematic literature review (Kumar and Ranjani 2019 ; Moreira et al 2019 ; Baker et al 2020 ), and it has been proven to be useful to academicians in identifying the current research structure of the subject and will inform them about the evolution of the various themes in this area (Kumar et al 2020 ). This paper contributes to existing debates about determinants of cash holdings and suggest that country-level aspects exert a significant role determining the level of cash holdings.…”

Section: Introductionmentioning

confidence: 99%

A bibliometric analysis of cash holdings literature: current status, development, and agenda for future research

et al. 2021

View full text Add to dashboard Cite

Despite the growing interest in exploring the cash holding aspects among scholars, systematic reviews and comprehensive evaluation in this area has been limited. Also, there is only a fragmented understanding about how the cash holdings concept is formed among researchers and experts. We fill this gap in the literature by identifying and evaluating the research development of cash holdings topic. Using 874 articles from the Scopus database that were published between 1947 and early 2020, bibliometric and content analyses were employed to assess the patterns of global cash holdings research. We find that previous studies have substantially enriched our knowledge of the antecedents and consequences of cash holdings. Yet, there are still several opportunities to make significant contributions in this area. The contribution of this research is to provide a comprehensive evaluation of the development of cash holdings research (using a sizeable archival database). It identifies the current joint development and potential opportunities for future work directions on cash holdings association with payout policy, corporate social responsibility, and corporate governance. Our results are likely to be of interest to academics, practitioners, and educators in related business and finance fields.

show abstract

Dividend Behaviour of Indian-listed Manufacturing and Service Sector Firms

Cited by 21 publications

References 60 publications

Determinants of dividend payout ratio: evidence from Indonesian manufacturing companies

Determinants of dividend payout ratio: evidence from Indonesian manufacturing companies

Dividend Policy and Stock Price Volatility in the Bangladesh Capital Market: An Experimental Analysis

A bibliometric analysis of cash holdings literature: current status, development, and agenda for future research

Contact Info

Product

Resources

About