Dividend Policy and its Impact on Stock Prices: An Empirical Study on Selected Indian Steel Companies-Reference-Cited by-同舟云学术

Dividend Policy and its Impact on Stock Prices: An Empirical Study on Selected Indian Steel Companies

Published:2024-05-17 Issue: Volume: Page:116-123
ISSN:2581-9429
Container-title:International Journal of Advanced Research in Science, Communication and Technology
language:en
Short-container-title:IJARSCT

Author:

Dr. Manish Guha ¹

Affiliation:

1. Sambhu Nath College, Labpur, Birbhum, India

Abstract

Dividend decision is a very decisive judgment for any firm as it will impacted on several factors like stock prices, future development, debt repayments etc. in this particular paper it has been tested whether EPS and DPS has any significant effect on MPS or not. For that fifteen companies are chosen on the basis of market capitalization basis and there after correlation and regression analysis has been done to see the effect of EPS and DPS on MPS. Finally after all analysis it was found that ther was a positive correlation between EPS and DPS with MPS but not significantly and on the other side by regression analysis it was fond that approximately twenty two percent variations in MPS explained by EPS and DPS and rest due to residual term

Publisher

Naksh Solutions

Reference9 articles.

1. Frankfurter, G. M., Wood, B.G., (2002), Dividend policy Theories and There Empirical Tests, International Review of Finance Analysis, VOL-11, 111-138.

2. Al-Malkawi, H.A.N., Rafferty, M., Pillai, R., (2010), Dividend Policy: A Review of Theories and Empirical Evidence, International Bulletin of Business Administration, Issue-9, 171-200.

3. Alli, Kasim, L., Qayyum, K,han., and Gabriel, R.,(1993)Determinants of Corporate Dividend Policy.

4. Bodla, B. S., Rani, S., (2013), Determinants of Dividend Policy-A Study of Mining Sector PSU’S in India, TSME Journal of Management, Vol-3, No.1 and 2.

5. Bhatia, B. S., (2020), Financial Parameters and Dividend Decision of Indian Companies: An Empirical Investigations Business Analyst, vol-41, No.-2, 155-170.