文章基本信息

标题：In Pakistani Service Industry: Dividend Payout Ratio as Function of some Factors
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作者：Waseem KHAN ; Naheed ASHRAF
期刊名称：International Journal of Academic Research in Accounting, Finance and Management Sciences
印刷版ISSN：2308-0337
电子版ISSN：2225-8329
出版年度：2014
卷号：4
期号：1
页码：390-396
语种：English
出版社：Human Resource Management Academic Research Society
摘要：The purpose of this paper is to find that dividend payout ratio is the function of Corporate Profitability, Cash Flow, Tax, Sales Growth and Debt to Equity ratio. For seeking out the dividend payout ratio relationship of with the Corporate Profitability, Cash Flow, Tax, Sales Growth and Debt to Equity ratio, data has been taken from financial statements of 26 firms listed on Karachi Stock Exchange (Pakistan). It has been find that dividend payout ratio is not the function of Corporate Profitability, Cash Flow, Tax, and Sales Growth except Debt to Equity ratio. Though in rest of the international markets dividend payout ratio is the function Corporate Profitability, Cash Flow, Tax and Sales Growth but in Pakistan its’ contradictory to this phenomenon. The data has been taken limited. For increasing the size of data results can be changed at some extent. And these results show that in Pakistan, there are other factors which influence the dividend payout ratio. It is most probably behavioral factor. This paper predicts the presence of other factor which can be influence dividend payout ratio. It invites further investigations and provides the bases for research.