Change search
ReferencesLink to record
Permanent link

Direct link
Effect of Dividend Policy Measures on Stock Prices: With Reference to Karachi Stock Exchange, Pakistan
Karlstad University, Faculty of Economic Sciences, Communication and IT.
2011 (English)Independent thesis Advanced level (degree of Master (Two Years)), 10 credits / 15 HE creditsStudent thesisAlternative title
The relationship between dividend policy measures and stock prices (English)
Abstract [en]

The objective of this study is to examine the dividend policy measures effect on the stock prices. A sample of 171 listed companies from Karachi Stock Exchange, Pakistan is examined for a period from 1998 to 2006. The dependent variable stock price volatility is regressed against the dividend policy measures (independent variables) e.g., dividend yield, dividend payout ratio, actual cash dividends and dividend to total assets of the firm, after controlling for firms’ profitability, liquidity, gearing, size and growth. This study finds that, dividend policy measures have strong effect on the stock market prices but results are contradictory to earlier research in Pakistan. Dividend payout and actual cash dividends have negative, significant relationship with stock prices and dividend yield have significant positive relationship with stock market prices.

Place, publisher, year, edition, pages
2011. , 36 p.
Karlstad University Studies, ISSN 1403-8099
Keyword [en]
Dividend policy measures, Stock prices and accounting variables
National Category
Business Administration
URN: urn:nbn:se:kau:diva-7825Local ID: FEK D-93OAI: diva2:427226
Subject / course
Business Administration
2011-01-19, 11a223, Karlstad Universitet, Karlstad, 15:00 (English)
Social and Behavioural Science, Law
Available from: 2011-07-21 Created: 2011-06-27 Last updated: 2011-10-03Bibliographically approved

Open Access in DiVA

fulltext(416 kB)1659 downloads
File information
File name FULLTEXT01.pdfFile size 416 kBChecksum SHA-512
Type fulltextMimetype application/pdf

Search in DiVA

By author/editor
Ullah, Saif
By organisation
Faculty of Economic Sciences, Communication and IT
Business Administration

Search outside of DiVA

GoogleGoogle Scholar
Total: 1659 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

Total: 743 hits
ReferencesLink to record
Permanent link

Direct link