Factors Influencing Dividend Policy in Bangladesh: Survey Evidence from Listed Manufacturing Companies in Dhaka Stock Exchange
European Journal of Business Science and Technology
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Title |
Factors Influencing Dividend Policy in Bangladesh: Survey Evidence from Listed Manufacturing Companies in Dhaka Stock Exchange
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Creator |
Islam, Mohammad Shahidul
Adnan, ATM |
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Description |
A firm considers various factors when approaching a dividend policy decision. To analyze the determinants of dividend policy in the context of Bangladesh, questionnaire survey has been done from financial decision makers of sample companies. The nonparametric test and factor analysis is used for interpreting results. The research finding exhibits that in the first stage, the economic related factor, legal constraint factor, capital market related factor, residual policy factor, capital source factor and clientele factors are considered in dividend decision making. Then in the second stage, the companies follow the preceding years’ pattern of dividend payment. In the next stage, dividend decision is made mainly on the level of earnings and liquidity. The decision maker, investors and other stakeholders should follow these findings.
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Publisher |
Mendel University in Brno
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Date |
2018-12-28
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Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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Format |
application/pdf
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Identifier |
https://journal.ejobsat.cz/index.php/ejobsat/article/view/132
10.11118/ejobsat.v4i2.132 |
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Source |
European Journal of Business Science and Technology; Vol 4 No 2 (2018); pp. 156–173
2694-7161 2336-6494 |
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Language |
eng
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Relation |
https://journal.ejobsat.cz/index.php/ejobsat/article/view/132/160
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Rights |
Copyright (c) 2018 Mohammad Shahidul Islam, ATM Adnan
http://creativecommons.org/licenses/by-sa/4.0 |
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