Dividend Payout Policy in Respect of company Performance: An Overview of Manufacturing Sector of Pakistan

Nisar Ahmad Bazmi, Ayesha Sandhu, Husnain Mubashar and Laiba Abrar

Journal of Accounting and Finance in Emerging Economies, 2023, vol. 9, issue 4, 537-552

Abstract: Purpose: The suggestion between dividend distribution policies and the commercial success of Pakistani cement business is explained by the current study.Design/Methodology/Approach: Four factors were used to control the relationship between the dividend distribution strategy and business success, taking into account pertinent theories. These factors include the firm's Extent and growth, its debt to equity ratio and its municipal supremacy index. Over the course of six years from 2012 to 2017 panel data was used.Findings: The study lays out a route that may direct further investigation into more definitive and useful discoveries. Future research may be examined the potential upshots of tax laws, regulations, occasions, and bonus payout patterns on upshotiveness and payout strategy would likely be of interest to academics and other stakeholder. Future research should take into account additional controlling analysts and industry performs, to see if they can be significant in creating a bonus strategy.Implications/Originality/Value: Present-day investigation's discoveries has a number of ramifications and help to simplify the bonus payout strategy's business performs in non-fiscal firms in Pakistan's top manufacturing sectors. Given that pay out-based bonus payout rules increase a firm's upshotiveness, fiscal executives are advised to develop a commitment to these rules and take steps to stabilize their bonus payment rules.

Keywords: Dividend Payout Policy; Municipal supremacy index; descriptive statistics; correlation exploration regression; debt and equity ratios (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:src:jafeec:v:9:y:2023:i:4:p:537-552

DOI: 10.26710/jafee.v9i4.2789

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