Impact of Operating Cash Flows on Capital Spending and Dividends

Mazhar Ali

MPRA Paper from University Library of Munich, Germany

Abstract: The purpose of this study is to assess the impact of operating cash flows on capital spending and dividends in the cement sector of Pakistan. Operating cash flow and capital spending has become one of the major decision making tool for the companies, investors and stakeholders in this sectors. In this study, operating cash flow has been used as independent variable, while capital spending and the dividends are used as dependent variables. The research approach is quantitative and simple random sampling technique has been used. However, data is collected through financial statements, which consist of 18 companies listed in Karachi stock exchange, and with the help of SPSS, hypotheses are tested. The findings of the study reflected that whether the cement companies in Pakistan give investment priority to the capital expenditures or the shareholders through dividends.

Keywords: Cash flows; dividends (search for similar items in EconPapers)
JEL-codes: G3 G31 (search for similar items in EconPapers)
Date: 2015-08-13, Revised 2022-10-19
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