Corporate governance and dividends payout in India

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dc.contributor.author Jayesh Kumar
dc.contributor.other Money and Finance Conference, 6th en_US
dc.date.accessioned 2012-06-07T09:53:09Z
dc.date.available 2012-06-07T09:53:09Z
dc.date.issued 2012-06-07
dc.identifier.uri http://hdl.handle.net/2275/188
dc.description.abstract This paper investigates the association between the corporate governance and the dividends payout for a panel of Indian firms over the period 1994-2000. We explain the differences in the dividend payout behavior of the firms with the help of firm’s financial structure, investments opportunities, dividend history, earnings trend and the ownership structure. We find a positive association of dividends with earnings trend and investments opportunities. Debt equity ratio is found to be negatively associated, whereas past in-vestment opportunities exert a positive impact on dividends. Ownership by the corporate and directors is positively related with dividends payout in level, and corporate ownership is negatively related in square. Institutional ownership has inverse effect on dividends in comparison to corporate ownership in levels as well as in its squares. We find no evidence in favor of association between foreign ownership and divided payout growth. en_US
dc.language.iso en en_US
dc.subject Corporate governance en_US
dc.subject Ownership structure en_US
dc.subject Dividends payout en_US
dc.subject India en_US
dc.title Corporate governance and dividends payout in India en_US
dc.type Article en_US

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