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IMPACT OF DIVIDEND POLICY ON SHARE PRICE EVIDENCE FROM TEXTILE SECTOR PSX100 INDEX

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42 Pages : 616-630

http://dx.doi.org/10.31703/gssr.2018(III-IV).42      10.31703/gssr.2018(III-IV).42      Published : Dec 2018

Impact of Dividend Policy on Share Price Evidence from Textile Sector PSX-100 Index

Abstract

    This paper attempts to determine the impact of dividend policy on stock price in Pakistan. A sample of 20 textile listed companies in PSX is examined for a period from 2010 to 2017. The empirical estimation is based on a panel regression analysis of the relationship between dividend policy and share price and also used fixed effect model. Secondary data were used by the researcher in the study. The study has taken share price as a dependent variable while the dividend policy is an independent variable. The dividend policy was measure by different proxy such as SDS, DPR, EPS, PAT and ROE. The result explained that the ROE and EPS have significant positive relationship with share price while the SDS, PAT and DPR have negative association with share price. Although the results are not robust enough as in the case of developed markets but are consistent with the behavior of emerging markets

    Dividend Policy, Share Price

    (1) Sanaullah Khan
    MBA Student, Institute of Business Studies and Leadership, Abdul Wali Khan University Mardan, KP, Pakistan.
    (2) Muhammad Faizan Malik
    Assistant Professor, Institute of Business Studies and Leadership, Abdul Wali Khan University Mardan, KP, Pakistan.
    (3) Shehzad Khan
    Assistant Professor, Institute of Business Studies and Leadership, Abdul Wali Khan University Mardan, KP, Pakistan.
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Cite this article

APA

    APA : Khan, S., Malik, M. F., & Khan, S. (2018). Impact of Dividend Policy on Share Price Evidence from Textile Sector PSX-100 Index. Global Social Sciences Review, III(IV), 616-630. https://doi.org/10.31703/gssr.2018(III-IV).42

CHICAGO

    CHICAGO : Khan, Sanaullah, Muhammad Faizan Malik, and Shehzad Khan. 2018. "Impact of Dividend Policy on Share Price Evidence from Textile Sector PSX-100 Index." Global Social Sciences Review, III (IV): 616-630 doi: 10.31703/gssr.2018(III-IV).42

HARVARD

    HARVARD : KHAN, S., MALIK, M. F. & KHAN, S. 2018. Impact of Dividend Policy on Share Price Evidence from Textile Sector PSX-100 Index. Global Social Sciences Review, III, 616-630.

MHRA

    MHRA : Khan, Sanaullah, Muhammad Faizan Malik, and Shehzad Khan. 2018. "Impact of Dividend Policy on Share Price Evidence from Textile Sector PSX-100 Index." Global Social Sciences Review, III: 616-630

MLA

    MLA : Khan, Sanaullah, Muhammad Faizan Malik, and Shehzad Khan. "Impact of Dividend Policy on Share Price Evidence from Textile Sector PSX-100 Index." Global Social Sciences Review, III.IV (2018): 616-630 Print.

OXFORD

    OXFORD : Khan, Sanaullah, Malik, Muhammad Faizan, and Khan, Shehzad (2018), "Impact of Dividend Policy on Share Price Evidence from Textile Sector PSX-100 Index", Global Social Sciences Review, III (IV), 616-630

TURABIAN

    TURABIAN : Khan, Sanaullah, Muhammad Faizan Malik, and Shehzad Khan. "Impact of Dividend Policy on Share Price Evidence from Textile Sector PSX-100 Index." Global Social Sciences Review III, no. IV (2018): 616-630. https://doi.org/10.31703/gssr.2018(III-IV).42