Determinants of dividend policy: A study of FMCG sector in India
Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 2
Abstract
The dividend decision is a complex decision; it is an outcome of various considerations or situation which varies across time and industry. This paper investigates the dividend policy of the FMCG sector. The FMCG firms which are listed on NSE 100 for the period of 10 years between 2007 and 2016. Factor analysis is applied on the data to identify the noteworthy factors and then multiple regression have been applied to identify the most significant factor used by the FMCG firms in dividend decision. Result of factor analysis concluded 5 factors i.e. profitability indicators, firm size, liquidity, growth opportunities and market value. Regression on these concluded that growth opportunities and profitability are the determinants of dividend policy.
Authors and Affiliations
Ritu Gangil, Navita Nathani
Keywords
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- EP ID EP409593
- DOI 10.9790/487X-2002014046.
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