The present paper is aimed at analyzing the impact of dividend policy of shareholders' wealth... more The present paper is aimed at analyzing the impact of dividend policy of shareholders' wealth in Organic and Inorganic Chemical Companies in India during 1996 – 1997 to 2005-2006. To measure the impact of dividend policy on shareholders' wealth multiple regression method and stepwise regression models are used by taking DPS it (Dividend per Share), RE it (Retained Earnings per Share), Pe t-1 (Lagged Price Earning Ratio) and MPSi t-1 (Lagged Market Price) (MVi t-1) as independent variable, and MPS it (Market Price Per Share) as dependent variables. To determine the proportion of explained variation in the dependent variable, the coefficient of determination (R 2) has been tested with the help of F value. The study proves that the wealth of the shareholders is greatly influenced mainly by five variables viz., Growth in sales, Improvement of Profit Margin, Capital Investment Decisions (both working capital and fixed capital), Capital Structure Decisions, Cost of Capital (Divide...
The present paper is aimed at analyzing the impact of dividend policy of shareholders' wealth... more The present paper is aimed at analyzing the impact of dividend policy of shareholders' wealth in Organic and Inorganic Chemical Companies in India during 1996 – 1997 to 2005-2006. To measure the impact of dividend policy on shareholders' wealth multiple regression method and stepwise regression models are used by taking DPS it (Dividend per Share), RE it (Retained Earnings per Share), Pe t-1 (Lagged Price Earning Ratio) and MPSi t-1 (Lagged Market Price) (MVi t-1) as independent variable, and MPS it (Market Price Per Share) as dependent variables. To determine the proportion of explained variation in the dependent variable, the coefficient of determination (R 2) has been tested with the help of F value. The study proves that the wealth of the shareholders is greatly influenced mainly by five variables viz., Growth in sales, Improvement of Profit Margin, Capital Investment Decisions (both working capital and fixed capital), Capital Structure Decisions, Cost of Capital (Divide...
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Papers by Qamar Ishtiaq