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IMPACT OF DIVIDEND POLICY ON SHARE PRICE VOLATILITY FOR COMPANIES LISTED ON PAKISTAN STOCK EXCHANGE |
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| รหัสดีโอไอ | |
| Creator | Muhammad Asim Khan |
| Title | IMPACT OF DIVIDEND POLICY ON SHARE PRICE VOLATILITY FOR COMPANIES LISTED ON PAKISTAN STOCK EXCHANGE |
| Contributor | - |
| Publisher | TuEngr Group |
| Publication Year | 2562 |
| Journal Title | International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies |
| Journal Vol. | 10 |
| Journal No. | 17 |
| Page no. | 10A17J: 1-10 |
| Keyword | Dividend Yield (DY), Dividend Payout Ratio (DPR), PSX, EViews, Share Price Volatility, Dividend policy. |
| URL Website | http://tuengr.com/Vol10_17.html |
| Website title | ITJEMAST V10(17) 2019 @ TuEngr.com |
| ISSN | 2228-9860 |
| Abstract | This research investigated the impacts of dividend policy on the share price volatility of companies listed on Pakistan Stock Exchange (PSX). Therefore, the researcher gathered data of 10 companies of 10 years ranging from 2008-2017 of three variables asserting quantitative research design and secondary method of data collection. The variables of the study were share price volatility as the dependent variable while (dividend payout ratio) DPR and DY (dividend yield) were taken as independent variables. The approaches that had been utilized were correlation analysis and regression analysis on E-Views. In accordance with the results, the aggregate impact of dividend policy was significant on share price volatility. Individually, both variables were significant with DPR affecting price volatility negatively and DY positively. The results were also supported by various studies conducted previously in Pakistan and other regions. |
