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| Topic: |
Business
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| Number of pages / Number of words: |
21 / 5865 |
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Brealey and Myers (2002) have enlisted dividend policy as one of the top ten puzzles in finance.
A number of conflicting theoretical models, all lacking strong empirical support, define recent attempts by research in finance to explain the dividend phenomenon. But to come out with concrete conclusion, intensive study of all theoretical models together with empirical proof is mandatory...
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But to come out with concrete conclusion, intensive study of all theoretical models together with empirical proof is mandatory. In the Indian context, a few studies have analyzed the dividend behavior of corporate firms. Krishnamurty and Sastry (1971), Mahapatra and Sahu (1993), Bhat and Pandey (1994), Narasimhan and Asha (1997) and Narasimhan and Vijayalakshmi (2002) are the good examples of empirical research carried out in India in the field of dividend decisions...
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