In modern corporate world, dividend policy is one of the most debatable issues in corporate finance. The academic literature related to effect of dividend policy on share price has grown rapidly over the previous decade, due to its puzzling phenomena. The present study intends to conduct a non-systematic review of literature on the empirical and theoretical studies on corporate dividend policy in order to understand its nature and dimensions. In this concern, an extensive review of existing literature has been performed and it is found that there are three different approaches or schools of thought. First school of thought is that a rise in dividend payout will increase the firm value (share price). Second, thinks that a rise in dividend payout will reduce the firm value (share price) and third supports Miller and Modigliani (1) argument that firm value or share price are not affected by dividend policy. Till to date no consensus has appeared and results are inconclusive. This article also attempts to cover key empirical studies on dividend policy across countries, which shows that the phenomena of dividend policy differ from one country to another. The continuing nature and wide array of discussion on dividend policy has formulated a massive volume of literature that increase day by day. Therefore, it not feasible to do a full-fledge review of all debates.
To Evaluate the ASEAN countries. ASEAN’s attraction for digitalization joined with its speedy development, which means the region is home to some of the most competitive digital economies. The goal of this paper is to give methodical research on Digital Marketing in ASEAN part
nations in the course of recent years. The challenge to ASEAN is to ensure that this “development gap” is well addressed. Ordinarily utilized as a wellspring of information, the Scopus database has had complete inclusion of more than 51 diaries crosswise over 55 disciplines since
2014 and guarantees the nature of the writing by utilizing the generally acknowledged reference ordering. Therefore, there is a strong need for ASEAN to encourage intensive knowledge sharing and capacity building programs among member states to deepen understanding about the digital economy,
its potential role in the region, as well as to collectively formulate strategic action plans in line.
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