Financial Performance and Dividend Pay-Out of Energy Companies in Chittagong Stock Exchange of Bangladesh

Jahan, Akhter

doi:10.30566/ijo-bs-2019-11-5

Cited by 5 publications

(4 citation statements)

References 6 publications

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“…Furthermore, dividend policies are closely linked to the valuation of a company. Akhter Jahan and Kamran Khan investigated the dividend distribution and financial performance of energy companies listed on Bangladesh's Chittagong stock exchange (Jahan, 2019). According to the study's findings, asset and dividend distribution have a negative relationship with financial success.…”

Section: Review Of Empirical Evidencementioning

confidence: 99%

Effect of Dividend Policy on Firm Performance and Stockholders Wealth: Evidence from Listed Firms on Pakistan Stock Exchange

Malik

2023

Jour. Pol. Soc.

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The study investigates the relationship between dividend policy, firm performance, and stockholders’ wealth in the context of listed firms on the Pakistan Stock Exchange. Dividend policy decisions are critical for firms as they directly affect shareholders’ wealth and provide insights into a company’s financial health and management’s confidence in prospects. The study utilizes a comprehensive dataset comprising financial information, Data collected for companies from the DataStream for the period 2010 and 2020. A sample of 100 corporations listed on the Pakistan Stock Exchange was chosen by including firms that have paid dividends for ten years in a row and have consistent payout practices. Various financial indicators such as return on equity (ROE), earnings per share (EPS), and dividend per share (DPS) and Dividend Yield (DY) are employed to measure firm performance and stockholders’ wealth. Using advanced econometric techniques, including descriptive analysis, correlation analysis and regression analysis, the study assesses the impact of dividend policy on firm performance and stockholders’ wealth. The study’s outcomes have implications for investors, managers, and policymakers in Pakistan, enabling them to make informed decisions regarding dividend distributions and their potential impact on various stakeholders. By gaining insights into the relationship between dividend policy and these key performance indicators, firms can make more informed decisions regarding dividend distributions and develop strategies to maximize stockholders’ wealth while maintaining financial stability.

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Section: Review Of Empirical Evidencementioning

confidence: 99%

Effect of Dividend Policy on Firm Performance and Stockholders Wealth: Evidence from Listed Firms on Pakistan Stock Exchange

Malik

2023

Jour. Pol. Soc.

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Section: Review Of Empirical Evidencementioning

confidence: 99%

Pakistan Stock Market Reactions to Covid-19: Moderating Effect of Government Intervention

Hussain,

Malik

2023

Jour. Pol. Soc.

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COVID-19, also known as coronavirus, is extremely contagious, and it spreads quickly. The Pakistani government has taken the necessary precautions to prevent the spread of COVID-19. This research investigates the moderating effect of government interventions on the association between stock returns and increasing confirmed cases. The Black Swan theory can be linked to this study. To investigate the effect of government intervention during the Covid-19 time on the Pakistan stock market, this study has employed a multivariate time-series analysis. The sample consists of 433 daily observations collected in Pakistan from 10th March 2020 to 13th December 2021. The exchange rate was taken as a control variable for this research. The findings have shown that government social distancing policies have a negative impact, whereas government containment, health response, and income assistance programs are likely to contribute to a positive market reaction by increasing investor confidence and lowering the disease’s negative economic impacts. Regression analysis shows that the SI has a negative relationship with stock return and containment and mitigation and economic support health index has positive relationship with stock return, but they have no effect on movement of return as they are insignificant. However, the results imply that COVID-19 confirmed cases and the exchange rate have a significant negative impact on the movement of the stock return. The findings have important policy implications because they show that government intervention policies have significant economic effects.

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“…Dividend payouts are the earning percentage that is paid to shareholders in the form of a dividend. The company pays to investors from its net income so, this dividend payment affects its profitability (Jahan, 2019). Many academic researchers were amazed to know the motive of the company and investors behind the payment of a dividend; The Company might announce a dividend to give profit to investors alongside attract to potential customers, on the contrary, investors are interested in a dividend that on a dividend they continue their investments (Mamaro & Tjano, 2019).…”

Section: 2mentioning

confidence: 99%

“…Return pay-out decreases the estimation of the held profit of an organization. The main source of internal financing for a company is the profit that is the part of the income that is kept to the side for investment (Jahan, 2019). A firm's profitability shows a firm's stability after the payment of its expenses and other charges (Shiranthi & Perera, 2020).…”

Section: Introduction 11mentioning

confidence: 99%

Relationship Between the Dividend Payout and Firm’s Profitability: A Study in the Oil Sector of Pakistan

Aman,

Bibi,

Khan

2022

jobams

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Many researchers have considered the issue of dividend policy over many other factors of profitability namely; profit margin, return on sales, return on assets, return on equity and return on investment however the motive of our study was to focus on the dividend payout ratio which is the one aspect of dividend policy over two main profitability ratios i.e. Return on Asset and Return on Equity therefore with the consideration of these factors this study derived the relationship between the dividend payout ratio and profitability nevertheless the impact of dividend payout ratio over return on asset (a component of profitability) is also derived. Moreover, the data of the listed oil sector companies of Pakistan is undertaken and the regression and correlation tests are applied on the variables to check the relationship and impact on each other besides the result showed that dividend payout ratio is the critical component which affects the performance of the firm since it is identified in our study with the R square of 0.18. Therefore, considering the result of this study it is said that the oil sector companies must pay attention to their dividend policies seeing as it affects the firm’s performance.

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Financial Performance and Dividend Pay-Out of Energy Companies in Chittagong Stock Exchange of Bangladesh

Cited by 5 publications

References 6 publications

Effect of Dividend Policy on Firm Performance and Stockholders Wealth: Evidence from Listed Firms on Pakistan Stock Exchange

Effect of Dividend Policy on Firm Performance and Stockholders Wealth: Evidence from Listed Firms on Pakistan Stock Exchange

Pakistan Stock Market Reactions to Covid-19: Moderating Effect of Government Intervention

Relationship Between the Dividend Payout and Firm’s Profitability: A Study in the Oil Sector of Pakistan

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