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Does Dividend Policy Influence Financial Performance? Evidence from Selected IT Companies in India

Brajaballav Pal, Debasish Bera

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Attribution-Non-commercial 4.0 International (CC BY-NC 4.0)

This license enables reusers to distribute, remix, adapt, and build upon the material in any medium or format for noncommercial purposes only, and only so long as attribution is given to the creator.

Journal of Social Welfare and Management 14(3(Part-II)):p 211-219, September-December 2022. | DOI: https://doi.org/10.21088/jswm.0975.0231.14322.8

How Cite This Article:

Brajaballav Pal, Debasish Bera/Does Dividend Policy Influence Financial Performance? Evidence from Selected IT Companies in India/J Soc Welfare Manag. 2022;14,3(Part-II):211–219.

Timeline

Received : August 20, 2022         Accepted : September 03, 2022          Published : December 30, 2022

Abstract

The purpose of the study is to examine the impact of Dividend Policy on firm’s financial performance; especially on selected Indian IT Companies. The data have been collected from the annual reports, journals and money control website. Panel data regression model has been applied to examine the impact of dividend policy on financial performance of Selected Indian IT Companiesfor the study period ranging from 2011 to 2020. For the purpose of the study, we have considered 10 Indian ITsector companies on the basis of their Revenue and Market Capitalisation. Findings of the study reveal that Net Profit, Firm size and Dividend pay out Ratio have statistically significant effects on financial performance.

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Data Sharing Statement

There are no additional data available. All raw data and code are available upon request.

Funding

This research received no funding.

Author Contributions

All authors contributed significantly to the work and approve its publication.

Ethics Declaration

This article does not involve any human or animal subjects, and therefore does not require ethics approval.

Acknowledgements

We would like to express our gratitude to the patients, their families, and all those who have contributed to this study.

Conflicts of Interest

No conflicts of interest in this work.

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Cite this article

Brajaballav Pal, Debasish Bera/Does Dividend Policy Influence Financial Performance? Evidence from Selected IT Companies in India/J Soc Welfare Manag. 2022;14,3(Part-II):211–219.

Licence:

Attribution-Non-commercial 4.0 International (CC BY-NC 4.0)

This license enables reusers to distribute, remix, adapt, and build upon the material in any medium or format for noncommercial purposes only, and only so long as attribution is given to the creator.

Received Accepted Published
August 20, 2022 September 03, 2022 December 30, 2022
DOI: https://doi.org/10.21088/jswm.0975.0231.14322.8

Keywords

Financial performanceROAROCEDividend PayoutFirm SizeNet Profit

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Timeline

Received August 20, 2022
Accepted September 03, 2022
Published December 30, 2022

licence

Attribution-Non-commercial 4.0 International (CC BY-NC 4.0)

This license enables reusers to distribute, remix, adapt, and build upon the material in any medium or format for noncommercial purposes only, and only so long as attribution is given to the creator.


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