{"id":"https://openalex.org/W4234865372","doi":"https://doi.org/10.15295/bmij.v3i1.23","title":"EFFECT OF DIVIDEND POLICY ON STOCK PRICES","display_name":"EFFECT OF DIVIDEND POLICY ON STOCK PRICES","publication_year":2015,"publication_date":"2015-07-31","ids":{"openalex":"https://openalex.org/W4234865372","doi":"https://doi.org/10.15295/bmij.v3i1.23"},"language":"en","primary_location":{"id":"doi:10.15295/bmij.v3i1.23","doi":"https://doi.org/10.15295/bmij.v3i1.23","is_oa":true,"landing_page_url":"http://doi.org/10.15295/bmij.v3i1.23","pdf_url":null,"source":{"id":"https://openalex.org/S2765070652","display_name":"Business And Management Studies An International Journal","issn_l":"2148-2586","issn":["2148-2586"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":["erih-plus","tr-dizin"],"host_organization":"https://openalex.org/P4310318259","host_organization_name":"Akademik Platform","host_organization_lineage":["https://openalex.org/P4310318259"],"host_organization_lineage_names":["Akademik Platform"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Business &amp; Management Studies: An International Journal","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"http://doi.org/10.15295/bmij.v3i1.23","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5016898637","display_name":"Adnan Ali","orcid":"https://orcid.org/0000-0003-4051-3153","observed_orcids":["https://orcid.org/0000-0003-4051-3153","https://orcid.org/0000-0001-8836-8851"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Adnan AL\u0130","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5062621434","display_name":"Farzand Ali Jan","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Farzand Ali Jan","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5055725958","display_name":"Ilyas Sharif","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Ilyas Sharif","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":8.8331,"has_fulltext":false,"cited_by_count":22,"citation_normalized_percentile":{"value":0.97482278,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"3","issue":"1","first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9937000274658203,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9937000274658203,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.0026000000070780516,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.0020000000949949026,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/dividend-policy","display_name":"dividend policy","score":1.0},{"id":"https://openalex.org/keywords/stock-prices","display_name":"stock prices","score":0.9909999966621399},{"id":"https://openalex.org/keywords/dividend-payout-ratio","display_name":"dividend payout ratio","score":0.9739999771118164},{"id":"https://openalex.org/keywords/dividend-per-share","display_name":"dividend per share","score":0.8870000243186951},{"id":"https://openalex.org/keywords/retention-ratio","display_name":"retention ratio","score":0.9359999895095825},{"id":"https://openalex.org/keywords/bird-in-the-hand-theory","display_name":"bird-in-the-hand theory","score":0.8930000066757202},{"id":"https://openalex.org/keywords/earnings-per-share","display_name":"earnings per share","score":0.8999999761581421},{"id":"https://openalex.org/keywords/return-on-equity","display_name":"return on equity","score":0.9829999804496765},{"id":"https://openalex.org/keywords/profit-after-tax","display_name":"profit after tax","score":0.8650000095367432},{"id":"https://openalex.org/keywords/non-financial-firms","display_name":"non-financial firms","score":0.8289999961853027},{"id":"https://openalex.org/keywords/kse-100-index","display_name":"KSE-100 index","score":0.8830000162124634},{"id":"https://openalex.org/keywords/karachi-stock-exchange","display_name":"Karachi Stock Exchange","score":0.574999988079071}],"concepts":[{"id":"https://openalex.org/C59399099","wikidata":"https://www.wikidata.org/wiki/Q5284040","display_name":"Dividend policy","level":3,"score":0.7311796545982361},{"id":"https://openalex.org/C116168712","wikidata":"https://www.wikidata.org/wiki/Q181201","display_name":"Dividend","level":2,"score":0.6891579627990723},{"id":"https://openalex.org/C206217203","wikidata":"https://www.wikidata.org/wiki/Q1134378","display_name":"Earnings per share","level":3,"score":0.6445572376251221},{"id":"https://openalex.org/C125889939","wikidata":"https://www.wikidata.org/wiki/Q2294672","display_name":"Dividend payout ratio","level":4,"score":0.6140114068984985},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5859625935554504},{"id":"https://openalex.org/C184530449","wikidata":"https://www.wikidata.org/wiki/Q2706107","display_name":"Dividend yield","level":4,"score":0.5689269304275513},{"id":"https://openalex.org/C200870193","wikidata":"https://www.wikidata.org/wiki/Q11691","display_name":"Stock exchange","level":2,"score":0.4914966821670532},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4878237545490265},{"id":"https://openalex.org/C2779538965","wikidata":"https://www.wikidata.org/wiki/Q1020013","display_name":"Share price","level":3,"score":0.4739525318145752},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.47190314531326294},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.4275365471839905},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.41494470834732056},{"id":"https://openalex.org/C199728807","wikidata":"https://www.wikidata.org/wiki/Q2578557","display_name":"Equity (law)","level":2,"score":0.41126441955566406},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.373063325881958},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.17015865445137024},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C2780762169","wikidata":"https://www.wikidata.org/wiki/Q5905368","display_name":"Horse","level":2,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.15295/bmij.v3i1.23","doi":"https://doi.org/10.15295/bmij.v3i1.23","is_oa":true,"landing_page_url":"http://doi.org/10.15295/bmij.v3i1.23","pdf_url":null,"source":{"id":"https://openalex.org/S2765070652","display_name":"Business And Management Studies An International Journal","issn_l":"2148-2586","issn":["2148-2586"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":["erih-plus","tr-dizin"],"host_organization":"https://openalex.org/P4310318259","host_organization_name":"Akademik Platform","host_organization_lineage":["https://openalex.org/P4310318259"],"host_organization_lineage_names":["Akademik Platform"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Business &amp; Management Studies: An International Journal","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.15295/bmij.v3i1.23","doi":"https://doi.org/10.15295/bmij.v3i1.23","is_oa":true,"landing_page_url":"http://doi.org/10.15295/bmij.v3i1.23","pdf_url":null,"source":{"id":"https://openalex.org/S2765070652","display_name":"Business And Management Studies An International Journal","issn_l":"2148-2586","issn":["2148-2586"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":["erih-plus","tr-dizin"],"host_organization":"https://openalex.org/P4310318259","host_organization_name":"Akademik Platform","host_organization_lineage":["https://openalex.org/P4310318259"],"host_organization_lineage_names":["Akademik Platform"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Business &amp; Management Studies: An International Journal","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W4394872250","https://openalex.org/W6950037315","https://openalex.org/W2931555720","https://openalex.org/W2964125815","https://openalex.org/W4392414782","https://openalex.org/W2132132703","https://openalex.org/W1863418297","https://openalex.org/W3088984512","https://openalex.org/W3193824256","https://openalex.org/W1878313609"],"abstract_inverted_index":{"This":[0],"investigates":[1],"the":[2,12,61,114,148,189,203,218,221],"effect":[3,73,78],"of":[4,11,47,63,127,134,220],"dividend":[5,23,43,194],"policy":[6,24],"on":[7,34,145,178],"stock":[8,26,204,222],"prices.":[9,27,206,224],"Objective":[10],"study":[13],"is":[14,57,65,172,184],"to":[15,124,158,168],"see":[16],"if":[17],"there":[18],"exists":[19],"any":[20],"relationship":[21,96,107],"between":[22,176],"and":[25,41,71,143,180],"We":[28],"analyzed":[29],"45":[30],"non-financial":[31],"companies":[32],"listed":[33],"KSE-100":[35],"index":[36],"that":[37,88,120,186],"have":[38,164],"earned":[39],"profits":[40],"paid":[42],"for":[44,54],"a":[45,104,125,131,215],"period":[46],"twelve":[48],"year":[49],"w.e.f.":[50],"2001.":[51],"Technique":[52],"adopted":[53,56],"sampling":[55],"convenience":[58],"sampling.":[59],"As":[60],"nature":[62],"data":[64],"panel":[66],"therefore,":[67],"pooled":[68],"regression,":[69],"fixed":[70],"random":[72],"tests":[74],"are":[75,80,147],"run.":[76],"Random":[77],"results":[79],"focused":[81],"after":[82,138,153],"applying":[83],"Hausman\u2019s":[84],"test.Regression":[85],"Results":[86],"witness":[87],"Dividend":[89],"per":[90,141,162],"Share":[91,98,109,163,181],"andRetention":[92],"Ratio":[93,102],"havean":[94],"insignificant":[95,156],"with":[97,108],"Market":[99],"Prices.Dividend":[100],"Payout":[101],"has":[103,155],"significant":[105,166,174],"positive":[106,165],"Prices":[110],"as":[111,195],"supported":[112],"by":[113,210],"Bird":[115],"in":[116,188,202,214,217],"hand":[117],"theory":[118],"suggested":[119],"owners":[121],"give":[122],"preference":[123],"dollar":[126,133],"estimated":[128],"dividends":[129],"over":[130],"likely":[132],"capital":[135],"gains.":[136],"Profit":[137,152],"tax,":[139],"Earning":[140],"share":[142],"Return":[144,177],"Equity":[146,179],"three":[149],"control":[150],"variables.":[151],"Tax":[154],"relation":[157,167,175],"Stock":[159,169],"Prices.":[160,170,182],"Earnings":[161],"There":[171],"negative":[173],"It":[183],"recommended":[185],"firms":[187,211],"sample":[190],"should":[191],"regularly":[192],"pay":[193],"it":[196],"will":[197,212],"cause":[198],"an":[199],"upward":[200],"movement":[201],"market":[205,223],"Whereas":[207],"profit":[208],"retention":[209],"result":[213],"decrease":[216],"value":[219]},"counts_by_year":[{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":4},{"year":2021,"cited_by_count":2},{"year":2020,"cited_by_count":4},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":4},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":1}],"updated_date":"2026-09-24T07:57:37.273135","created_date":"2022-05-12T00:00:00"}
