Dividend Policy and Firm Performance: Evidence from the Manufacturing Companies Listed on the Colombo Stock Exchange

Dividend Policy and Firm Performance: Evidence from the Manufacturing Companies Listed on the Colombo Stock Exchange

T.Mangaleswaran

Contact

Prof. T.Velnampy

Contact

Mr. P.Nimalthasan

Contact

Miss. K.Kalaiarasi

Contact

University of Jaffna

Dividend Policy and Firm Performance: Evidence from the Manufacturing Companies Listed on the Colombo Stock Exchange

Article Fingerprint

ReserarchID

02R51

Dividend Policy and Firm Performance: Evidence from the Manufacturing Companies Listed on the Colombo Stock Exchange Banner

AI TAKEAWAY

Connecting with the Eternal Ground

Abstract

The main thrust of this study is to find out the relationship between dividend policy and firm performance of listed manufacturing companies in Sri Lanka. Design: A set of listed manufacturing companies have been investigated to using the data representing the periods of 2008 -2012.Returns on equity and return on assets were used as the determinants of firm performance whereas dividend payout and earnings per share were used as the measures of dividend policy. The statistical tests were used includes: descriptive statistics, correlation and regression analyses.

References

19 Cites in Article

Reference Format

Fischer Black (1976). The Dividend Puzzle.
S Foong,N Zakaria,H Tan (2007). Firm Performance and Dividend-Related Factors: The Case of Malaysia.
A Hafeez,Y Attiya (2009). The Determinants of Dividend Policy in Pakistan.
R Kajananthan,P Nimalthasan (2013). Corporate Governance Practices and Capital Structure: Special Reference to Listed Companies in Sri Lanka ..
R Kajananthan (2012). Corporate Governance Practices and Its Impact on Firm Performance: Special Reference to Listed Banking Institutions in Sri Lanka.
J Kale,H Thomas (1990). Dividends, uncertainty and underwriting costs under asymmetric information.
M Lipson,C Maquieira,W Megginson (1998). Dividend initiations and Earnings surprises.
Merton Miller,Franco Modigliani (1961). Dividend Policy, Growth, and the Valuation of Shares.
Doron Nissim,Amir Ziv (2001). Dividend Changes and Future Profitability.
K Oskar,S Ivan,Oleksandr,B Diw (2007). Does Corporate Governance Affect Dividend Policy? Evidence from Poland July.
S Pruitt,L Gitman (1991). The interactions between the investment, financing, and dividend decisions of major US firms.
S Ross,R Westerfield,J Jaffe (2002). Corporate Finance.
K Samuel,M Edward (2011). Dividend Policy and Bank Performance in Ghana.
T Velnampy,P Nimalthasan (2013). Corporate Governance Practices, Capital Structure and Their Impact on Firm Performance: A Study on Sri Lankan Listed Manufacturing Companies.
T Velnampy (2013). Corporate Governance and Firm Performance: A Study of Sri Lankan Manufacturing Companies.
T Velnampy (2010). Firm size on profitability.
T Velnampy,B Nimalathasan (2010). Firm size on profitability.
T Velnampy,P Nimalthasan,K Kalaiarasi (2014). Corporate Governance Practices and Liquidity Management: Special Reference of Selected Manufacturing Companies Listed on the Colombo Stock Exchange.
R Zeckhouser,J Pound (1990). Are large shareholders effective monitors? An investigation of share ownership and corporate performance.

Download References

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

T.Mangaleswaran. 2014. \u201cDividend Policy and Firm Performance: Evidence from the Manufacturing Companies Listed on the Colombo Stock Exchange\u201d. Global Journal of Management and Business Research - A: Administration & Management GJMBR-A Volume 14 (GJMBR Volume 14 Issue A6).

More Citation Formats

Select Citation Style:

Download Citation

GJMBR Volume 14 Issue A6

Explore Journals Explore Volume Read This Issue

Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

dividend payout dividend policy earnings per share Firm performance return on assets returns on equity Sri Lanka

Submission ReceivedDecember 9, 2013
Peer Review Double Blind
Handling Editor
Accepted January 3, 2014
Published January 15, 2014

Version of record

v1.2

Issue date

September 13, 2014

Language

Experiance in AR

Explore published articles in an immersive Augmented Reality environment. Our platform converts research papers into interactive 3D books, allowing readers to view and interact with content using AR and VR compatible devices.

View in VR

Read in 3D

Your published article is automatically converted into a realistic 3D book. Flip through pages and read research papers in a more engaging and interactive format.

View in 3D

Article Matrices

Total Score: 103

Country: Sri Lanka

Subject: Global Journal of Management and Business Research - A: Administration & Management

Authors: Prof. T.Velnampy, Mr. P.Nimalthasan, Miss. K.Kalaiarasi (PhD/Dr. count: 0)

View Count (all-time): 193

Total Views (Real + Logic): 4438

Total Downloads (simulated): 2310

Publish Date: 2014 09, Sat

Monthly Totals (Real + Logic):

Month 1: 42 views
Month 2: 55 views
Month 3: 34 views
Month 4: 36 views
Month 5: 58 views
Month 6: 26 views
Month 7: 24 views
Month 8: 47 views
Month 9: 43 views
Month 10: 17 views
Month 11: 45 views
Month 12: 18 views
Month 13: 26 views
Month 14: 31 views
Month 15: 33 views
Month 16: 26 views
Month 17: 29 views
Month 18: 15 views
Month 19: 18 views
Month 20: 17 views
Month 21: 37 views
Month 22: 18 views
Month 23: 37 views
Month 24: 25 views
Month 25: 26 views
Month 26: 20 views
Month 27: 31 views
Month 28: 39 views
Month 29: 37 views
Month 30: 37 views
Month 31: 42 views
Month 32: 43 views
Month 33: 26 views
Month 34: 23 views
Month 35: 28 views
Month 36: 41 views
Month 37: 41 views
Month 38: 21 views
Month 39: 28 views
Month 40: 40 views
Month 41: 13 views
Month 42: 31 views
Month 43: 31 views
Month 44: 37 views
Month 45: 31 views
Month 46: 45 views
Month 47: 22 views
Month 48: 47 views
Month 49: 28 views
Month 50: 35 views
Month 51: 28 views
Month 52: 42 views
Month 53: 46 views
Month 54: 36 views
Month 55: 24 views
Month 56: 14 views
Month 57: 13 views
Month 58: 41 views
Month 59: 26 views
Month 60: 46 views
Month 61: 16 views
Month 62: 31 views
Month 63: 13 views
Month 64: 45 views
Month 65: 41 views
Month 66: 22 views
Month 67: 22 views
Month 68: 23 views
Month 69: 23 views
Month 70: 26 views
Month 71: 32 views
Month 72: 34 views
Month 73: 41 views
Month 74: 17 views
Month 75: 28 views
Month 76: 41 views
Month 77: 18 views
Month 78: 18 views
Month 79: 26 views
Month 80: 18 views
Month 81: 25 views
Month 82: 44 views
Month 83: 19 views
Month 84: 34 views
Month 85: 21 views
Month 86: 43 views
Month 87: 20 views
Month 88: 40 views
Month 89: 31 views
Month 90: 21 views
Month 91: 28 views
Month 92: 23 views
Month 93: 21 views
Month 94: 34 views
Month 95: 25 views
Month 96: 18 views
Month 97: 31 views
Month 98: 30 views
Month 99: 33 views
Month 100: 47 views
Month 101: 45 views
Month 102: 14 views
Month 103: 36 views
Month 104: 13 views
Month 105: 41 views
Month 106: 24 views
Month 107: 21 views
Month 108: 29 views
Month 109: 44 views
Month 110: 17 views
Month 111: 24 views
Month 112: 30 views
Month 113: 27 views
Month 114: 26 views
Month 115: 37 views
Month 116: 31 views
Month 117: 14 views
Month 118: 40 views
Month 119: 37 views
Month 120: 43 views
Month 121: 24 views
Month 122: 17 views
Month 123: 22 views
Month 124: 39 views
Month 125: 32 views
Month 126: 16 views
Month 127: 27 views
Month 128: 23 views
Month 129: 25 views
Month 130: 26 views
Month 131: 34 views
Month 132: 41 views
Month 133: 23 views
Month 134: 19 views
Month 135: 16 views
Month 136: 40 views
Month 137: 51 views
Month 138: 78 views
Month 139: 35 views
Month 140: 47 views
Month 141: 39 views

Total Views: 4438

Total Downloads: 2310

2026 Trends

Our website is actively being updated, and changes may occur frequently. Please clear your browser cache if needed. For feedback or error reporting, please email [email protected]