International Journal For Multidisciplinary Research

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Does Ownership Structure Influence a Company's Dividend Policy?: A Study on NSE 500 Index

Author(s) Soumya L. Kulkarni, R.L. Hyderabad
Country India
Abstract The study examines the relationship between the ownership structure and dividend policy. It aims to explore the effects of Indian shareholdings, Foreign shareholdings, Independent Directors, Non-Independent Directors, Return on Assets and Debt on dividend decisions for a sample of 288 companies listed under NSE 500. Data was analyzed for the period of 2012-13 to 2021-22. The results show that dividend policy has positive and significant relationship with Indian shareholdings, Foreign Shareholdings, Independent Directors, Non-independent Directors and Return on Assets whereas Debt variable has negative and insignificant relationship.
Keywords Ownership Structure, Dividend Policy, Return on Assets, Debt
Published In Volume 5, Issue 1, January-February 2023
Published On 2023-02-21
Cite This Does Ownership Structure Influence a Company's Dividend Policy?: A Study on NSE 500 Index - Soumya L. Kulkarni, R.L. Hyderabad - IJFMR Volume 5, Issue 1, January-February 2023. DOI 10.36948/ijfmr.2023.v05i01.1658
DOI https://doi.org/10.36948/ijfmr.2023.v05i01.1658
Short DOI https://doi.org/grtwn5

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