TITLE

Impact of Dividend Policy on Stock Price Risk: Empirical Evidence from Equity Market of Pakistan

AUTHOR(S)
Asghar, Muhammad; Shah, Syed Zulfiqar Ali; Hamid, Kashif; Suleman, Muhammad Tahir
PUB. DATE
July 2011
SOURCE
Far East Journal of Psychology & Business;Jul2011, Vol. 4 Issue 1, p45
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This study is conducted with the objective to find out impact of dividend policy on stock price risk in Pakistan. The data of the study is taken from the published resources of State Bank of Pakistan and Karachi Stock Exchange regarding to five important sectors for the period 2005-2009. Descriptive statistics, correlation and regression models are used to perform the data analysis. The results of the study reveals that the correlation of price volatility and dividend yield is quite significant as compare to other variables. Moreover price volatility has negative correlation to the growth in assets. It is also inferred from the study that all the Variables are linked to the price Volatility; however, second model justifies the relational impact of some variables on the price volatility.
ACCESSION #
66424368

 

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