ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles by I M PandeySubscribe to I M Pandey

Dividend Behaviour of Indian Companies post Macroeconomic Policy Shock

The impact of the macroeconomic shock of demonetisation in 2016 on the dividend payout policy of Indian companies is examined. The analyses of 2,157 Indian companies’ data for the period from 2013 to 2018 find that both aggregate dividend payout ratio and the number of companies paying dividends dropped in post-demonetisation years. The results of the dynamic system generalised method of moments show that the long-term target dividend payout ratio declined by 9.31% post demonetisation. The study suggests that major macroeconomic shocks affect the dividend payout decisions of companies.

Financing Decisions-A Survey of Management Understanding

A Survey of Management Understanding A FIRM after having determined its investment policy, should plan the sources of finance and their mix. Those firms which do not formally plan their capital structures are likely to have uneconomical and imbalanced capital structures, and they could lace considerable difficulties in raising capital on favourable terms in the long-run. The improper mix of capital can also render operations of firms inflexible.
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