Corporate Dividend Policy in India – Application of Dynamic Partial Adjustment Equation using Extended Instrumental Variable Approach

dc.contributor.authorDr. Manoj Subhash Kamat
dc.contributor.authorDr. Manasvi M. Kamat
dc.date.accessioned2025-02-28T05:40:51Z
dc.date.available2025-02-28T05:40:51Z
dc.date.issued2025-02-28
dc.description.abstractThis paper aimed to test applicability of dividend stability hypothesis and add to the relatively limited literature on aspects of dividend decision by examining the dynamics of relationship between dividend payouts and a host of other explanatory variables. We model the dynamic panel data using Partial Adjustment Model (PAM) within the framework of Generalized Methods of Moments (GMM) using Instrumental Variable (IV) approach to advance the knowledge of dividend and uncover the macro-economic determinants of dividend along the variability of dividend policy practices in India for a longer time window, 1971-2007.
dc.identifier.urihttp://mescollege.ndl.gov.in/handle/123456789/53
dc.language.isoen
dc.relation.ispartofseriesThe Indian Journal of Commerce; Vol. 64, No. 2, April-June 2011
dc.titleCorporate Dividend Policy in India – Application of Dynamic Partial Adjustment Equation using Extended Instrumental Variable Approach
dc.typeArticle
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