The dividends are the compensation, strewed earnings or the capital stock paid out to the shareholders for risk bearing on the investment. The managers are confronted with the challenge in earning’s management when arriving at the investment and the dividend decisions. Normally, the investment decision is preferred to the dividend one. Due to the wobbly corporate governance and the weak legal system, the growth is not being transformed properly to the investors. As a result the funds are exploited by the management for its own ends. It is an effort to put some light on the dividend paying behavior of the companies in the developing countries particularly in Pakistan.
The objective of research is to delve into the dividend policy in the FMCG sector of Pakistan. In the research an effort is made to find out whether certain variables (Liquidity, Firm Size & Growth) show similar impact in the Pakistani FMCG industry or they show different behavior in Pakistan. Pakistan is emerging as an international retailer and retail market is becoming attractive for new investors. USC (Utility Stores Corporation), Metro cash & carry and Carrefour are planning to open more and more stores in different areas of Pakistan, so it is clear that FMCG sector of Pakistan is worth studying.
Dividends policy and firm's behavior on dividend payments has been a significant area of research in the field of financial economics. Firms have the option either to retain their earnings or distribute them to stockholders in the form of dividends. But retention is comparatively advantageous in that firms can reinvest their earnings in profitable projects. The question arises, as to why firms pay dividends then? This book is an endeavor to find an answer to this question together with assessing the impact of financial reforms of 1990's on the dividend payout behavior of the publicly listed firms of Karachi Stock Exchange of Pakistan.
Challenging behavior in students is a world wide problem.Challenging behavior is a vexed issue in rural areas of Pakistan.There are so many causes behind challenging behavior in students.Poverty and illiteracy of parents are one of the fundamental causes of challenging behavior in the world. The book focuses on the nature and causes of challenging behavior in secondary school students in Pakistan. The book reflects the management strategies to overcome the challenging behavior.The work will be significant for the academicians,researchers,psychologists and parents.
Curriculum plays a vital role in behavior development of students. The study highlights the content analysis regarding behavior development at primary school level in Pakistan. Urdu, Islamic Studies and Social Studies were analyzed regarding the concept of morality, peace, sympathy, loyalty, brotherhood and truth.The study reflects the perceptions of teachers teaching to 5th class regarding the role of curriculum in behavior development at primary school level in Pakistan.
Dividend policy is one of the most complex aspects in finance. Why shareholders like dividends and reward managers paying regular growing dividends is still unanswered. The finance manager''s goal is to frame a dividend policy to augment the firm''s value. The latter has implications for investors, managers, lenders and stakeholders, expressly the claimholders. This book is an attempt to study the dividend payout patterns, trends, and determinants in rising markets by focusing solely on IT, FMCG and Services sector. It explores the rationale for stable dividend payments by empirically testing the validity of Lintner Model in Indian context. It reviews and identifies the relative value of known determinants and discerns the influence of ownership groups on dividend payout behavior and tries to unfold the liaison amid shareholders'' wealth and dividend payout. The contents aid to policy makers and Finance managers to reframe an apt dividend policy by assisting them to study the effects of varied market frictions on firms and claimholders. The readers will get a firm knowledge about factors constantly affecting firms'' payout decisions and ownership structure beneficial to shareholders.
Secure investment with maximum returns is the major concern for an investor at the time of crises situation present in any economy. Investors in such situation tend to invest in the sectors of different economies in various jurisdictions, where they expect more rewards with safe investment environment. For this decision detail examination of major determines of dividends serve as a major tool. This book is covering the corporate sector of Pakistan for this sake. Pakistan is enjoying an important geographic and strategic position with the capacity of future economic growth. This book is a useful source for different institutions, researchers, investors, students and professionals in the filed of finance and economics. Four sectors (4) and Twenty Five (25) listed corporations of Karachi Stock Exchange (KSE) have been included in this whole study to investigate the relationship of Net and Deferred Taxation, Net and Gross Earnings, Internal Shareholding, Small and Large Shareholdings and Previous Year Dividend to determine the pattern and behavior of dividend payout in the corporate sector of Pakistan.
Everyone needs to invest, but where do you invest during bear markets? The massive stock declines over the past year have eroded savings, but this doesn't mean you should stuff your money under a mattress. It needs to be put to work getting some return so that it will grow. Smart investors will turn to high dividend paying stocks to get a stable and growing stream of income. Dividend investing-that provides an income beyond any gain in the share price-may be the investor's best weapon. Dividends are safe, largely reliable, and maybe at the their cheapest levels in many years. While the best paying dividend stocks of recent years, such as financials, took a huge beating in 2008, opportunities will abound in 2010 and beyond-if you know where to look. In The Little Book of Big Dividends, dividend stock expert Chuck Carlson presents an action plan for dividend-hungry investors. You'll learn about the pitfalls, how to find the opportunities, and will learn how to construct a portfolio that generates big, safe dividends easily through the BSD (Big, Safe Dividends) formula. If you're a bit adventurous, Carlson has you covered, and will teach you how to find big, safe dividends in foreign stocks, preferred stocks, ETFs, real estate investment trusts, and more. Contains the simple tools, strategies, and recommendations for finding big, safe dividends Helps you put a complete portfolio together that pays dividends every month Show you the top dividend paying stocks with their dividend payment dates It doesn't get any easier than this, and in these turbulent times, you can't afford to ignore the power of dividends. Read The Little Book of Big Dividends and gain a better perspective of how you can protect yourself for the future.
Parents have a significant role in behavior development of students.The book reflects the perceptions of parents towards behavior development at secondary school level in urban and rural areas of Punjab province of Pakistan.The study highlights the factors promoting behavior development in secondary school students in Pakistan.The study is significant for parents, secondary school teachers and behaviorists.
This book illustrates the impact of leverage, dividend policy and voluntarily contribution (donations, charities and kind gift) on Agency cost of free cash flow in Pakistan. The free cash flow is defined as the cash that is in the hand of the manager by paying all the expenditures excluding expenditures such as research and development.The over all value of the firm can be maximized by reducing the agency cost of free cash flow.Firm must devised their financial policies in such a way that reduce agency cost of free cash flow.The content of this book will provide insight on the key financial policies that can be adopted to reduce agency cost of free cash flow.The results of many studies proved that debt, dividend policy and voluntarily contributions are effective mechanism of controlling agency cost of free cash flow.
Challenging behavior in students is a worldwide burning issue. parents have a significant role in behavior development of students.The study reflects the perceptions of parents towards challenging behavior in secondary school students. The study highlights the factors promoting challenging behavior in secondary school students in Punjab province of Pakistan.The study is important for the secondary school teacher training programs and behaviorists.
While we are still in the dilemma yet to have a consensus in our understanding of dividends, the empirical modeling of dividend policy has overwhelmingly relied on the model proposed by Lintner (1956). Despite the huge literature in dividends, a number of key issues remain unresolved and clear guidelines for an “optimal payout policy” have not emerged. The aim of this manuscript is to assess whether Lintner’s dividend model supports dividend payments in corporate firms. In attempt to test whether the Lintner’s model explains the dividend payments of the corporate firms, the manuscript tries to answer the following questions; Do corporate firms have long-term target dividend payout ratios?, Do managers focus more on dividend changes than on absolute levels?, Does Dividend follow a smoother path than earnings? And Are managers reluctant to make changes to dividends that might have to be reversed?
Dividend policy is controversial. Many doubtful reasons are given for why dividend policy might be important, and many of the claims made about dividend policy are economically illogical. Dividend policy has been the subject of considerable debate. In sum, the above issues coupled with the gap in the literature call for research in the area of determinants of dividend policy. To this end, this book presents a study on the factors that influence dividend policy in the Ethiopian insurance industry. In order to achieve the objective of the study, the study uses mixed research approach. Panel data covering nine-year period are analyzed for nine insurance companies. Also in-depth interview is conducted with company officials. The study analyses a range of determinants of dividend policy: Profitability, growth, Liquidity, Size and Leverage of the firm. The random effects technique has been applied to find out the most significant variables used by the insurance companies in making the dividend decision. The study provides evidence that profitability, liquidity and growth are the most important factors that affect dividend policy of insurance companies in Ethiopia.
The mean of this study to the awareness of non-Islamic festivals is Islamic Republic of Pakistan. This study explains the history of Pakistan and history of festivals that are celebrated in Pakistan. This research is qualitative in nature we found all results based on Quran verses and Hades. Our findings show some festivals that are not synchronize of Islam but still celebrate in Pakistan. The plan of this study to find out the importance of respect to other’s religion by using all prominent rules of respective religions and scared verses of respective religion. We reached at conclusion that love respect and humanity is part of all religions. The aim of this study is to discuss the history of kite flying in indo-Pak sub continent based on news reports and explore the festival causes and human loses bear by the Pakistan. We collect the data and analysis with the help of news reports. Propose of this study to investigate the consumer behavior towards the iconic festival in Islamic Republic of Pakistan. How these festivals diffuse in Pakistan? Study gathers the information through semi-structured interview with 25 respondents. NVivo used to analyze the result.
The main objectives of this book are to empirically analyze the impact of leader’s change-promoting behavior on employee’s readiness for change and whether this relationship is mediated by organizational culture in the context of a developing country such as Pakistan. A sample of 205 responses is drawn from managers based in Karachi. With the help of advanced multivariate statistical techniques, the results indicate that leader’s change-promoting behavior has a significant positive impact on change readiness and this relationship is partially mediated by organizational culture in Karachi. The findings may be generalized on a larger population in Pakistan. The study supports the theory of one of the six conceptual formations of change readiness which refers it to as an employee’s capacity to change. Therefore, managers should clearly advocate the desired change with the help of their own change-prompting behavior as well as establishing a trusting culture in their organization. Both limitations and areas for future research in the context of Pakistan are also discussed.