Corporate leverage, financial efficiency, and the decision of Indian firms about the amount of dividends
by Amarjit Gill; Nahum Biger; Harvinder S. Mand
International Journal of Business and Globalisation (IJBG), Vol. 11, No. 3, 2013

Abstract: This study investigates the relationships between changes in corporate leverage, changes in financial efficiency, and changes in decision of Indian firms about the amount of dividends. A sample of all top 500 companies listed on the Bombay Stock Exchange for the period 2009-2012 was selected. The findings indicate that the changes in the corporate leverage cause changes in the financial efficiency and the changes in corporate leverage and financial efficiency cause changes in the decision about the amount of dividends in the Indian firms. The findings also indicate that the corporate leverage and the financial efficiency play some role in the decision to pay the amount of dividends. This study contributes to the literature on the factors that cause changes in the financial efficiency of the firm and the decision to pay the amount of dividends. The findings may be useful for financial managers, investors, financial management consultants and other stakeholders.

Online publication date: Thu, 21-Nov-2013

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Business and Globalisation (IJBG):
Login with your Inderscience username and password:

    Username:        Password:         

Forgotten your password?


Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com