Authors: Naliniprava Tripathy
Addresses: Indian Institute of Management Shillong, Meghalaya, 793 014, India
Abstract: The present study determined the dividend behaviour and firm performance before and after financial crisis period by using Lintner's dividend policy model from the year 2000 to 2016. The findings of the study showed that after the crisis, firms are behaving conservatively. The study also indicated that investors are expecting consistent dividends from the firms during post crises period in comparison to the pre-crisis period. The study postulated that dividend behaviour of the Indian companies is sensitive to the changes in earnings. The study elucidated that dividend policy is relevant for firm performance and upsurge shareholder value.
Keywords: dividend; earnings; payout policy; India.
International Journal of Corporate Governance, 2019 Vol.10 No.2, pp.134 - 148
Received: 26 Feb 2018
Accepted: 27 Jan 2019
Published online: 02 Aug 2019 *