Title: Does dividend payout policy matter for firm performance in India?

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.

DOI: 10.1504/IJCG.2019.101514

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 *

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