Authors: Amarjit Gill; Nahum Biger; Harvinder S. Mand
Addresses: Edwards School of Business, The University of Saskatchewan, 25 Campus Drive, Saskatoon, SK, S7N 5A7, Canada ' School of Business, Carmel Academic Center, Haifa, 33031, Israel ' Sikh National College, Banga District Sahid Bhagat Singh Nagar, Pin Code: 144505, East Punjab, India
Abstract: The study investigates the relationship between earnings management and subsequent dividend payout of Indian manufacturing firms. A sample of 228 firms was selected from top 500 companies listed on the Bombay Stock Exchange (BSE) for a period of four years (from 2008-2011). The findings of this study indicate that earnings management negatively impacts future dividend payout in the Indian manufacturing industry. This study contributes to the literature on the factors that impact dividend payout, and in particular on the association between several features of earnings management and dividend payout. The findings may be useful for financial managers, shareholders, stock investors, financial management consultants, and other stakeholders.
Keywords: earnings management; future dividend payouts; India; future dividends; Indian manufacturing industry.
International Journal of Business and Globalisation, 2014 Vol.12 No.4, pp.369 - 382
Published online: 22 Jun 2014 *Full-text access for editors Access for subscribers Purchase this article Comment on this article