iBusiness

Volume 5, Issue 4 (December 2013)

ISSN Print: 2150-4075   ISSN Online: 2150-4083

Google-based Impact Factor: 0.54  Citations  h5-index & Ranking

Tax Shield and Its Impact on Corporate Dividend Policy: Evidence from Pakistani Stock Market

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DOI: 10.4236/ib.2013.54023    5,575 Downloads   9,516 Views  Citations

ABSTRACT

The problem: what is the taxation impact on dividend policy? While much optimal taxation research focuses on the economic effects of taxation, the purpose of this study is to add a new dimension by investigating the relationship between taxation and payout ratio and some other variables of dividend policy. These relations are tested using the data from financial statements of KSE listed companies. The results show that tax shield has no significant relation to the dividend payout ratio but mostly dividend policy is due to the size of the firm and its profitability.

Share and Cite:

A. Hassan, M. Tanveer, M. Siddique and M. Mudasar, "Tax Shield and Its Impact on Corporate Dividend Policy: Evidence from Pakistani Stock Market," iBusiness, Vol. 5 No. 4, 2013, pp. 184-188. doi: 10.4236/ib.2013.54023.

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[3] Effect of Taxation on Dynamic Capital Structure Decisions of Quoted Industrial Firms in Nigeria
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