IDEAS home Printed from https://ideas.repec.org/a/ksb/journl/v11y2018i1p110-130.html
   My bibliography  Save this article

Impact of Ownership Structure On Corporate Dividend Policy and Performance

Author

Listed:
  • Muhammad Kaleem Khan

    (Faculty Member, Ilma University)

  • Rashid Ali

    (PhD Scholar Indus University Karachi, Assistant Professor, Ilma University)

  • Shaista Tariq

    (PhD Scholar Indus University Karachi, Assistant Professor, KASB Institute of Technology Karachi)

Abstract

Ownership structure and dividend policy have been the debatable financial issue for the firms over the last few decades. This study aims to inspect the impact of ownership structure plus corporate dividend policy on the firm performance of oil and gas companies listed at KSE 100 Index in Pakistan. The Panel data was composed from the annual reports of oil and gas firms for 10 years from 2004 to 2014 on the annual basis. The Hausmen Test was implemented to examine the random or fixed affects, therefore the fixed affects were deployed to examine the impact of ownership structure as well as dividend policy on the firm performance. The results indicate that director`s ownership and institutional ownership does not have positive influence over the firm performance while individual shareholder`s ownership have positive influence over the firm performance. The results also indicate that ownership structure; Director Ownership, Institutional shareholder Ownership and Individual shareholders does not have positive influence over the corporate dividend policy.

Suggested Citation

  • Muhammad Kaleem Khan & Rashid Ali & Shaista Tariq, 2018. "Impact of Ownership Structure On Corporate Dividend Policy and Performance," KASBIT Business Journals (KBJ), Khadim Ali Shah Bukhari Institute of Technology (KASBIT), vol. 11(1), pages 110-130, December.
    • Handle: RePEc:ksb:journl:v:11:y:2018:i:1:p:110-130
    as

    Download full text from publisher

    File URL: http://kbj.kasbit.edu.pk/Volumes/Vol11/P6%20Vol.11.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Karartı, Tuncay, 2014. "Impact of ownership structure on leverage of non-financial firms in developing countries," MPRA Paper 61483, University Library of Munich, Germany.
    2. Mukhtar Musa BAko, 2015. "Ownership Structure and Dividend Policy: An Analysis of Consumer Goods Indusry in Nigeria," Proceedings of International Academic Conferences 2604448, International Institute of Social and Economic Sciences.
    3. Zunaidah Sulong & Pervaiz K. Ahmed, 2011. "Ownership structure, board governance, dividends and firm value: an empirical examination of Malaysian listed firms," International Journal of Business Governance and Ethics, Inderscience Enterprises Ltd, vol. 6(2), pages 135-161.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sattar Khan & Yasir Kamal & Shahid Hussain & Muhammad Abbas, 2022. "Corporate governance looking back to look forward in Pakistan: a review, synthesis and future research agenda," Future Business Journal, Springer, vol. 8(1), pages 1-32, December.
    2. Mubashir Ali Khan & Fareeha Abbasi & Muhammad Azeem Ahmad & Imran Arshad, 2020. "What Determines A Dividend Policy Of Listed Non-Financial Firms Of Pakistan," IBT Journal of Business Studies (JBS), Ilma University, Faculty of Management Science, vol. 16(2), pages 103-121.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.

      Corrections

      All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ksb:journl:v:11:y:2018:i:1:p:110-130. See general information about how to correct material in RePEc.

      If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

      If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

      If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

      For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Yasir Jaseem (email available below). General contact details of provider: https://edirc.repec.org/data/fmkaspk.html .

      Please note that corrections may take a couple of weeks to filter through the various RePEc services.

      IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.