The Paradox of Rising Dividend Payouts in a Recession: Evidence from Pakistan
This paper applies a probit model to a panel of 319 firms listed on the Karachi Stock Exchange over the period 1999–2010, and finds that changes in inflation have a statistically significant, positive impact on the probability of paying cash and bonus dividends. Inflation induces firms to revalue t...
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| Main Author: | |
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| Format: | Article |
| Language: | English |
| Published: |
Lahore School of Economics
2013-05-01
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| Series: | The Lahore Journal of Business |
| Subjects: | |
| Online Access: | https://journals.lahoreschool.edu.pk/LJB/LJB/article/view/7 |
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