References
- Ahmad, M. A., Alrjoub, A. M. S., & Alrabba, H. M. (2018). The effect of dividend policy on stock price volatility: empirical evidence from amman stock exchange. Academy of Accounting and Financial Studies Journal.
- Al-Malkawi, H.-A. N. (2008). Factors Influencing Corporate Dividend Decision: Evidence from Jordanian Panel Data. International journal of business, 13(12), 2008 ISSN: 1083−4346.
- Alayemi, S. A. (2013). Relationship between dividend payout and market price of shares (A case study of selected companies in food and beverages companies in Nigeria). indian journal of commerce and management studies, 4(1), 116.
- Ali, M. B., & Chowdhury, T. A. (2010). Effect of dividend on stock price in emerging stock market: A study on the listed private commercial banks in DSE. International journal of Economics and Finance, 2(4), 52-64.
- Allen, D. E., & Rachim, V. S. (1996). Dividend policy and stock price volatility: Australian evidence. Applied Financial Economics, 6(2), 175-188.
- Arnold, G. (2008). Corporate financial management: Pearson Education.
- Arnott, R. D., & Asness, C. S. (2003). Surprise! Higher dividends= higher earnings growth. Financial Analysts Journal, 59(1), 70-87.
- Baskin, J. (1989). Dividend policy and the volatility of common stocks. Journal of portfolio Management, 15(3), 19.
- Brennan, M. J., & Thakor, A. V. (1990). Shareholder preferences and dividend policy. The journal of Finance, 45(4), 993-1018.
- Davis, J. S. (1917). Essays in the earlier history of American corporations. Number IV: eighteenth century business corporations in the United States: Harvard University Press
- Financial Statements Analysis Companies (Non-Financial) State Bank of Pakistan. (2012-2017)
- Gordon, M. J. (1959). Dividends, earnings, and stock prices. The review of economics and statistics, 99-105.
- Gordon, M. J. (1962). The investment, financing, and valuation of the corporation: RD Irwin Homewood, IL.
- Gordon, M. J. (1963). Optimal investment and financing policy. The journal of Finance, 18(2), 264-272.
- Gujarati, D. N., & Porter, D. (2009). Basic Econometrics Mc Graw-Hill International Edition.
- Hausman, J. A. (1978). Specification tests in econometrics. Econometrica: Journal of the econometric society, 1251- 1271.
- Iftikhar, Y., & Ahmad, L. (2019). Dividend Policy and Share Price volatility: Evidence From Pakistan Stock Exchange of Listed Commercial Banks. Available at SSRN 3432199.
- Ilyas Sharif, A. A. & Farzand Ali. (2015). Effect of Dividend Policy on Stock Prices Journal of Management Info 6(1), 55-85.
- Kanwer, A. (2002). The determinants of corporate dividend policies in Pakistan: An empirical analysis. Foundation for Business and Economic Research.
- Khaled Hussainey, C. O. M., Aruoriwo M. Chijoke-Mgbame. (2010). Dividend Policy and Share Price Volatility: UK Evidence Journal of Risk Finance, 1-21.
- Khan, N. (2011). Dividend policy and the stock market reaction to dividend announcements in Pakistan. University of Dundee.
- Kinder, C. (2002). Estimating stock volatility. Available at: available at: http://finance. Yahoo. Com [Accessed 21 December 2015].
- Lintner, J. (1956). Distribution of incomes of corporations among dividends, retained earnings, and taxes. The American economic review, 46(2), 97-113.
- Lintner, J. (1964). Optimal dividends and corporate growth under uncertainty. The Quarterly Journal of Economics, 78(1), 49-95.
- Litzenberger, R. H., & Ramaswamy, K. (1979). The effect of personal taxes and dividends on capital asset prices: Theory and empirical evidence. Journal of financial economics, 7(2), 163-195.
- Masum, A. (2014). Dividend policy and its impact on stock price-A study on commercial banks listed in Dhaka stock exchange. Global Disclosure of Economics and Business, 3(1).
- Miller, M., & Modigliani, F. (1961). Dividend policy, growth, and the valuation of shares
- M Abrar-ul-haq, K. A., & Muhammad Imdad Ullah. (2015). Stock Price Volatility and Dividend Policy in Pakistan. International Journal of Scientific and Research Publications, 5(2), February 2015, 1-7.
- Nadeem Nazir, D. A. A., Dr. Hazoor Sabir. (2014). Impact of Dividend Policy on Stock Price Volatility:A Case Study of Pakistani Capital Market European Journal of Business and Management, 1-14.
- Nazir, M. S., Abdullah, M. M. N., & Nawaz, M. (2012). How dividend policy affects volatility of stock prices of financial sector firms of Pakistan. American Journal of Scientific Research, 61(61), 132-139.
- Nishat, M. Irfan. CM (2001). Dividend Policy and Stock Price Volatility in Pakistan. Paper presented at the 19th Annual General Meeting of PSDE, Pakistan Institute of Development Economics, Pakistan.
- Nishat, M. (1992). Share Prices, Dividend and Share Retained Earnings Behaviour in Pakistan Stock Market. Indian Economic Journal, 40(2), 56.
- Nishat, M. (1999). The Impact of Institutional Development on Stock Prices in Pakistan. ResearchSpace@ Auckland.
- Nishat, M., & Irfan, C. M. (2004). Dividend policy and stock price volatility in Pakistan. In Pide-19th annual general meeting and conference, 13-15.
- Noor Ahmmad Memon, D. N. K. (2017). Impact Of Dividend Policy on Market Price Of Shares: Evidance From Pakistan. Journal of Business Strategies, 11(2), 57-72.
- Pani, U. (2008). Dividend Policy and Stock Price Behaviour in Indian Corporate Sector: A panel data approach. Retrieved from Indian Institute of Technology: http://ssrn. com/abstract, 1216171.
- Rashid, A., & Rahman, A. A. (2008). Dividend policy and stock price volatility: evidence from Bangladesh. The Journal of Applied Business and Economics, 8(4), 71.
- Robinson, C. J. (2006). Dividend policy among publicly listed firms in Barbados. Journal of Eastern Caribbean Studies, 31(1).
- Ronald, L., John, K., Kalay, A., Loewenstein, U., & Sarig, O. (2000). Dividend policy: its impact on firm value. Financil Management Association.
- Shah, M. N. K., & Ajmera, B. C. (2019). AN IMPACT OF DIVIDEND POLICY ON STOCK PRICE OF SUN PHARMA.
- Shah, S. A., & Noreen, U. (2016). Stock price volatility and role of dividend policy: Empirical evidence from Pakistan. International Journal of Economics and Financial Issues, 6(2), 461-472.
- Soter, D., Brigham, E., & Evanson, P. (1996). The Dividend Cut
- ULLAH, S. (2009). The Effect of Dividend Policy on Stock Prices With Reference To Karachi Stock Exchange, Pakistan. International Financial Accounting, 1-16.
- Velnamby, T. (2017). An analysis of dividend policy and market value of listed manufacturing companies in sari lank.
- Waheed-Ur-Rehman, Syed Gohar Abbas & Muhammad Imran Qureshi. (2018). The Impact of Dividend Policy on Share Price Volatility in the Context of Banking Sector of Pakistan. Journal of Managerial Sciences, 3- 19.
- Walter, J. E. (1963). Dividend policy: its influence on the value of the enterprise. The journal of Finance, 18(2), 280-291.
- Zaman, F. (2007). Effect of company related news and events on its stock prices research conducted on top six companies listed at Karachi Stock Exchange. Available at SSRN 1019179.
- Zuriawati Zakaria (2012). The Impact of Dividend Policy on The Share Price Volatility: Malaysian Construction and Material Companies. International Journal of Economics and Management Sciences, 1-8.
- Ahmad, M. A., Alrjoub, A. M. S., & Alrabba, H. M. (2018). The effect of dividend policy on stock price volatility: empirical evidence from amman stock exchange. Academy of Accounting and Financial Studies Journal.
- Al-Malkawi, H.-A. N. (2008). Factors Influencing Corporate Dividend Decision: Evidence from Jordanian Panel Data. International journal of business, 13(12), 2008 ISSN: 1083−4346.
- Alayemi, S. A. (2013). Relationship between dividend payout and market price of shares (A case study of selected companies in food and beverages companies in Nigeria). indian journal of commerce and management studies, 4(1), 116.
- Ali, M. B., & Chowdhury, T. A. (2010). Effect of dividend on stock price in emerging stock market: A study on the listed private commercial banks in DSE. International journal of Economics and Finance, 2(4), 52-64.
- Allen, D. E., & Rachim, V. S. (1996). Dividend policy and stock price volatility: Australian evidence. Applied Financial Economics, 6(2), 175-188.
- Arnold, G. (2008). Corporate financial management: Pearson Education.
- Arnott, R. D., & Asness, C. S. (2003). Surprise! Higher dividends= higher earnings growth. Financial Analysts Journal, 59(1), 70-87.
- Baskin, J. (1989). Dividend policy and the volatility of common stocks. Journal of portfolio Management, 15(3), 19.
- Brennan, M. J., & Thakor, A. V. (1990). Shareholder preferences and dividend policy. The journal of Finance, 45(4), 993-1018.
- Davis, J. S. (1917). Essays in the earlier history of American corporations. Number IV: eighteenth century business corporations in the United States: Harvard University Press
- Financial Statements Analysis Companies (Non-Financial) State Bank of Pakistan. (2012-2017)
- Gordon, M. J. (1959). Dividends, earnings, and stock prices. The review of economics and statistics, 99-105.
- Gordon, M. J. (1962). The investment, financing, and valuation of the corporation: RD Irwin Homewood, IL.
- Gordon, M. J. (1963). Optimal investment and financing policy. The journal of Finance, 18(2), 264-272.
- Gujarati, D. N., & Porter, D. (2009). Basic Econometrics Mc Graw-Hill International Edition.
- Hausman, J. A. (1978). Specification tests in econometrics. Econometrica: Journal of the econometric society, 1251- 1271.
- Iftikhar, Y., & Ahmad, L. (2019). Dividend Policy and Share Price volatility: Evidence From Pakistan Stock Exchange of Listed Commercial Banks. Available at SSRN 3432199.
- Ilyas Sharif, A. A. & Farzand Ali. (2015). Effect of Dividend Policy on Stock Prices Journal of Management Info 6(1), 55-85.
- Kanwer, A. (2002). The determinants of corporate dividend policies in Pakistan: An empirical analysis. Foundation for Business and Economic Research.
- Khaled Hussainey, C. O. M., Aruoriwo M. Chijoke-Mgbame. (2010). Dividend Policy and Share Price Volatility: UK Evidence Journal of Risk Finance, 1-21.
- Khan, N. (2011). Dividend policy and the stock market reaction to dividend announcements in Pakistan. University of Dundee.
- Kinder, C. (2002). Estimating stock volatility. Available at: available at: http://finance. Yahoo. Com [Accessed 21 December 2015].
- Lintner, J. (1956). Distribution of incomes of corporations among dividends, retained earnings, and taxes. The American economic review, 46(2), 97-113.
- Lintner, J. (1964). Optimal dividends and corporate growth under uncertainty. The Quarterly Journal of Economics, 78(1), 49-95.
- Litzenberger, R. H., & Ramaswamy, K. (1979). The effect of personal taxes and dividends on capital asset prices: Theory and empirical evidence. Journal of financial economics, 7(2), 163-195.
- Masum, A. (2014). Dividend policy and its impact on stock price-A study on commercial banks listed in Dhaka stock exchange. Global Disclosure of Economics and Business, 3(1).
- Miller, M., & Modigliani, F. (1961). Dividend policy, growth, and the valuation of shares
- M Abrar-ul-haq, K. A., & Muhammad Imdad Ullah. (2015). Stock Price Volatility and Dividend Policy in Pakistan. International Journal of Scientific and Research Publications, 5(2), February 2015, 1-7.
- Nadeem Nazir, D. A. A., Dr. Hazoor Sabir. (2014). Impact of Dividend Policy on Stock Price Volatility:A Case Study of Pakistani Capital Market European Journal of Business and Management, 1-14.
- Nazir, M. S., Abdullah, M. M. N., & Nawaz, M. (2012). How dividend policy affects volatility of stock prices of financial sector firms of Pakistan. American Journal of Scientific Research, 61(61), 132-139.
- Nishat, M. Irfan. CM (2001). Dividend Policy and Stock Price Volatility in Pakistan. Paper presented at the 19th Annual General Meeting of PSDE, Pakistan Institute of Development Economics, Pakistan.
- Nishat, M. (1992). Share Prices, Dividend and Share Retained Earnings Behaviour in Pakistan Stock Market. Indian Economic Journal, 40(2), 56.
- Nishat, M. (1999). The Impact of Institutional Development on Stock Prices in Pakistan. ResearchSpace@ Auckland.
- Nishat, M., & Irfan, C. M. (2004). Dividend policy and stock price volatility in Pakistan. In Pide-19th annual general meeting and conference, 13-15.
- Noor Ahmmad Memon, D. N. K. (2017). Impact Of Dividend Policy on Market Price Of Shares: Evidance From Pakistan. Journal of Business Strategies, 11(2), 57-72.
- Pani, U. (2008). Dividend Policy and Stock Price Behaviour in Indian Corporate Sector: A panel data approach. Retrieved from Indian Institute of Technology: http://ssrn. com/abstract, 1216171.
- Rashid, A., & Rahman, A. A. (2008). Dividend policy and stock price volatility: evidence from Bangladesh. The Journal of Applied Business and Economics, 8(4), 71.
- Robinson, C. J. (2006). Dividend policy among publicly listed firms in Barbados. Journal of Eastern Caribbean Studies, 31(1).
- Ronald, L., John, K., Kalay, A., Loewenstein, U., & Sarig, O. (2000). Dividend policy: its impact on firm value. Financil Management Association.
- Shah, M. N. K., & Ajmera, B. C. (2019). AN IMPACT OF DIVIDEND POLICY ON STOCK PRICE OF SUN PHARMA.
- Shah, S. A., & Noreen, U. (2016). Stock price volatility and role of dividend policy: Empirical evidence from Pakistan. International Journal of Economics and Financial Issues, 6(2), 461-472.
- Soter, D., Brigham, E., & Evanson, P. (1996). The Dividend Cut
- ULLAH, S. (2009). The Effect of Dividend Policy on Stock Prices With Reference To Karachi Stock Exchange, Pakistan. International Financial Accounting, 1-16.
- Velnamby, T. (2017). An analysis of dividend policy and market value of listed manufacturing companies in sari lank.
- Waheed-Ur-Rehman, Syed Gohar Abbas & Muhammad Imran Qureshi. (2018). The Impact of Dividend Policy on Share Price Volatility in the Context of Banking Sector of Pakistan. Journal of Managerial Sciences, 3- 19.
- Walter, J. E. (1963). Dividend policy: its influence on the value of the enterprise. The journal of Finance, 18(2), 280-291.
- Zaman, F. (2007). Effect of company related news and events on its stock prices research conducted on top six companies listed at Karachi Stock Exchange. Available at SSRN 1019179.
- Zuriawati Zakaria (2012). The Impact of Dividend Policy on The Share Price Volatility: Malaysian Construction and Material Companies. International Journal of Economics and Management Sciences, 1-8.
Cite this article
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APA : Shah, Z., Khan, S., & Malik, M. F. (2019). The Impact of Dividend Policy on Stock Price Volatility in Pakistan. Global Regional Review, IV(I), 506-515. https://doi.org/10.31703/grr.2019(IV-I).54
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CHICAGO : Shah, Ziaullah, Shehzad Khan, and Muhammad Faizan Malik. 2019. "The Impact of Dividend Policy on Stock Price Volatility in Pakistan." Global Regional Review, IV (I): 506-515 doi: 10.31703/grr.2019(IV-I).54
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HARVARD : SHAH, Z., KHAN, S. & MALIK, M. F. 2019. The Impact of Dividend Policy on Stock Price Volatility in Pakistan. Global Regional Review, IV, 506-515.
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MHRA : Shah, Ziaullah, Shehzad Khan, and Muhammad Faizan Malik. 2019. "The Impact of Dividend Policy on Stock Price Volatility in Pakistan." Global Regional Review, IV: 506-515
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MLA : Shah, Ziaullah, Shehzad Khan, and Muhammad Faizan Malik. "The Impact of Dividend Policy on Stock Price Volatility in Pakistan." Global Regional Review, IV.I (2019): 506-515 Print.
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OXFORD : Shah, Ziaullah, Khan, Shehzad, and Malik, Muhammad Faizan (2019), "The Impact of Dividend Policy on Stock Price Volatility in Pakistan", Global Regional Review, IV (I), 506-515
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TURABIAN : Shah, Ziaullah, Shehzad Khan, and Muhammad Faizan Malik. "The Impact of Dividend Policy on Stock Price Volatility in Pakistan." Global Regional Review IV, no. I (2019): 506-515. https://doi.org/10.31703/grr.2019(IV-I).54