Collection Title:	SIU IS
Title :	Dividend Policy and its impact on Stock Price: An Empirical Study Evidence from Nepalese Commercial Banks
Material Type:	printed text
Authors:	Chanchai Bunchapattanasakda, Author ; Yogesh Ranjit, Associated Name ; Opas Piansoongnern, Associated Name
Publisher:	Bangkok: Shinawatra University
Publication Date:	2016
Pagination:	viii, 63 p.
Layout:	ill, Tables
Size:	30 cm.
Price:	500.00
General note:	SIU IS: SOM-MBA-2016-N13 IS [MS. [MBA]] -- Shinawatra University, 2016
Languages :	English (eng)
Descriptors:	[LCSH]Banks and banking -- Nepal
Keywords:	Market Price per Share, Earning Price Per Share, Dividend Per Share, Price Earnings ratio
Abstract:	This study examines the impact of Dividend Policy and its impact on Stock Price: An Empirical study Evidence form Nepalese Commercial Banks. The market price per share, earning price per share, dividend payout ratio and price earnings ratio were chosen as both dependent variable and independent variable. The data were collected form the Banking and Financial Statistics and Supervision Report published by Nepal Rastra Bank, and annual reports of selected banks. The regression models were estimated to test the relation between dependent and independent variables of respective banks. The result shows that there is high degree positive relationship between DPS and EPS in most of the banks as they are statistically significant. Relationship between DPS and MPS is found to be high degree positive in most of banks as they are statistically significant also. While comparing the impact of EPS and lagged DPS on dividend, it is found out that there higher role of EPS change to the DPS as compared to lagged dividend. The dividend per share of Nepalese commercial bank is depending on current earnings. The banks are following earning based dividend policy. This study investigates empirically the effect of dividend policy and investment decision on financing decision. To obtain the objectives, the data required, ranging from 2010/11-2014/15 were collected from the financial statements of all the banking firms listed in Nepal Stock exchange. Investment opportunity and actual investment were used as proxies of investment decision. Multiple regression models were used to estimate the variables of interest. It was concluded that investment opportunity had significant effect on financing decision; however, the effects had no particular pattern. Furthermore, actual investment and dividend policy had no impact on financing decision Dividend announcement by a company is a signal to shareholders. Basically, managers and shareholders have different information, where managers have more complete information than shareholders. The shareholders will interpret the increase in dividend payments by the company, as the signal that management has a high cash flow forecast future Conversely, the decline in dividend payments interpreted as anticipation manager of the limited cash flow in the future.
Curricular :	BBA/MBA
Record link:	http://libsearch.siu.ac.th/siu/opac_css/index.php?lvl=notice_display&id=26920

SIU IS. Dividend Policy and its impact on Stock Price: An Empirical Study Evidence from Nepalese Commercial Banks [printed text] / Chanchai Bunchapattanasakda, Author ; Yogesh Ranjit, Associated Name ; Opas Piansoongnern, Associated Name . - [S.l.] : Bangkok: Shinawatra University, 2016 . - viii, 63 p. : ill, Tables ; 30 cm.
500.00
SIU IS: SOM-MBA-2016-N13
IS [MS. [MBA]] -- Shinawatra University, 2016
Languages : English (eng)

Descriptors:	[LCSH]Banks and banking -- Nepal
Keywords:	Market Price per Share, Earning Price Per Share, Dividend Per Share, Price Earnings ratio
Abstract:	This study examines the impact of Dividend Policy and its impact on Stock Price: An Empirical study Evidence form Nepalese Commercial Banks. The market price per share, earning price per share, dividend payout ratio and price earnings ratio were chosen as both dependent variable and independent variable. The data were collected form the Banking and Financial Statistics and Supervision Report published by Nepal Rastra Bank, and annual reports of selected banks. The regression models were estimated to test the relation between dependent and independent variables of respective banks. The result shows that there is high degree positive relationship between DPS and EPS in most of the banks as they are statistically significant. Relationship between DPS and MPS is found to be high degree positive in most of banks as they are statistically significant also. While comparing the impact of EPS and lagged DPS on dividend, it is found out that there higher role of EPS change to the DPS as compared to lagged dividend. The dividend per share of Nepalese commercial bank is depending on current earnings. The banks are following earning based dividend policy. This study investigates empirically the effect of dividend policy and investment decision on financing decision. To obtain the objectives, the data required, ranging from 2010/11-2014/15 were collected from the financial statements of all the banking firms listed in Nepal Stock exchange. Investment opportunity and actual investment were used as proxies of investment decision. Multiple regression models were used to estimate the variables of interest. It was concluded that investment opportunity had significant effect on financing decision; however, the effects had no particular pattern. Furthermore, actual investment and dividend policy had no impact on financing decision Dividend announcement by a company is a signal to shareholders. Basically, managers and shareholders have different information, where managers have more complete information than shareholders. The shareholders will interpret the increase in dividend payments by the company, as the signal that management has a high cash flow forecast future Conversely, the decline in dividend payments interpreted as anticipation manager of the limited cash flow in the future.
Curricular :	BBA/MBA
Record link:	http://libsearch.siu.ac.th/siu/opac_css/index.php?lvl=notice_display&id=26920