TAILIEUCHUNG - Determinants of stock price volatility: Evidence from cement industry

This paper presents a survey on the effect of corporate dividend payout policy on stock price volatility. The primary objective of this study is to examine the impact of dividend payout ratio on the stock price volatility in Pakistan Stock Exchange. | Determinants of stock price volatility Evidence from cement industry Accounting 5 2019 145 152 Contents lists available at GrowingScience Accounting homepage ac Determinants of stock price volatility Evidence from cement industry Arshad Mehmooda Muhammad Hafeez Ullahb and Najam Ul sabeehc aUniversity of Sargodha Sargodha Pakistan b Riphah international university Islamabad Pakistan c International Islamic Universitty Islamabad Pakistan CHRONICLE ABSTRACT Article history This paper presents a survey on the effect of corporate dividend payout policy on stock price Received November 11 2018 volatility. The primary objective of this study is to examine the impact of dividend payout ratio Received in revised format on the stock price volatility in Pakistan Stock Exchange. A sample of 15 firms from PSX is February 12 2019 considered and the study covers the historical data over the period 2011-2015. Stock Price Accepted February 22 2019 Available online volatility is the dependent variable in this study and dividend payout ratio is the main independent February 22 2019 variable. For this purpose some other independent variables are also included such as Earnings Keywords Volatility Size of the firm Leverage and Assets Growth. The study has determined a positive Stock price volatility relationship between stock price volatility and dividend payout ratio. In addition our results Dividend payout ratio show that earnings volatility and leverage had negative relationship with stock price volatility. Pakistan Stock Exchange Other independent variables including assets growth and size have maintained positive PSX relationship with stock price volatility. 2019 by the authors licensee Growing Science Canada 1. Introduction Stock price volatility PV has always been a concern among researchers for stock price prediction Nishat amp Irfan 2004 Zakaria et al. 2012 Suliman et al. 2013 . It is a universal fact in the stock market and PV results .

• Kế toán - Kiểm toán
• Corporate dividend payout policy
• Stock price volatility
• Dividend payout ratio
• Pakistan Stock Exchange
• Leverage and Assets Growth
• Investment opportunity set
• Corporate finance
• Emerging markets
• Dividend payout policy
• Industrial products sector of Malaysia