000			01426pab a2200217 454500
008			140923b0 xxu||||| |||| 00| 0 eng d
040			_cWelingkar Institute of Management Development & Research, Mumbai _aWelingkar Institute of Management Development & Research, Mumbai
041			_aENG
082			_a _bSar/Pan
100			_aSarma J V
245			_aTheories and Determinants of Dividend Behavior
250			_a1
260			_a _bJan 2005 _c0
300			_a5-18 Pp.
490			_vII
520			_aThis paper attempts to give a brief overview of the important dividend theories and identify the factors that determine the dividend behavior in the corporate sector in India. For our analysis, we construct the optimal dividend equation in the form of exponential function. The optimal dividend function is then combined with a dynamic adjustment function to allow the partial adjustment of actual dividends to `desired' or `optimal' dividend in a given year. The empirical results show that, among the financial variables profits, capital structure, sales change and lagged dividend show significant results, whereas investment demand doesn't. This is because the estimates might be biased due to the presence of the lagged dependent variables as one of the explanatory variables.
650			_aDividends,
700			_aPanda S P
856			_uhttp://192.168.6.13/libsuite/mm_files/Articles/AR7046.pdf
906			_a20257
999			_c26981 _d26981