A Impact of Firm’s Internal Factors on Payout Policy: Evidence from Manufacturing Companies in Pakistan

Authors

  • Ahsan ul Haq Shaikh Shaikh University of Sindh, Jamshoro, Sindh, Pakistan
  • Ali Raza Ph.D. Scholar, Department of Banking & Finance, Near East University, North Cyprus, Mersin 10, Turkey.
  • Aleem Mustafa Vighio BBA Candidate, Department of Business Administration, MBBS University of Sindh Campus Dadu, Sindh, Pakistan
  • Saddam Ali Balal Teaching Assistant, Department of Business Administration, MBBS University of Sindh Campus Dadu, Sindh
  • Hina Shaikh MBA-Honors Scholar, Institute of Business Administration, University of Sindh, Jamshoro, Pakistan

DOI:

https://doi.org/10.58661/ijsse.v3i1.69

Keywords:

Payout Policy, Collateral Level, Firm Solvency, Firm Efficiency, Growth in Net Assets, Profitability, Capital Mixture

Abstract

The main motive of this research is to explore the link between the internal factors of the firms which affect the payout policy. The study conducted on a comparative basis, where it is identified the dependent variable an event or fact and internal factors which affect the payout policy are considered as predictor variables namely, Collateral Level, Firms profitability, Efficiency of the Firms, Net assets growth, Firm Solvency, and Capital mixture. This study utilized secondary data and obtained data from four listed manufacturing companies in Pakistan from 2010 to 2021. There is a negative significant link between Collateral Level, Leverage, and payout policy. Growth in net assets, current ratio, and return on assets negatively linked to the payout policy link are non-significant. Efficiency shows a positive significant link with the Payout Policy. And Inventory turnover ratio has non-significant positive impacts on payout policy.

Author Biographies

Ali Raza, Ph.D. Scholar, Department of Banking & Finance, Near East University, North Cyprus, Mersin 10, Turkey.

 

 

Aleem Mustafa Vighio, BBA Candidate, Department of Business Administration, MBBS University of Sindh Campus Dadu, Sindh, Pakistan

 

 

Saddam Ali Balal, Teaching Assistant, Department of Business Administration, MBBS University of Sindh Campus Dadu, Sindh

 

 

Hina Shaikh, MBA-Honors Scholar, Institute of Business Administration, University of Sindh, Jamshoro, Pakistan

 

 

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Published

2023-01-30

How to Cite

Shaikh, A. ul H. S., Ali Raza, Aleem Mustafa Vighio, Balal, S. A., & Hina Shaikh. (2023). A Impact of Firm’s Internal Factors on Payout Policy: Evidence from Manufacturing Companies in Pakistan. International Journal of Social Science & Entrepreneurship, 3(1), 46–61. https://doi.org/10.58661/ijsse.v3i1.69

Issue

Vol. 3 No. 1 (2023): International journal of Social Science and Entrepreneurship (IJSSE)

Section

Articles