Kumar, Jayesh - In: Journal of Emerging Market Finance 5 (2006) 1, pp. 15-58
Indian corporate firms over the period 1994–2000. We explain the differences in the dividend payout behaviour of the firms … with the help of firms' financial structure, investment opportunities, dividend history, earnings trend and the ownership … its squares. We find no evidence in favour of an association between foreign ownership and dividend payout growth. …