Drivers of Firm's Payout Policy

Abstract

Against the backdrop of changing financial landscape and growing investors' awareness, dividend decisions are gaining greater relevance in the today's corporate world. In this working paper the researchers aim at exploring different variables which influence the dividend policy of the firms. It focuses on various financial, behavioral, legal and strategic drivers of payouts based on the review of the secondary data available in the public domain. The study revealed that dividend policy of the firm is a combined output of the aforementioned variables.