%0 Journal Article
%T Tax Shield and Its Impact on Corporate Dividend Policy: Evidence from Pakistani Stock Market
%A Akhlaq ul Hassan
%A Mubashar Tanveer
%A Muhammad Siddique
%A Muhammad Mudasar
%J iBusiness
%P 184-188
%@ 2150-4083
%D 2013
%I Scientific Research Publishing
%R 10.4236/ib.2013.54023
%X <p class=\"MsoNormal\">
	<span lang=\"EN-US\" style=\"font-family:Verdana;\">The problem</span><span lang=\"EN-US\" style=\"font-family:Verdana;\">:</span><span lang=\"EN-US\" style=\"font-family:Verdana;\"> what is the taxation impact on
dividend policy</span><span lang=\"EN-US\" style=\"font-family:Verdana;\">?</span><span lang=\"EN-US\" style=\"font-family:Verdana;\"> While
much optimal taxation research focuses on </span><span lang=\"EN-US\" style=\"font-family:Verdana;\">the </span><span lang=\"EN-US\" style=\"font-family:Verdana;\">economic effects of taxation,</span><span lang=\"EN-US\"> </span><span lang=\"EN-US\" style=\"font-family:Verdana;\">the purpose of this study is to add a
new dimension by investigating the relationship between taxation and payout
ratio and </span><span lang=\"EN-US\" style=\"font-family:Verdana;\">some</span><span lang=\"EN-US\" style=\"font-family:Verdana;\"> other
variables of dividend policy. These relations are tested using the data from
financial statements of KSE listed companies. The results show that tax shield
has no significant relation to the dividend payout ratio but mostly dividend
policy is due </span><span lang=\"EN-US\" style=\"font-family:Verdana;\">to </span><span lang=\"EN-US\" style=\"font-family:Verdana;\">the
size of the firm and its profitability.</span><span lang=\"EN-US\"><o:p></o:p></span>
</p>
%K Dividend Policy
%K Tax Shield
%K Determinant¡¯s of Dividends
%U http://www.scirp.org/journal/PaperInformation.aspx?PaperID=41307