Patterns of Capital Structure and Dividend Policy in Pakistani Corporate Sector and their Impact on Organization Performance

African Journal of Business Management, Vol. 5, No. 27, pp. 11060-11067, November 2011

8 Pages Posted: 16 Aug 2012

See all articles by Ahmed Imran Hunjra

Ahmed Imran Hunjra

University of Waikato; Pir Mehr Ali Shah Arid Agriculture University Rawalpindi (PMAS)

Muhammad Bilal

affiliation not provided to SSRN

Haroon Shafi

affiliation not provided to SSRN

Ikram Ullah Khokhar

affiliation not provided to SSRN

Kashif Ur Rehman

IQRA University - Islamabad Campus

Date Written: November 9, 2011

Abstract

The purpose of this study is to determine the patterns of capital structure decisions and dividend policy as well as their level of application in Pakistani corporate sector and also to check the impact of capital structure and dividend policy on organization performance. A total of ninety one questionnaires were distributed in different companies but seventy three filled were received and sixty one were processed for the analysis. The potential respondents were finance executives and financial analysts of the companies. The study concludes that capital structure decisions are being properly practiced while dividend policy is a major concern in most of the organizations. It is also concluded that there is a significant and positive relationship between capital structure decision, dividend policy and organization performance.

Keywords: capital structure decisions, dividend policy, organization performance corporate sector, finance executives, analysts

Suggested Citation

Hunjra, Ahmed Imran and Bilal, Muhammad and Shafi, Haroon and Ullah, Ikram and Rehman, Kashif Ur, Patterns of Capital Structure and Dividend Policy in Pakistani Corporate Sector and their Impact on Organization Performance (November 9, 2011). African Journal of Business Management, Vol. 5, No. 27, pp. 11060-11067, November 2011. Available at SSRN: https://ssrn.com/abstract=2130344

Ahmed Imran Hunjra (Contact Author)

University of Waikato ( email )

Te Raupapa
Private Bag 3105
Hamilton, 3240
New Zealand

Pir Mehr Ali Shah Arid Agriculture University Rawalpindi (PMAS) ( email )

Muree Road Rawalpindi
Shamsabad, Punjab 44000
Pakistan
00923457162527 (Phone)

Muhammad Bilal

affiliation not provided to SSRN ( email )

Haroon Shafi

affiliation not provided to SSRN

Ikram Ullah

affiliation not provided to SSRN ( email )

Kashif Ur Rehman

IQRA University - Islamabad Campus ( email )

5, Khayaban-e-Johar
Islamabad, H-9
Pakistan

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