| Article Details : |
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| | | Article Name : | | | Effects of Textile Policy on Profitability and
Dividend Payout Ratio of Textile Industry in
Pakistan | | Author Name : | | | AHSAN NAWAZ SHEIKH1, Dr. DANISH AHMED SIDDIQUI | | Publisher : | | | Bridge Center | | Article URL : |  | | | Abstract : | | | As the textile industry is one of the main source of our country’s
earnings for which the substantial investment from the shareholders is
required. However, it is necessary to evaluate the effects of textile policy
to evaluate the dividend payout in order to enhance the investment in
this respective sector. On the other, if the profitability of the sector
would be higher, then ultimately firms will pay out the higher
dividends. Thus, evaluating the effects of textile policy on profitability
of the textile sector is also crucial. The objective of the study is to find
out the effects of textile policy on profitability & dividend payout ratio
of the textile sector of Pakistan. The policy implemented by government
in different tenure one is from 2009- 2014 and second is from 2015 to
till date. The study used quantitative research based yearly pool data
of 9 years taken from financial statements of listed companies of the
textile industry. Data was analyzed using multiple regression analysis.
The findings indicated that no significant impacts found on the effect
of policy change in 2015. Dividend payout ratio remained insignificant
by the measures of textile policy of the selected listed companies. Hence, there is an immense need of an improved policy for better outcomes in
the textile industry as it is a prodigious sector in the economy of
Pakistan. | | Keywords : | | | Dividend payout ratio, profitability, textile industry,
textile policy, dividend policy, determinant of dividend policy.
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