Business, Management and Accounting
8 years ago

Managerial and Institutional Ownership Boost Dividend Payouts in Sri Lanka.

Proceedings of International Conference on Business Management
OWNERSHIP STRUCTURE AND DIVIDEND POLICY IN SRI LANKA
A.G.C. Gunathilaka, P. S. M. Gunaratne

Paper Summary

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The study looked at how different types of owners in Sri Lankan companies affect the decision to pay dividends. They studied 101 companies from 2001 to 2005 and found that managers and big investors tend to increase dividend payouts. The relationship between past and future dividends is negative, meaning companies don't always keep paying the same amount. Also, companies might change dividends to show big investors how well they're doing. Overall, the findings suggest that in Sri Lanka, dividend decisions are influenced by the need to manage relationships with owners and signal company performance.