scholarly journals A systematic review of investment opportunity set and dividend policy

2021 ◽  
Vol 1 (2) ◽  
pp. 89-98
Author(s):  
Hamad Raza ◽  
Syed Muhammad Ahmad Hassan Gillani ◽  
Muhammad Ishfaq ◽  
Saif ul Nazir

There are numerous factors that affects corporate dividend policy and investment opportunity set is among one of the significant factors. Investor are interested to make investments in those firms, which provide benefit and prosperity to shareholders and investors. As investors expect return on investment in the form of dividends. The present study aimed to overview the overall literature published on the relationship of investment opportunity set and dividend policy. For this purpose, articles are selected from the literature published on Scopus and Google Scholar databases. The research methodology adopted the stepwise screening procedure of the PRISMA guidelines and final 28 studies are included for the systematic literature review. After critically analyzing the selected studies, the findings suggests that investment opportunity set is a factor that significantly effect dividend policy. Moreover, the result demonstrates that the interest in the topic of investment opportunity set and its influence on dividend policy is growing. Furthermore, the trend of researchers and academicians to publish their research work is more towards journals-based articles rather than conference articles.

Author(s):  
I Wayan Agus Herawan Karang ◽  
Hermanto Hermanto ◽  
Embun Suryani

This study aims to analyze the effect of profitability and leverage on dividend policy with the investment opportunity set (IOS) as a moderating variable in manufacturing companies listed on the Bursa Efek Indonesia (BEI) from 2014 to 2018. The population in this study amounted to 158 manufacturing companies, 20 manufacturing companies were obtained by using purposive sampling technique, this type of research is associative causal. The technique used in this research is descriptive statistical analysis technique using the SPSS 24 program. The results of this study indicate that profitability has a significant positive effect on dividend policy. Leverage has no effect on dividend policy. The investment opportunity set (IOS) is unable to moderate the relationship between profitability and dividend policy. The investment opportunity set (IOS) is also unable to moderate the relationship between leverage and dividend policy


2019 ◽  
Author(s):  
Yakobus Novritwo Sigalingging ◽  
Aminar Sutra Dewi

This study aims to test empirically analysis of the effect of dividend policy andfirm size on corporate leverage with investment opportunity set as a moderation variable.Hypothesis testing in this study using Moderated Regression Analysis (MRA). The sampleis done by using purposive sampling method. The data used are secondary data in theform of financial statement data from the retail industry sub-sector (retail trade) from2014-2016. Statistical methods used multiple linear regression analysis using ModeratedRegression Analysis (MRA) testing, classical assumption, and hypothesis. The results ofthis study indicate that dividend policy has a negative and insignificant effect onleverage, firm size has a positive and significant impact on corporate leverage. Whileusing Moderated Regression Analysis (MRA) indicates that the Investment Opportunity Set(IOS) does not affect the relationship between dividend policy and corporate leverageand Investment Opportunity Set (IOS) also does not affect the relationship betweencompany size and company leverage


2019 ◽  
Vol 1 (2) ◽  
pp. 96-116
Author(s):  
Ni Luh Gede Intan Sri Devi ◽  
Ni Ketut Muliati

The company's dividend policy has an important influence on many parties involved in the community. For shareholders or investors, cash dividends are the rate of return on their investment with share ownership issued by the company, but management, cash dividends are cash outflows that reduce the company's cash. The purpose of this study was to determine the effect of profitability, investment opportunity set on cash dividend policy and to determine the effect of liquidity as a moderating variable between profitability and investment opportunity set against cash dividend policy.This research was conducted at a banking company registered on the Stock Exchange with a 5-year observation period, namely from 2011-2015. Data analysis techniques use moderated regression analysis (MRA). The results showed that Profitability and Investment opportunity set had an effect on the cash dividend policy. Liquidity can moderate the relationship between Profitability and Investment opportunity set against world dividend policy.


2013 ◽  
Vol 1 (1) ◽  
pp. 54-71
Author(s):  
Farida Titik Kristanti ◽  
Fitrianingsih Fitrianingsih

Dividend policy is profits which will be distributed to shareholders as dividends and/or retained earnings that will be retained as financing for investments in the future. There are many factors that influenced dividen policy, such as, profitability,  cash flow, price earning ratio, leverage, inventory turnover, etc. This study aimed to determine the influence of profitability and the investment opportunity set to the cash dividend policy with liquidity as a moderating variabel. The object of the research is emiten of Kompas 100 that listed on the Indonesian Stock Exchange in 2008-2012 period. The selection of the sample using Purposive sampling method that samples were obtained by 10 companies. Analytical methods used to test the hypothesis is Moderated Regression Analysis (MRA).Results of this study showed that the profitability and the investment opportunity set simultaneously significant effect on dividend policy with liquidity as a moderating  variable. Regression coefficient indicates that 25.6% of the independent variables explain the dependent variable, the remaining 74.4% is explained by other variables. Partially profitability have no significant effect to the dividend policy with the positive direction, while investment opportunity set have significant influence to the cash dividen policy with a negative direction. The Liquidity able to moderate the relationship of profitability to the cash dividend policy with a negative direction, while the investment opportunit set can be moderated by liquidity to the dividend policy with a positive direction. Keyword : Dividend Policy, Liquidity, Profitability, and Set Investment Opportunities


2019 ◽  
pp. 121-143
Author(s):  
Riccardo Resciniti ◽  
Federica De Vanna

The rise of e-commerce has brought considerable changes to the relationship between firms and consumers, especially within international business. Hence, understanding the use of such means for entering foreign markets has become critical for companies. However, the research on this issue is new and so it is important to evaluate what has been studied in the past. In this study, we conduct a systematic review of e-commerce and internationalisation studies to explicate how firms use e-commerce to enter new markets and to export. The studies are classified by theories and methods used in the literature. Moreover, we draw upon the internationalisation decision process (antecedents-modalities-consequences) to propose an integrative framework for understanding the role of e-commerce in internationalisation


1970 ◽  
Vol 5 (3) ◽  
pp. 80-96
Author(s):  
Mayara Motta Melo ◽  
Clarissa Santos de Carvalho Ribeiro

RESUMOA incidência do câncer de pele vem aumentando a cada ano. Sabe-se que entre outros fatores, a radiação solar é a principal responsável pelo desenvolvimento dessa patologia. A prevenção, feita através da fotoproteção, teria grande impacto nesse cenário. No entanto, as orientações sobre como se proteger dos malefícios do sol devem ser coerentes com a incidência solar da região, os hábitos da população e o fototipo da pele. Os conceitos sobre fotoproteção foram definidos por entidades européias e norte americanas e não devem ser reproduzidos para o Brasil de forma aleatória, pois a incidência solar no Brasil é muito maior, a população tem fototipos diferentes e o hábito de se expor ao sol é muito mais frequente. Portanto, faz-se necessário elaborar conceitos próprios para o Brasil e conscientizar a população sobre os perigos da radiação solar para que a incidência do câncer de pele reduza definitivamente. Essa revisão visa mostrar a relação da radiação solar no Brasil com a pele dos brasileiros e evidenciar a importância da fotoproteção para essa população. Para isso foi feito um levantamento de artigos originais, revisões de literatura, consensos brasileiros e internacionais e livros de dermatologia.Palavras-chave: Fotoproteção, Câncer de pele, Exposição solar, Radiação ultravioleta, Vitamina D. ABSTRACTThe incidence of skin cancer is increasing every year. It is known that among other factors, solar radiation is the main responsible for the development of this pathology. Prevention, made by photoprotection, would have great impact in this scenario. However, the guidelines on how to protect themselves from the sun's harmful effects should be consistent with the sunlight of the region, the habits of the population and the phototype skin. The concepts of photoprotection were defined by European and North American entities and should not be played for Brazil at random, as the solar incidence in Brazil is much higher, people have different skin types and the habit of sun exposure is much more frequent. Therefore, it is necessary to draw up own concepts for Brazil and raise awareness about the dangers of solar radiation, so that the incidence of skin cancer can be definitely reduced. This review aims to show the relationship of solar radiation in Brazil with the skin of Brazilian and to highlight the importance of sun protection for this population. With this purpose, it was  made a survey of original articles, literature reviews , Brazilian and international consensus and dermatology books.Keywords: Photoprotection, Skin cancer, Sun exposure, Ultraviolet radiation, D vitamin.


2021 ◽  
Vol 26 (3) ◽  
pp. 34-39
Author(s):  
Z. A. Goncharova ◽  
Y. Y. Pogrebnova ◽  
N. M. Yarosh ◽  
S. M.M. Sehweil

The article presents the literature review and our experience in early diagnosis of multiple sclerosis based on the updated McDonald criteria of 2017. The study included 256 patients with clinic symptoms of probable idiopathic infl ammatory demyelinating disease, including rare and atypical forms of demyelination. As a result of the study the sensitivity and specifi city of the determination of oligoclonal immunoglobulin G in the population of Rostov-on-Don was described for the fi rst time, including dependence of the duration of the disease. The relationship of clinical and MRI features of the fi rst attack of the disease with the probability of determining oligoclonal IgG in the cerebrospinal fl uid is refl ected


2018 ◽  
Vol 12 (3) ◽  
pp. 220-232 ◽  
Author(s):  
Elizabeth Karol ◽  
Dianne Smith

Aim:The objective of this article is to identify and analyze what is known about characteristics in and around the home that support well-being for those with cognitive impairment. This could provide direction for designers of homes in general, but specifically for designers trying to meet the needs of people with cognitive impairment.Background:It has been established that there is a relationship between psychological well-being and a person’s environment. Research also shows that particular design aspects can reduce the impact of cognitive impairment. However, there is limited design expertise in the Australian housing market to create supportive spaces which will help to reduce the impact of the disability for those with cognitive impairment.Method:A literature review was carried out to determine the extent and details of what is known about the relationship of home design and its impact on emotional, psychological, or social well-being for people with cognitive impairment.Conclusions:The study indicates that researchers in various disciplines understand that pragmatic design inputs such as thermal comfort and adequate lighting are important for people with cognitive impairment. In addition, some researchers have shown or surmise that there are other “intangible” designer-controlled elements that have beneficial impacts on people with cognitive impairment. Details of these intangible elements are sparse, and how much they might improve the quality of life for a person with cognitive impairment is not well understood. Further research is required to meet a growing need.


Sign in / Sign up

Export Citation Format

Share Document