Relationship between orthodox finance and dividend policy: a literature review

Research output: Contribution to journalArticlepeer-review


This paper concentrates on the relationship between orthodox (corporate) finance and dividend policy. More specifically, the paper examines the relationship between different dividend policy theories and dividend policy. This paper also investigates the association between different corporate finance elements and dividend policy. The primary purpose of this paper is to put some light on the dividend literature, which means how dividend literature developed over the year. However still, the dividend policy is a puzzle for researchers. From the previous literature survey, we can see that after so much constrictive research, researchers still did not reach any conclusion. This paper provides details about previous literature reviews in the area of dividend policy.
Original languageEnglish
Pages (from-to)13-40
Number of pages28
JournalIndian-Pacific Journal of Accounting and Finance
Issue number1
Publication statusPublished - Jun 2021
Externally publishedYes


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