This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
When an article is published in this journal, the Journal retains the copyright. Author(s) may republish the article as part of a book or other materials. A copyright statement is displayed on the full-text PDF of each article.
This policy describes guidelines in the publication process of our journals. Specifically, Journal Issues adopts and strives to adhere to the following standards and requirements: COPE – Committee on Publication Ethics.
An author is an individual who has significantly contributed to the development of a manuscript. The WJR recommends that authorship be based on the following four criteria:
- Substantial contributions to the conception or design of the work; or the acquisition, analysis, or interpretation of data for the work; and
b. Drafting the work or revising it critically for important intellectual content, and
c. Final approval of the version to be published; and
d. Agreement to be accountable for all aspects of the work in ensuring that questions related to the accuracy or integrity of any part of the work are appropriately investigated and resolved.
Individuals who participated in the development of a manuscript but do not qualify as an author should be acknowledged. Organizations that provided support in terms of funding and/or other resources should also be acknowledged.
Changes in authorship
Whenever there is a need to make changes in the authorship of a manuscript or a published article, the changes will be implemented according to COPE specification. Only corresponding authors can make a request for a change in authorship. The request should be made to the editor using the Changes in Authorship Form or via e-mail from the corresponding author's email address.
Submission of Manuscript
Authors should read the “Authors Guidelines” on the journal’s page before making a submission. The manuscript should be prepared according to the style and specifications of the journal’s policy. The authors listed on the manuscript should have met the requirements for Authorship specified above. Where possible, specify the contribution of each of the authors.
All authors should approve the final version of the manuscript prior to submission. Once a manuscript is submitted, it is therefore assumed that all authors have read and given their approval for the submission of the manuscript. Contact information of all authors should be stated in the manuscript. Surname/Other names, affiliation, emails, and phone/fax numbers.
Declaration of Conflicts of Interest should be stated in the manuscript.
Conflict of interest
“Conflict of interest (COI) exists when there is a divergence between an individual’s private interests (competing interests) and his or her responsibilities to scientific and publishing activities such that a reasonable observer might wonder if the individual’s behavior or judgment was motivated by considerations of his or her competing interests” WAME4.
The authors should disclose all financial/relevant interests that may have influenced the development of the manuscript.
The Leverage and Dividend policy affect the Profitability: Evidence from Pakistan Cement Sector
Corresponding Author(s) : Jahanzaib Alvi
WORLDWIDE JOURNAL OF RESEARCH,
Vol. 1 No. 3 (2020): Volume 1 Number 3
The purpose of this research is to find out the impact of dividend payout ratio (Dividend per share and Dividend payout ratio) and the leverage ratio (debt-equity and debt-assets) on profitability of the listed cement companies in Pakistan Stock Exchange. The sample is taken from 10 cement companies which are listed on Pakistan stock exchange, The secondary data is taken from 2011 to 2019 (i.e. 9 years). Autoregressive Distributed Lag (ADL) Model was applied to extract logically findings, further mean and standard deviation of all ratios and Pearson product correlation analysis is performed with the help of Eviews10. This research determines that profitability depends on leverage ratio and dividend payout ratios the results reveals that Earning per share has significant impact on dividend payout ratio and net profit margin has negative significant impact on Leverage ratio (debt-equity only) other than that there is no impact of profitability on the leverage ratio and profitability ratio.
Download CitationEndnote/Zotero/Mendeley (RIS)
- ADIMASU, N. A. J. F. & ACCOUNTING 2019. Dividend Policy and Firm’s Profitability: Evidence from Ethiopian Private Insurance Companies. 7, 116-121.
- AKANI, H. W., SWENEME, Y. J. J. O. F. & ACCOUNTING 2016. Dividend policy and the profitability of selected quoted manufacturing firms in Nigeria: An empirical analysis. 4, 212-224.
- CHAVALI, K., ROSARIO, S. J. A. O. A. & JOURNAL, F. S. 2018. Relationship between Capital Structure and Profitability: A Study of Non Banking Finance Companies in India. 22, 1-8.
- GILL, A., BIGER, N. & MATHUR, N. J. I. J. O. M. 2011. The effect of capital structure on profitability: Evidence from the United States. 28, 3.
- MALOMBE, G. M. J. U. M. P. U. O. N. 2011. The effects of dividend policy on profitability of SACCOs with FOSAs in Kenya.
- MARANDU, K. R., SIBINDI, A. B. J. C. O. & CONTROL 2016. Capital structure and profitability: An empirical study of South African banks. 14, 8-19.
- MATHUR, V., PANDEY, A. & ROY, A. J. O. R. F. 2017. Mobilising Private Capital for Green Energy in India. 14.
- NAZIR, A., ALVI, J. & REHAN, M. Stock Price Anomalies in Contrast to Stock Performance Predictors–A Comprehensive Study of Cement Industry in Pakistan.
- REHAN, M., ALVI, J. & KHATRI, S. 2019. The Role of Capital Structure on Firm’s Profitability of Listed Cement Sector in Pakistan Stock Exchange.
- SINGH, N. P. & BAGGA, M. J. J. J. O. B. R. 2019. The effect of capital structure on profitability: An empirical panel data study. 8, 65-77.
- THAFANI, A., ABDULLAH, M. J. A. I. E. & MANAGEMENT, B. 2014. Impact of dividend payout on corporate profitability: evident from Colombo stock exchange. 1, 27-33.