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人们总是很好奇公司的股利政策,因为它体现了公司的财务健康状况,吸引着投资者的注意力。关于这方面的许多决定因素先前已经有了一些研究。研究旨在探究公司股利政策和它的银行关系之间的显著联系,这是尚待解决的一个关键问题。试图解释公司-银行关系及其对客户公司的股利支付的影响。针对上述原因,收集了在卡拉奇证券交易所上市的公司2008-2013年的数据。对于银行-公司的关系,使用了两个变量:一个虚拟变量用于银行关系(1,如果银行关系的数量超过0,否则为5),第二个变量是公司与银行保持的关系的实际数。对这些变量进行回归分析,大部分变量主要作为控制变量决定股利支付。结果发现,尽管系数低,但银行-公司关系采用的两个变量在5%的显著水平上显著。政策制定者和投资者可以考虑这些关系,作为他们决策的一个重要因素。这些研究也为以后的研究提供新思路。
People are always curious about the company’s dividend policy because it reflects the company’s financial health and draws investors’ attention. There have been some previous studies on many of the determinants in this area. The purpose of the study is to explore the significant link between the company’s dividend policy and its banking relationships, which is a key issue that remains to be resolved. Trying to explain the company-bank relationship and its impact on the client company’s dividend payout. For the above reasons, the data of companies listed on the Karachi Stock Exchange for 2008-2013 are collected. For bank-company relationships, two variables are used: one for the bank relationship (1 if the number of bank relationships is over 0 and 5 otherwise) and the second is the actual number of company-bank relationships . Regression analysis of these variables, most of the variables as the main control variables determine the dividend payment. The results showed that although the coefficients were low, the two variables used in the bank-company relationship were significant at a significant level of 5%. Policymakers and investors can consider these relationships as an important factor in their decision-making. These studies also provide new ideas for future research.