Dividend Policy, Stock Price Volatility & Firm Size Moderation: Investigation of Bird in Hand Theory in Pakistan

Saima Nasir Chaudry, Sajid Iqbal, Maheen Butt


The current study hypothesized dividend policy on stock price volatility with moderating impact of firm size with respect to bird in hand theory. The study investigated manufacturing sector of Pakistan. And have found significant impact of firm size between dividend policy facets and stock price volatility. The connivance sampling technique is used for data acquisition and the period of data consists from Jan 2009 to Dec 2013. Thus, up to the bird in hand theory all hypothesis of the study are accepted and study revealed key implication with respect to historic investigations.

Keywords: Convenience Sampling, Manufacturing Sector, Pakistan, Hypothesis

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ISSN (Paper)2222-1697 ISSN (Online)2222-2847

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