This paper investigates the determinants of dividend decisions of the firms listed in BSE100 index. The impact of fundamental variables like profitability, size, risk, growth and liquidity on dividend payout is examined. Statistical techniques of correlation and regression have been used to...

The arbitrage pricing theory (APT) has been proposed as an alternative to the capital asset pricing model (CAPM). This paper uses principal components analysis to estimate the factors that influence stock returns. Analysis of the Indian stock market using monthly and weekly returns for 1991-2002...