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Determinants of dividend payout of commercial banks in Nepal / Maushmi Vaidhya
Title : Determinants of dividend payout of commercial banks in Nepal Material Type: printed text Authors: Maushmi Vaidhya, Author Publication Date: 2013 Pagination: 117p. Size: GRP/Thesis Accompanying material: 1/B General note: Including bibliography Languages : English Descriptors: Banks
Banks and banking
Capital market
Commercial banks
Dividend policy
Dividends
Maushmi Vaidhya
PayoutsKeywords: 'dividends dividend policy payouts commercial banks banks Nepal management capital market' Class number: 332.632 Abstract: Despite of several empirical evidences, the dividend policy issues are still puzzling and unresolved. Identification of the factors shaping the dividend payouts decisions is crucial for the corporate managers and it is even more crucial in banking sector especially in case of Nepal because most of the investors in the capital market invest in the shares of the banks. So, the empirical relationship between the dividend payouts and its determinants are stated as the research questions followed by the development of the hypotheses. The major objective of this study is to analyze the factors affecting the dividend payout decisions of the commercial bank along with the examination of empirical relationship between them.
The review of literatures has shown relationship between various factors such as net profit, size of the firm, ownership structure, tax structure, lag dividends, cash flows, market to book value ratio, leverage ratio, investment opportunities etc. as and the dividend payouts in case of both developed and emerging countries. In addition, net profit, cash flows, leverage ratio, ownership structure, taxes are some of the variables that are found to have significant association with dividend payouts in various context. Based on the reviews, this study has proposed the conceptual framework identifying net profit, cash flows, market to book ratio, size, debt to equity ratio, number of major shareholders and slack as the most important factors affecting the dividend payout ratio of the commercial banks in Nepal.
For the purpose of study 18 listed commercial banks dividend into two strata is taken as sample and required data such as dividend payout ratios and other independent variables are collected from various secondary sources for period of 8 years i.e. 2005 to 2012. Stratified sampling method is used to select the sample commercial banks. Primary questionnaire survey is also conducted in order to assess the opinions of bank’s manager on dividend issues. Multiple regression analysis and correlation analysis are used to examine the connection between the dividend payout ratios and the determinants of the dividends. Likewise, portfolio sorted on one way sorts of seven independent variables is also employed to see if the relationship shown by regression and correlation analysis really exists.
The results of secondary data analysis shows that net profit, cash flows and size of the banks have strong and significant positive impact on dividend payouts while number of major shareholders significantly affects the dividend payout ratio in negative manner. Likewise, market to book value ratio is negligible in explaining dividends; however, these variables have significant positive impact. In contrast, the study documents that leverage ratio and the slack as insignificant in explaining the variations in dividend payout ratios of commercial banks. In line with the findings of the secondary data, the primary survey reveals net profit and the cash flows as the most important determinants of the dividend payout ratios followed by the number of major shareholders and the size of the banks.
The major limitations of this study lies in the fact that this study has excluded some firm specific and macro economic variables that might have influence on dividends. Despite the limitations, the findings may have significant degree of implications for both investors and the bank’s management. So, both groups of these stakeholders are recommended to take account of the determinants identified by this study and their relationship with dividend payout ratios. There is wide scope for future studies in same topic. Future studies can increases the sample size including different class of financial institutions to make the results applicable for the entire banking industry of Nepal.
Determinants of dividend payout of commercial banks in Nepal [printed text] / Maushmi Vaidhya, Author . - 2013 . - 117p. ; GRP/Thesis + 1/B.
Including bibliography
Languages : English
Descriptors: Banks
Banks and banking
Capital market
Commercial banks
Dividend policy
Dividends
Maushmi Vaidhya
PayoutsKeywords: 'dividends dividend policy payouts commercial banks banks Nepal management capital market' Class number: 332.632 Abstract: Despite of several empirical evidences, the dividend policy issues are still puzzling and unresolved. Identification of the factors shaping the dividend payouts decisions is crucial for the corporate managers and it is even more crucial in banking sector especially in case of Nepal because most of the investors in the capital market invest in the shares of the banks. So, the empirical relationship between the dividend payouts and its determinants are stated as the research questions followed by the development of the hypotheses. The major objective of this study is to analyze the factors affecting the dividend payout decisions of the commercial bank along with the examination of empirical relationship between them.
The review of literatures has shown relationship between various factors such as net profit, size of the firm, ownership structure, tax structure, lag dividends, cash flows, market to book value ratio, leverage ratio, investment opportunities etc. as and the dividend payouts in case of both developed and emerging countries. In addition, net profit, cash flows, leverage ratio, ownership structure, taxes are some of the variables that are found to have significant association with dividend payouts in various context. Based on the reviews, this study has proposed the conceptual framework identifying net profit, cash flows, market to book ratio, size, debt to equity ratio, number of major shareholders and slack as the most important factors affecting the dividend payout ratio of the commercial banks in Nepal.
For the purpose of study 18 listed commercial banks dividend into two strata is taken as sample and required data such as dividend payout ratios and other independent variables are collected from various secondary sources for period of 8 years i.e. 2005 to 2012. Stratified sampling method is used to select the sample commercial banks. Primary questionnaire survey is also conducted in order to assess the opinions of bank’s manager on dividend issues. Multiple regression analysis and correlation analysis are used to examine the connection between the dividend payout ratios and the determinants of the dividends. Likewise, portfolio sorted on one way sorts of seven independent variables is also employed to see if the relationship shown by regression and correlation analysis really exists.
The results of secondary data analysis shows that net profit, cash flows and size of the banks have strong and significant positive impact on dividend payouts while number of major shareholders significantly affects the dividend payout ratio in negative manner. Likewise, market to book value ratio is negligible in explaining dividends; however, these variables have significant positive impact. In contrast, the study documents that leverage ratio and the slack as insignificant in explaining the variations in dividend payout ratios of commercial banks. In line with the findings of the secondary data, the primary survey reveals net profit and the cash flows as the most important determinants of the dividend payout ratios followed by the number of major shareholders and the size of the banks.
The major limitations of this study lies in the fact that this study has excluded some firm specific and macro economic variables that might have influence on dividends. Despite the limitations, the findings may have significant degree of implications for both investors and the bank’s management. So, both groups of these stakeholders are recommended to take account of the determinants identified by this study and their relationship with dividend payout ratios. There is wide scope for future studies in same topic. Future studies can increases the sample size including different class of financial institutions to make the results applicable for the entire banking industry of Nepal.
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Barcode Call number Media type Location Section Status 3/D 332.632 VAI Thesis/Dissertation Uniglobe Library Social Sciences Not for loan Determinants of liquidity of Nepalese commercial banks / Sristi Shrestha
Title : Determinants of liquidity of Nepalese commercial banks Material Type: printed text Authors: Sristi Shrestha, Author Publication Date: 2014 Pagination: 86p. Size: GRP/Thesis Accompanying material: 2/B General note: Including bibilography Languages : English Descriptors: Banks
Banks and banking
Commercial banks
Liquidity (Economics)
NepalKeywords: 'liquidity economics nepal commercial banks banks' Class number: 332.632 Determinants of liquidity of Nepalese commercial banks [printed text] / Sristi Shrestha, Author . - 2014 . - 86p. ; GRP/Thesis + 2/B.
Including bibilography
Languages : English
Descriptors: Banks
Banks and banking
Commercial banks
Liquidity (Economics)
NepalKeywords: 'liquidity economics nepal commercial banks banks' Class number: 332.632 Hold
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Barcode Call number Media type Location Section Status 66/D 332.632 SHR Thesis/Dissertation Uniglobe Library Social Sciences Available Determinants of net interest margin and its impacts on Nepalese commercial banks / Yamuna Adhikari
Title : Determinants of net interest margin and its impacts on Nepalese commercial banks Material Type: printed text Authors: Yamuna Adhikari, Author Publication Date: 2014 Pagination: 86p. Size: GRP/Thesis Accompanying material: 2/B Languages : English Descriptors: Banks
Banks and banking
Commercial banks
Economic development
Interest
Market structureKeywords: 'Banks determinants net interest margin commercial banks economic development interest market structure' Class number: 330 Determinants of net interest margin and its impacts on Nepalese commercial banks [printed text] / Yamuna Adhikari, Author . - 2014 . - 86p. ; GRP/Thesis + 2/B.
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Barcode Call number Media type Location Section Status 37/D 330 ADH Thesis/Dissertation Uniglobe Library Social Sciences Available Determinants of non-performing loan in Nepalese commercial banks / Seema Bhattari
Title : Determinants of non-performing loan in Nepalese commercial banks Material Type: printed text Authors: Seema Bhattari, Author Publication Date: 2013 Pagination: 113p. Size: GRP/Thesis Accompanying material: 2/B General note: Including bibliography
Languages : English Descriptors: Bank loans
Banks
Banks and banking
Commercial banks
Loans
Nepal
Non-performing loan
Seema BhattaraiKeywords: 'bank loans banks banks and banking commercial banks nepal loans seema bhattarai non-performing' Class number: 332.175 Abstract: The non-performing loans (NPL) of financial institutions are considered as a significant issue in the context of Nepal for last few decades. The immediate consequence of large amount of NPLs in the banking system is bank failure. Non-performing loans are one of the main reasons that cause insolvency of the financial institutions and ultimately hurt the whole economy. Studies show that the failure of banks in Nepal was also the result of the high non-performing assets due to and the result of lending without differentiating markets, products and borrowers’ credit worthiness and excessive loan exposure to real estate. However, there is not any study regarding the factors affecting non-performing loan in Nepal. Finding the factors affecting NPL covering both micro (banks specific) and macroeconomic variables may help to reduce the NPL and improve the profitability of each commercial banks and may also help for improvement of the economy as a whole.
In this context the study aims to identify the impact of macroeconomic variables (GDP, Inflation, and Real Effective Exchange Rate) and bank specific variables (size, change in loan, real lending rate of interest, and share of loan to total assets) on the non-performing loan of the commercial banks in Nepal. It further aims to identify the perception of bankers regarding the impact of bank specific variables and macroeconomic variables on non-performing loan in Nepalese Commercial Banks.
The study is conducted with primary as well as secondary sources. The secondary data are collected for 26 commercial banks covering the period of 2002-2012 with 227 observations. The primary data are collected from 140 bankers of ten top commercial banks of Nepal. It followed both qualitative and quantitative approach to analyze the findings of the study.
It is found that the government owned banks have the highest non-performing loan in all the years while the standard chartered bank has the lowest non-performing loan. However, newly established banks also have low non-performing loan. In terms of size, the government owned banks occupy the largest share while the share is low in the newly established banks like Citizens bank, Grand bank and Kist bank.
Macroeconomic variables such as the real effective exchange rate have significantly negative impact on non-performing loan which is inconsistent with the findings of previous studies. The impact of GDP growth rate is found to be insignificant in this study. One year lagged inflation rate has significant positive impact on non-performing loan. The banks which charge relatively higher real interest rate have higher non-performing loan, which is consistent with the findings of previous studies. If the bank is government owned bank the non-performing loan would be higher than that of the private owned banks since ownership dummy has positive coefficient and significant at one percent level. As well, more lending in the previous years and current year reduces the non-performing loan since the coefficient of change in loan in current and previous years have negative coefficient and significant at one percent level.
The bankers of Nepalese commercial bank perceive that energy crisis; lack of timely budgetary expenditure by the government and instable political environment increases the non-performing loan. Similarly bankers also perceive that borrowers honesty in disclosing the information, better monitoring and evaluation of the loan, increase in GDP growth rate have significantly negative impact on non-performing loan. However, the banker’s perception shows that the macroeconomic variables like unemployment rate, inflation rate, exchange rate and interest rate are not much important variables to influence non-performing loan of the commercial banks of Nepal. These findings of the study may add the literature on the area of determinants of non-performing loan within Nepalese Commercial banks in Nepal.
Determinants of non-performing loan in Nepalese commercial banks [printed text] / Seema Bhattari, Author . - 2013 . - 113p. ; GRP/Thesis + 2/B.
Including bibliography
Languages : English
Descriptors: Bank loans
Banks
Banks and banking
Commercial banks
Loans
Nepal
Non-performing loan
Seema BhattaraiKeywords: 'bank loans banks banks and banking commercial banks nepal loans seema bhattarai non-performing' Class number: 332.175 Abstract: The non-performing loans (NPL) of financial institutions are considered as a significant issue in the context of Nepal for last few decades. The immediate consequence of large amount of NPLs in the banking system is bank failure. Non-performing loans are one of the main reasons that cause insolvency of the financial institutions and ultimately hurt the whole economy. Studies show that the failure of banks in Nepal was also the result of the high non-performing assets due to and the result of lending without differentiating markets, products and borrowers’ credit worthiness and excessive loan exposure to real estate. However, there is not any study regarding the factors affecting non-performing loan in Nepal. Finding the factors affecting NPL covering both micro (banks specific) and macroeconomic variables may help to reduce the NPL and improve the profitability of each commercial banks and may also help for improvement of the economy as a whole.
In this context the study aims to identify the impact of macroeconomic variables (GDP, Inflation, and Real Effective Exchange Rate) and bank specific variables (size, change in loan, real lending rate of interest, and share of loan to total assets) on the non-performing loan of the commercial banks in Nepal. It further aims to identify the perception of bankers regarding the impact of bank specific variables and macroeconomic variables on non-performing loan in Nepalese Commercial Banks.
The study is conducted with primary as well as secondary sources. The secondary data are collected for 26 commercial banks covering the period of 2002-2012 with 227 observations. The primary data are collected from 140 bankers of ten top commercial banks of Nepal. It followed both qualitative and quantitative approach to analyze the findings of the study.
It is found that the government owned banks have the highest non-performing loan in all the years while the standard chartered bank has the lowest non-performing loan. However, newly established banks also have low non-performing loan. In terms of size, the government owned banks occupy the largest share while the share is low in the newly established banks like Citizens bank, Grand bank and Kist bank.
Macroeconomic variables such as the real effective exchange rate have significantly negative impact on non-performing loan which is inconsistent with the findings of previous studies. The impact of GDP growth rate is found to be insignificant in this study. One year lagged inflation rate has significant positive impact on non-performing loan. The banks which charge relatively higher real interest rate have higher non-performing loan, which is consistent with the findings of previous studies. If the bank is government owned bank the non-performing loan would be higher than that of the private owned banks since ownership dummy has positive coefficient and significant at one percent level. As well, more lending in the previous years and current year reduces the non-performing loan since the coefficient of change in loan in current and previous years have negative coefficient and significant at one percent level.
The bankers of Nepalese commercial bank perceive that energy crisis; lack of timely budgetary expenditure by the government and instable political environment increases the non-performing loan. Similarly bankers also perceive that borrowers honesty in disclosing the information, better monitoring and evaluation of the loan, increase in GDP growth rate have significantly negative impact on non-performing loan. However, the banker’s perception shows that the macroeconomic variables like unemployment rate, inflation rate, exchange rate and interest rate are not much important variables to influence non-performing loan of the commercial banks of Nepal. These findings of the study may add the literature on the area of determinants of non-performing loan within Nepalese Commercial banks in Nepal.
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Barcode Call number Media type Location Section Status 14/D 332.175 BHA Thesis/Dissertation Uniglobe Library Social Sciences Available Determinants of profitability of commercial banks in Nepal / Sangeeta Shrestha
Title : Determinants of profitability of commercial banks in Nepal Material Type: printed text Authors: Sangeeta Shrestha, Author Publication Date: 2013 Pagination: 92p. Size: GRP/Thesis Accompanying material: 1/B General note: Including bibliography Languages : English Descriptors: Bank profits
Banks and banking
Commercial banks
Nepal
ProfitKeywords: 'profitability profits banks banks and banking commercial banks nepal sangeeta shrestha profit' Class number: 338.709 Determinants of profitability of commercial banks in Nepal [printed text] / Sangeeta Shrestha, Author . - 2013 . - 92p. ; GRP/Thesis + 1/B.
Including bibliography
Languages : English
Descriptors: Bank profits
Banks and banking
Commercial banks
Nepal
ProfitKeywords: 'profitability profits banks banks and banking commercial banks nepal sangeeta shrestha profit' Class number: 338.709 Hold
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