The effects of liberalisation in India have led to the companies to operate in a new economic environment altogether. Foreign players started moving in the domestic market. The companies started to face stiff competition and the entry of foreign companies has widened the opportunity of making more choice to the investors. So the companies found them in a complex situation. On one side, it has to be defensive in the dividend payment area to retain financial recourses to face any downturn in the market conditions. On the other hand, the companies have to follow aggressive dividend policy to...
The effects of liberalisation in India have led to the companies to operate in a new economic environment altogether. Foreign players started moving i...