Global Journal of Research in Management

Yagnesh Dalvadi

Abstract

key parts of TBL reporting. Environmental Reporting is an area where our country requires a boost. A lot of work has been done by other developed countries in this area. India is believed to be still at its infancy stage so far as Environmental Reporting (an integral part of triple bottom line reporting) is concerned. The objective of this study is to investigate the quantity and quality of voluntary environmental disclosures in the annual reports or sustainability reports of the few selected index based Indian companies listed on the stock exchange. In order to evaluate the environmental reporting practices, the categorization contained in the Global Reporting Initiatives guidelines has been used to an extent. We found that all the companies selected for the study were found to be at their progress towards better environmental reporting practices year by year, which is a positive sign for the country as well as a benchmark for the other companies who still have not taken initiative in this area. The result may serve a base or the path towards better Environmental disclosures in India.

Keywords

Triple Bottom Line, Environmental Reports, Sustainability, Disclosures

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Shraddha G. Raj ¹, Yagnesh Dalvadi ²

Affiliations
1 Lecturer, Shri V. Z. Patel Commerce College, Anand, IN
2 Professor at P. G. Department of Business Studies, Sardar Patel University, Vallabh Vidyanagar, IN

Abstract

This paper focuses on the relationship between the determinants of dividend policy and the market price of shares. For this purpose, the researchers have considered 07 public sector banks for five years span of time from the year 2014- 15 to 2018-19. Karl Pearson’s correlation and multiple regression analysis with all assumptions have been applied with the use of SPSS and Excel. The profitability (ROE & EPS), Liquidity (Current Ratio), Leverage (Total Debt to Total Assets Ratio), Size (LN of Total Assets), Dividend Policy (DPS, DPO & DY), and Risk(P/E Ratio) have considered as explanatory variables and Closing Market Price of Share is taken as the dependent variable to examine the relationship between two variables. The result of multiple linear regression analysis shows the significant positive impact of liquidity, size, and leverage on the market price of shares, positive but insignificant relationship between profitability, risk and dividend policy with market price of shares and growth has an insignificant relationship with market price of shares of selected PSBs.

Keywords

Determinants of Dividend Policy, Dividend Policy, Market Price of Shares.

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