Table 1 List of variables
From: Impact of financial distress on the dividend policy of banks in India: evidence using panel data
SN | Variable | Type | Code | Definition | References |
|---|---|---|---|---|---|
1 | Financial distress (Altman Z-score) | IV* | FD | It is the financial distress assessment of a firm based on multivariate discriminant analysis. Altman [11] has developed the model to compute Z-score (see Appendix for details) | Altman [11] |
2 | Dividend | DV* | Dividend | A dividend is a distribution of profits by a corporation to its shareholders | [42] |
3 | Debt/equity ratio | MV | Deratio | Debt ratio is a financial ratio that indicates the percentage of a company’s assets provided via debt | [28] |
4 | Sales | CV | l_sales | represents the amount of money a firm receives in exchange for goods sold | [18] |