Table 5 Summary of results
From: Impact of financial distress on the dividend policy of banks in India: evidence using panel data
Serial No | Hypothesis | Result | Not rejected | Rejected |
|---|---|---|---|---|
1 | Financial distress (FD) linearly impacts the dividend payout decision of banks | Financial distress does linearly impact the dividend payout decision of banks | Yes | – |
2 | Financial distress (FD) nonlinearly impacts the dividend payout decisions of banks | Financial distress does not nonlinearly impact the dividend payout decisions of banks | – | Yes |
3 | The debt/equity ratio moderates the causal association between financial distress (FD) and dividend payout decisions of banks | The debt/equity ratio significantly moderates the association between financial distress and dividend payout decisions of banks | Yes | – |