Vol. 3, Issue 7, Part R (2017)

Abstract
Purpose: The main objective of present paper is to review, classify, and identify the gaps in the existing literature on dividend policy. Design/methodology/approach: By adopting methodical literature review process, the present present paper extant to propose a methodological literature review (MLR) Findings: Detailed content analysis reveals that the select literature on dividend policy analyzed in different context give assorted view. So, far as valuation/stock performance, and dividend policy is concerned has not be resolved the debate whether dividend decision effect the valuation of firm or not. Further, the effect taxes and macroeconomics fundamentals on dividend policy is not clear. Other corporate financial practices and dividend policy studies confirms the relationship between each other. The studies on perception and determinants of dividend policy come out with number of determinants. Originalit/value: The paper restrain a wide listing of publications on the dividend policy and their arrangement according to various classification schemes. The paper will be useful to academician, researchers in the area of finance and others scholars who are having curiosity with dividend policy. To the best of the information, no detailed methodological literature review (MLR) paper has previously been published in any of academic journals.