Main Article Content
There are numerous factors that affects corporate dividend policy and investment opportunity set is among one of the significant factors. Investor are interested to make investments in those firms, which provide benefit and prosperity to shareholders and investors. As investors expect return on investment in the form of dividends. The present study aimed to overview the overall literature published on the relationship of investment opportunity set and dividend policy. For this purpose, articles are selected from the literature published on Scopus and Google Scholar databases. The research methodology adopted the stepwise screening procedure of the PRISMA guidelines and final 28 studies are included for the systematic literature review. After critically analyzing the selected studies, the findings suggests that investment opportunity set is a factor that significantly effect dividend policy. Moreover, the result demonstrates that the interest in the topic of investment opportunity set and its influence on dividend policy is growing. Furthermore, the trend of researchers and academicians to publish their research work is more towards journals-based articles rather than conference articles.
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