A systematic review of investment opportunity set and dividend policy

Main Article Content

Hamad Raza
Syed Muhammad Ahmad Hassan Gillani
Muhammad Ishfaq
Saif ul Nazir


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.

Article Details

How to Cite
Raza, H. ., Syed Muhammad Ahmad Hassan Gillani, Muhammad Ishfaq, & Saif ul Nazir. (2021). A systematic review of investment opportunity set and dividend policy. Systematic Literature Review and Meta-Analysis Journal, 1(2), 89-98. Retrieved from http://slr-m.com/index.php/home/article/view/7
Author Biography

Hamad Raza, Azman Hashim International Business School (AHIBS), Universiti Teknologi Malaysia (UTM), 81310, Johor Bahru, Johor, Malaysia.

The Systematic Literature Review and Meta-Analysis Journal is a multidisciplinary journal focused on the research articles, reviews and empirical research that has used Systematic Literature Review and Meta-Analysis (SLR-M) methods in their research. The journal aimed to facilitate the research in all fields of life until the SLR-M methods have been applied. 


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