Open AccessDeterminants of Retained Earnings in Profitable Petroleum Companies in India: A Study of Petroleum Sector
Author(s) -
Sohaib Masood
Publication year - 2020
Publication title -
international journal for research in engineering application and management
Language(s) - English
Resource type - Journals
ISSN - 2454-9150
DOI - 10.35291/2454-9150.2020.0450
Subject(s) - earnings , petroleum , business , finance , chemistry , organic chemistry
In this paper an attempt has been made to identify the important determinants of retained earnings in profitable petroleum companies in petroleum sector of India and which have impact on the retention of earnings of petroleum companies under study. Multiple linear regression is used to identify the determinants of retained earnings for a period of sixteen years. Also the importance of retained earnings as a source of finance for petroleum sector companies is also studied in the paper.