Determinants of Retained Earnings in Profitable Petroleum Companies in India: A Study of Petroleum Sector

Abstract

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.