International Journal of Engineering and Information Systems (IJEAIS)   Year: 2019 | Volume: 3 | Issue: 6 | Page No.: 49-56 Accessing Determinants that Affect the Dividend Policy and Cause Agency Problems: Evidence from Pakistan Muhammad Moiez Afzal, Muhammad Awais Abstract: The purpose of this paper is to examine the relationship between dividend policy and determinants of the dividend policy by changing ownership structure. Panel data was collected from the financial statements of the companies for the year 2010-2016. Determinants of dividend policy have significant positive and negative effect on the dividend policy of the company either of financial institutes or government-owned companies. The research was conducted in Pakistan so the results can be generalized in particular country. These results can be cross-checked by comparing the results of developed and developing countries to get more generalized results. The future researcher should incorporate more variables in their research and can increase the sample size and time span. Determinants of dividend policy are helpful for the policy maker of the company in deciding more suitable dividend policy and the results also helpful for the investors while investing. This study provides a comparison between financial institutions and government-owned institutions and also it highlights those factors which cause agency problems that is why this study is unique in its nature.