A study on dividend policy and value of the firm: managerial perspectives in Malaysia / Oswald Timothy Edward , Chu Hong Heng , Lau Gee Choon
This study investigates the views of corporate managers about the relationship between dividend policy and value; explanations of dividend relevance including the bird-in-thehand, signaling, tax-preference, and agency explanations; and how firms determine the amount of dividends to pay. We obtain...
| Main Authors: | , , |
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| Format: | Research Reports |
| Language: | English |
| Published: |
Universiti Teknologi MARA, Johor: Segamat Campus
2005
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| Subjects: | |
| Online Access: | https://ir.uitm.edu.my/id/eprint/3819/1/LP_OSWALD%20TIMOTHY%20EDWARD%2005_5%201.pdf |
| _version_ | 1825733731190571008 |
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| author | Oswald Timothy Edward, . Chu Hong Heng, . Lau Gee Choon, . |
| author_facet | Oswald Timothy Edward, . Chu Hong Heng, . Lau Gee Choon, . |
| author_sort | Oswald Timothy Edward, . |
| collection | UITM |
| description | This study investigates the views of corporate managers about the relationship between
dividend policy and value; explanations of dividend relevance including the bird-in-thehand,
signaling, tax-preference, and agency explanations; and how firms determine the
amount of dividends to pay. We obtain data from 2004 mail survey sent to 207 chief
financial officers/financial controller/corporate managers of firms listed on the Bursa
Malaysia. Based on 64 usable responses, the empirical result show that most survey
respondents believe that dividend policy affects firm value. Of the four explanations for
dividend relevance, the respondents generally express the highest level of agreement with
statements about signaling. The results also show that managers are concerned about the
continuity of dividends when setting dividend payments |
| first_indexed | 2024-03-06T01:21:26Z |
| format | Research Reports |
| id | oai:ir.uitm.edu.my:3819 |
| institution | Universiti Teknologi MARA |
| language | English |
| last_indexed | 2024-03-06T01:21:26Z |
| publishDate | 2005 |
| publisher | Universiti Teknologi MARA, Johor: Segamat Campus |
| record_format | dspace |
| spelling | oai:ir.uitm.edu.my:38192016-09-28T03:47:24Z https://ir.uitm.edu.my/id/eprint/3819/ A study on dividend policy and value of the firm: managerial perspectives in Malaysia / Oswald Timothy Edward , Chu Hong Heng , Lau Gee Choon Oswald Timothy Edward, . Chu Hong Heng, . Lau Gee Choon, . Dividends. Stock dividends. Dividend reinvestment This study investigates the views of corporate managers about the relationship between dividend policy and value; explanations of dividend relevance including the bird-in-thehand, signaling, tax-preference, and agency explanations; and how firms determine the amount of dividends to pay. We obtain data from 2004 mail survey sent to 207 chief financial officers/financial controller/corporate managers of firms listed on the Bursa Malaysia. Based on 64 usable responses, the empirical result show that most survey respondents believe that dividend policy affects firm value. Of the four explanations for dividend relevance, the respondents generally express the highest level of agreement with statements about signaling. The results also show that managers are concerned about the continuity of dividends when setting dividend payments Universiti Teknologi MARA, Johor: Segamat Campus 2005 Research Reports NonPeerReviewed text en https://ir.uitm.edu.my/id/eprint/3819/1/LP_OSWALD%20TIMOTHY%20EDWARD%2005_5%201.pdf A study on dividend policy and value of the firm: managerial perspectives in Malaysia / Oswald Timothy Edward , Chu Hong Heng , Lau Gee Choon. (2005) [Research Reports] <http://terminalib.uitm.edu.my/3819.pdf> (Unpublished) |
| spellingShingle | Dividends. Stock dividends. Dividend reinvestment Oswald Timothy Edward, . Chu Hong Heng, . Lau Gee Choon, . A study on dividend policy and value of the firm: managerial perspectives in Malaysia / Oswald Timothy Edward , Chu Hong Heng , Lau Gee Choon |
| title | A study on dividend policy and value of the firm: managerial perspectives in Malaysia / Oswald Timothy Edward , Chu Hong Heng , Lau Gee Choon |
| title_full | A study on dividend policy and value of the firm: managerial perspectives in Malaysia / Oswald Timothy Edward , Chu Hong Heng , Lau Gee Choon |
| title_fullStr | A study on dividend policy and value of the firm: managerial perspectives in Malaysia / Oswald Timothy Edward , Chu Hong Heng , Lau Gee Choon |
| title_full_unstemmed | A study on dividend policy and value of the firm: managerial perspectives in Malaysia / Oswald Timothy Edward , Chu Hong Heng , Lau Gee Choon |
| title_short | A study on dividend policy and value of the firm: managerial perspectives in Malaysia / Oswald Timothy Edward , Chu Hong Heng , Lau Gee Choon |
| title_sort | study on dividend policy and value of the firm managerial perspectives in malaysia oswald timothy edward chu hong heng lau gee choon |
| topic | Dividends. Stock dividends. Dividend reinvestment |
| url | https://ir.uitm.edu.my/id/eprint/3819/1/LP_OSWALD%20TIMOTHY%20EDWARD%2005_5%201.pdf |
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