Determinants of Dividend Pay-Out Policy of Listed Non-financial Firms in Malaysia
This research paper scmtinizes to recogoize the detemiinants of dividend pay-out. A total of 203 Malaysian non-fiiiancial firms representing from various iiidustries were scrutinized over a period of foiirteen fiiiancial years covering 2005 to 2018. The panel data forni specified the tiine series an...
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| Format: | Article |
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Sciedu Press
2020
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| author | Tahir, Hussain Masri, Ridzuan Rahman, Mahfuzur |
| author_facet | Tahir, Hussain Masri, Ridzuan Rahman, Mahfuzur |
| author_sort | Tahir, Hussain |
| collection | UM |
| description | This research paper scmtinizes to recogoize the detemiinants of dividend pay-out. A total of 203 Malaysian non-fiiiancial firms representing from various iiidustries were scrutinized over a period of foiirteen fiiiancial years covering 2005 to 2018. The panel data forni specified the tiine series and cross-sectiooal nature used for this research paper. Fixed effect and randoni effects description techniques were used for investigation. The outcomes reveal a statistically significant and positive association between coiporate board size. ROA and dividend pay-out. However. financial leverage has a negative and significant relationship with dividend policies. But the study reveals a statistically insignificant and positive relationship between board diversity and dividend pay-out. This paper suggestions insiglit to policy-makers of emerging econoniies interested in the developnient of the financial structure niechanism. This study guides companies in the structure and employnient of dividend pay-out. © 2020 Sciedu Press. |
| first_indexed | 2024-03-06T06:03:57Z |
| format | Article |
| id | um.eprints-24849 |
| institution | Universiti Malaya |
| last_indexed | 2024-03-06T06:03:57Z |
| publishDate | 2020 |
| publisher | Sciedu Press |
| record_format | dspace |
| spelling | um.eprints-248492020-06-16T03:08:24Z http://eprints.um.edu.my/24849/ Determinants of Dividend Pay-Out Policy of Listed Non-financial Firms in Malaysia Tahir, Hussain Masri, Ridzuan Rahman, Mahfuzur HC Economic History and Conditions HF Commerce This research paper scmtinizes to recogoize the detemiinants of dividend pay-out. A total of 203 Malaysian non-fiiiancial firms representing from various iiidustries were scrutinized over a period of foiirteen fiiiancial years covering 2005 to 2018. The panel data forni specified the tiine series and cross-sectiooal nature used for this research paper. Fixed effect and randoni effects description techniques were used for investigation. The outcomes reveal a statistically significant and positive association between coiporate board size. ROA and dividend pay-out. However. financial leverage has a negative and significant relationship with dividend policies. But the study reveals a statistically insignificant and positive relationship between board diversity and dividend pay-out. This paper suggestions insiglit to policy-makers of emerging econoniies interested in the developnient of the financial structure niechanism. This study guides companies in the structure and employnient of dividend pay-out. © 2020 Sciedu Press. Sciedu Press 2020 Article PeerReviewed Tahir, Hussain and Masri, Ridzuan and Rahman, Mahfuzur (2020) Determinants of Dividend Pay-Out Policy of Listed Non-financial Firms in Malaysia. International Journal of Financial Research, 11 (2). pp. 68-76. ISSN 1923-4023, DOI https://doi.org/10.5430/ijfr.v11n2p68 <https://doi.org/10.5430/ijfr.v11n2p68>. https://doi.org/10.5430/ijfr.v11n2p68 doi:10.5430/ijfr.v11n2p68 |
| spellingShingle | HC Economic History and Conditions HF Commerce Tahir, Hussain Masri, Ridzuan Rahman, Mahfuzur Determinants of Dividend Pay-Out Policy of Listed Non-financial Firms in Malaysia |
| title | Determinants of Dividend Pay-Out Policy of Listed Non-financial Firms in Malaysia |
| title_full | Determinants of Dividend Pay-Out Policy of Listed Non-financial Firms in Malaysia |
| title_fullStr | Determinants of Dividend Pay-Out Policy of Listed Non-financial Firms in Malaysia |
| title_full_unstemmed | Determinants of Dividend Pay-Out Policy of Listed Non-financial Firms in Malaysia |
| title_short | Determinants of Dividend Pay-Out Policy of Listed Non-financial Firms in Malaysia |
| title_sort | determinants of dividend pay out policy of listed non financial firms in malaysia |
| topic | HC Economic History and Conditions HF Commerce |
| work_keys_str_mv | AT tahirhussain determinantsofdividendpayoutpolicyoflistednonfinancialfirmsinmalaysia AT masriridzuan determinantsofdividendpayoutpolicyoflistednonfinancialfirmsinmalaysia AT rahmanmahfuzur determinantsofdividendpayoutpolicyoflistednonfinancialfirmsinmalaysia |