Dividends, leverage and endogeneity: a simultaneous equations study on Malaysia
Drawing upon preceding empirical studies on the potential endogeneity of both debt and dividends in developed markets, this study investigates two-way causal relationships that can exist between payout decisions and debt policies in Malaysian listed companies. The analysis is performed by applying a...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
University of Wollongong, Australia
2018
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| Online Access: | http://psasir.upm.edu.my/id/eprint/60596/1/Dividends%2C%20leverage%20and%20endogeneity%20a%20simultaneous%20equations%20study%20on%20Malaysia.pdf |