Dividend policy determinants: a study on the relationship between the financial decision and investment decision of the Malaysian listed companies / Roszilah Shamsuddin

This research reports on the findings of a study that examined the relationship between investment and dividend policy decisions. A sample of 129 companies listed on the main board of KLSE was obtained in order to ascertain this objective. This study automatically helps to find out the factors that...

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主要作者:	Shamsuddin, Roszilah
格式:	Thesis
语言:	English
出版:	2001
主题:	Financial management Business finance Corporation finance Malaysia
在线阅读:	https://ir.uitm.edu.my/id/eprint/3187/1/TM_ROSZILAH%20SHAMSUDDIN%20AC%2001_5%201.pdf
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id	my-uitm-ir.3187
record_format	uketd_dc
spelling	my-uitm-ir.31872022-04-04T03:50:32Z Dividend policy determinants: a study on the relationship between the financial decision and investment decision of the Malaysian listed companies / Roszilah Shamsuddin 2001 Shamsuddin, Roszilah Financial management. Business finance. Corporation finance Dividends. Stock dividends. Dividend reinvestment Malaysia This research reports on the findings of a study that examined the relationship between investment and dividend policy decisions. A sample of 129 companies listed on the main board of KLSE was obtained in order to ascertain this objective. This study automatically helps to find out the factors that influence the dividend payout by examining the interaction between the dividend and investment policies. The Correlation and Regression Analysis are used to analyse the accounting data for the period 1990 until 1994, which obtained from the Corporate Handbook Malaysia. The findings indicate that the relationship does exist between investment and dividend policy decisions, which is negative relationship. The variables such as Net Organizational Capital, Agency Cost and Transaction Cost are significant in determining the factors influence firm's dividend payout. The results indicate that firms will pay a lower dividend payout in order to satisfy the implicit claims of non-investor shareholders. However, firms will pay a higher dividend payout when the free cash flow is larger. Lastly, in order to avoid external financing, firms need to keep dividend payout lower. 2001 Thesis https://ir.uitm.edu.my/id/eprint/3187/ https://ir.uitm.edu.my/id/eprint/3187/1/TM_ROSZILAH%20SHAMSUDDIN%20AC%2001_5%201.pdf text en public masters Universiti Teknologi MARA Faculty of Accountancy
institution	Universiti Teknologi MARA
collection	UiTM Institutional Repository
language	English
topic	Financial management Business finance Corporation finance Financial management Business finance Corporation finance Malaysia
spellingShingle	Financial management Business finance Corporation finance Financial management Business finance Corporation finance Malaysia Shamsuddin, Roszilah Dividend policy determinants: a study on the relationship between the financial decision and investment decision of the Malaysian listed companies / Roszilah Shamsuddin
description	This research reports on the findings of a study that examined the relationship between investment and dividend policy decisions. A sample of 129 companies listed on the main board of KLSE was obtained in order to ascertain this objective. This study automatically helps to find out the factors that influence the dividend payout by examining the interaction between the dividend and investment policies. The Correlation and Regression Analysis are used to analyse the accounting data for the period 1990 until 1994, which obtained from the Corporate Handbook Malaysia. The findings indicate that the relationship does exist between investment and dividend policy decisions, which is negative relationship. The variables such as Net Organizational Capital, Agency Cost and Transaction Cost are significant in determining the factors influence firm's dividend payout. The results indicate that firms will pay a lower dividend payout in order to satisfy the implicit claims of non-investor shareholders. However, firms will pay a higher dividend payout when the free cash flow is larger. Lastly, in order to avoid external financing, firms need to keep dividend payout lower.
format	Thesis
qualification_level	Master's degree
author	Shamsuddin, Roszilah
author_facet	Shamsuddin, Roszilah
author_sort	Shamsuddin, Roszilah
title	Dividend policy determinants: a study on the relationship between the financial decision and investment decision of the Malaysian listed companies / Roszilah Shamsuddin
title_short	Dividend policy determinants: a study on the relationship between the financial decision and investment decision of the Malaysian listed companies / Roszilah Shamsuddin
title_full	Dividend policy determinants: a study on the relationship between the financial decision and investment decision of the Malaysian listed companies / Roszilah Shamsuddin
title_fullStr	Dividend policy determinants: a study on the relationship between the financial decision and investment decision of the Malaysian listed companies / Roszilah Shamsuddin
title_full_unstemmed	Dividend policy determinants: a study on the relationship between the financial decision and investment decision of the Malaysian listed companies / Roszilah Shamsuddin
title_sort	dividend policy determinants: a study on the relationship between the financial decision and investment decision of the malaysian listed companies / roszilah shamsuddin
granting_institution	Universiti Teknologi MARA
granting_department	Faculty of Accountancy
publishDate	2001
url	https://ir.uitm.edu.my/id/eprint/3187/1/TM_ROSZILAH%20SHAMSUDDIN%20AC%2001_5%201.pdf
_version_	1783733094480609280

Dividend policy determinants: a study on the relationship between the financial decision and investment decision of the Malaysian listed companies / Roszilah Shamsuddin

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