The relationship between investment opportunity set and financing, dividend and compensation policies: evidence from Malaysia / Suhaily Hasnan

This study provides evidence of the relationship between Investment Opportunity Set(IOS) and financing, dividend and compensation policies of companies listed on Bursa Malaysia and to identify whether the IOS theory has explanatory power in the cross sectional structure of corporate policies in Mala...

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Main Author:	Hasnan, Suhaily Hasnan
Format:	Thesis
Language:	English
Published:	2004
Subjects:	Dividends Stock dividends Dividend reinvestment Dividends. Stock dividends. Dividend reinvestment
Online Access:	https://ir.uitm.edu.my/id/eprint/58460/1/58460.PDF
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id	my-uitm-ir.58460
record_format	uketd_dc
spelling	my-uitm-ir.584602022-09-14T06:31:37Z The relationship between investment opportunity set and financing, dividend and compensation policies: evidence from Malaysia / Suhaily Hasnan 2004 Hasnan, Suhaily Hasnan Dividends. Stock dividends. Dividend reinvestment Investment, capital formation, speculation This study provides evidence of the relationship between Investment Opportunity Set(IOS) and financing, dividend and compensation policies of companies listed on Bursa Malaysia and to identify whether the IOS theory has explanatory power in the cross sectional structure of corporate policies in Malaysia. The study was conducted using a sample of 180 companies selected from the population of 825 companies listed on both the Main Board and Second Board of Bursa Malaysia. The period of study chosen was from 1991 to 2002. For the Financing Policy Model, the results reveal that high IOS firms have lower debt and this is consistent with the Contracting Theory. On contrary, the result of Dividend Policy Model is consistent with the Signaling Theory whereby IOS is found to have a positive relationship with dividend. Further, the result of the Compensation Policy Model demonstrates that there is no statistically significant relationship between compensation policy and IOS (except for the panel data). 2004 Thesis https://ir.uitm.edu.my/id/eprint/58460/ https://ir.uitm.edu.my/id/eprint/58460/1/58460.PDF text en public masters Universiti Teknologi Mara (UiTM) Faculty of Accountancy Hoo, Tew You
institution	Universiti Teknologi MARA
collection	UiTM Institutional Repository
language	English
advisor	Hoo, Tew You
topic	Dividends Stock dividends Dividend reinvestment Dividends. Stock dividends. Dividend reinvestment
spellingShingle	Dividends Stock dividends Dividend reinvestment Dividends. Stock dividends. Dividend reinvestment Hasnan, Suhaily Hasnan The relationship between investment opportunity set and financing, dividend and compensation policies: evidence from Malaysia / Suhaily Hasnan
description	This study provides evidence of the relationship between Investment Opportunity Set(IOS) and financing, dividend and compensation policies of companies listed on Bursa Malaysia and to identify whether the IOS theory has explanatory power in the cross sectional structure of corporate policies in Malaysia. The study was conducted using a sample of 180 companies selected from the population of 825 companies listed on both the Main Board and Second Board of Bursa Malaysia. The period of study chosen was from 1991 to 2002. For the Financing Policy Model, the results reveal that high IOS firms have lower debt and this is consistent with the Contracting Theory. On contrary, the result of Dividend Policy Model is consistent with the Signaling Theory whereby IOS is found to have a positive relationship with dividend. Further, the result of the Compensation Policy Model demonstrates that there is no statistically significant relationship between compensation policy and IOS (except for the panel data).
format	Thesis
qualification_level	Master's degree
author	Hasnan, Suhaily Hasnan
author_facet	Hasnan, Suhaily Hasnan
author_sort	Hasnan, Suhaily Hasnan
title	The relationship between investment opportunity set and financing, dividend and compensation policies: evidence from Malaysia / Suhaily Hasnan
title_short	The relationship between investment opportunity set and financing, dividend and compensation policies: evidence from Malaysia / Suhaily Hasnan
title_full	The relationship between investment opportunity set and financing, dividend and compensation policies: evidence from Malaysia / Suhaily Hasnan
title_fullStr	The relationship between investment opportunity set and financing, dividend and compensation policies: evidence from Malaysia / Suhaily Hasnan
title_full_unstemmed	The relationship between investment opportunity set and financing, dividend and compensation policies: evidence from Malaysia / Suhaily Hasnan
title_sort	relationship between investment opportunity set and financing, dividend and compensation policies: evidence from malaysia / suhaily hasnan
granting_institution	Universiti Teknologi Mara (UiTM)
granting_department	Faculty of Accountancy
publishDate	2004
url	https://ir.uitm.edu.my/id/eprint/58460/1/58460.PDF
_version_	1783734997338816512

The relationship between investment opportunity set and financing, dividend and compensation policies: evidence from Malaysia / Suhaily Hasnan

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