Determinants of dividend policy : a case of Malaysian Public Listed Companies / Al-Hami Zurairi Yahya Mahmood

Dividend policy is a crucial guideline of making decision regarding how much earnings could be paid out as dividend and how much could be retained. It has been one of the most significant topics in financial literature, which gave it a considerable attention to solve the dividends ambiguity. Based o...

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Main Author:	Mahmood, Al-Hami Zurairi Yahya
Format:	Thesis
Language:	English
Published:	2015
Subjects:	Dividends Stock dividends Dividend reinvestment
Online Access:	https://ir.uitm.edu.my/id/eprint/82973/1/82973.pdf
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id	my-uitm-ir.82973
record_format	uketd_dc
spelling	my-uitm-ir.829732023-09-15T03:14:08Z Determinants of dividend policy : a case of Malaysian Public Listed Companies / Al-Hami Zurairi Yahya Mahmood 2015 Mahmood, Al-Hami Zurairi Yahya Dividends. Stock dividends. Dividend reinvestment Dividend policy is a crucial guideline of making decision regarding how much earnings could be paid out as dividend and how much could be retained. It has been one of the most significant topics in financial literature, which gave it a considerable attention to solve the dividends ambiguity. Based on the previous literature, there are many factors that contributed to the setting up of dividend policy. However, this study concentrated to only four factors. Hence, the main objective of this study is to examine the relationship between firm performances (profit), capital structure (debt to equity), past year's dividend, growth and dividend policy that quantified by dividend payout, dividend per share and dividend cut. There are 672 firms listed on Bursa Malaysia for the period of year 2014 that has been analyzed in multiple regression analysis. The results support prior findings that firm performances (profit), capital structure (debt to equity), past year's dividend and growth were significantly related with Dividend Policy. Controlled variables such as firm's loss, size, distress and industry affects only certain means of Dividend Policy. This study concludes that firm performances (profit) was significantly related to Dividend Policy that measured by Dividend Per Share and Dividend Cut while Debt to Equity was found to have significant relationship with Dividend Payout only. However, Past Year's Dividend was found significantly related with all means of Dividend Policy tested in this study. Yet Growth only related significantly with Dividend Cut. Therefore, this study benefits firm's policy makers to identify the factors that contribute in structuring a dividend policy and also enable the firm to control the factors that affects the dividend payout, dividend per share and dividend cut. Keywords: Dividend Policy, Malaysian Dividend Policy, Firm Performances (Profit), Capital Structure (Debt To Equity), Past Year's Dividend, Growth, Dividend Payout, Dividend Per Share and Dividend Cut. 2015 Thesis https://ir.uitm.edu.my/id/eprint/82973/ https://ir.uitm.edu.my/id/eprint/82973/1/82973.pdf text en public masters Universiti Teknologi MARA, Sabah Faculty of Accountancy
institution	Universiti Teknologi MARA
collection	UiTM Institutional Repository
language	English
topic	Dividends Stock dividends Dividend reinvestment
spellingShingle	Dividends Stock dividends Dividend reinvestment Mahmood, Al-Hami Zurairi Yahya Determinants of dividend policy : a case of Malaysian Public Listed Companies / Al-Hami Zurairi Yahya Mahmood
description	Dividend policy is a crucial guideline of making decision regarding how much earnings could be paid out as dividend and how much could be retained. It has been one of the most significant topics in financial literature, which gave it a considerable attention to solve the dividends ambiguity. Based on the previous literature, there are many factors that contributed to the setting up of dividend policy. However, this study concentrated to only four factors. Hence, the main objective of this study is to examine the relationship between firm performances (profit), capital structure (debt to equity), past year's dividend, growth and dividend policy that quantified by dividend payout, dividend per share and dividend cut. There are 672 firms listed on Bursa Malaysia for the period of year 2014 that has been analyzed in multiple regression analysis. The results support prior findings that firm performances (profit), capital structure (debt to equity), past year's dividend and growth were significantly related with Dividend Policy. Controlled variables such as firm's loss, size, distress and industry affects only certain means of Dividend Policy. This study concludes that firm performances (profit) was significantly related to Dividend Policy that measured by Dividend Per Share and Dividend Cut while Debt to Equity was found to have significant relationship with Dividend Payout only. However, Past Year's Dividend was found significantly related with all means of Dividend Policy tested in this study. Yet Growth only related significantly with Dividend Cut. Therefore, this study benefits firm's policy makers to identify the factors that contribute in structuring a dividend policy and also enable the firm to control the factors that affects the dividend payout, dividend per share and dividend cut. Keywords: Dividend Policy, Malaysian Dividend Policy, Firm Performances (Profit), Capital Structure (Debt To Equity), Past Year's Dividend, Growth, Dividend Payout, Dividend Per Share and Dividend Cut.
format	Thesis
qualification_level	Master's degree
author	Mahmood, Al-Hami Zurairi Yahya
author_facet	Mahmood, Al-Hami Zurairi Yahya
author_sort	Mahmood, Al-Hami Zurairi Yahya
title	Determinants of dividend policy : a case of Malaysian Public Listed Companies / Al-Hami Zurairi Yahya Mahmood
title_short	Determinants of dividend policy : a case of Malaysian Public Listed Companies / Al-Hami Zurairi Yahya Mahmood
title_full	Determinants of dividend policy : a case of Malaysian Public Listed Companies / Al-Hami Zurairi Yahya Mahmood
title_fullStr	Determinants of dividend policy : a case of Malaysian Public Listed Companies / Al-Hami Zurairi Yahya Mahmood
title_full_unstemmed	Determinants of dividend policy : a case of Malaysian Public Listed Companies / Al-Hami Zurairi Yahya Mahmood
title_sort	determinants of dividend policy : a case of malaysian public listed companies / al-hami zurairi yahya mahmood
granting_institution	Universiti Teknologi MARA, Sabah
granting_department	Faculty of Accountancy
publishDate	2015
url	https://ir.uitm.edu.my/id/eprint/82973/1/82973.pdf
_version_	1783736361776316416

Determinants of dividend policy : a case of Malaysian Public Listed Companies / Al-Hami Zurairi Yahya Mahmood

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