Determinants of dividend policy : a case of consumer product sector in Malaysia / Nur Ainina Shamsul Rizal

This study objective is to investigate the determinants of dividend policy in consumer product sector of Malaysia. The total samples used in this study are 45 companies of consumer product sector in Malaysia for each period. The sample covered from the year 2008 to 2017. This study use panel data an...

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Bibliographic Details
Main Author: Shamsul Rizal, Nur Ainina
Format: Thesis
Language:English
Published: 2018
Subjects:
Online Access:https://ir.uitm.edu.my/id/eprint/93734/1/93734.pdf
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Summary:This study objective is to investigate the determinants of dividend policy in consumer product sector of Malaysia. The total samples used in this study are 45 companies of consumer product sector in Malaysia for each period. The sample covered from the year 2008 to 2017. This study use panel data analyses and found that the Random Effect Regression Model is the best model to assess the relationship. This study have uses profitability, leverage, liquidity, investment opportunity, inflation and size of the firm as independent variable. The dependent variable is dividend payout ratio. Based on the result it were found that profitability leverage and investment opportunity have significant relationship with dividend payout ratio. However, another three variables such as liquidity, inflation and size of the firm is not significant relationship with dividend payout ratio.