The impact of dividend policy on shareholders' wealth: an analysis on selected Sharia Compliance Companies in Malaysia (1997 - 2011) / Ihsan Azhar

This study analyzes the impact of dividend policy on shareholders' wealth of 18 companies that listed as Sharia Compliance Companies from 1997-201 l. To measure the impact of dividend policy on shareholders' wealth, multiple regression method are used by taking Retained Earnings (RE), Divi...

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Bibliographic Details
Main Author: Azhar, Ihsan
Format: Thesis
Language:English
Published: 2013
Subjects:
Online Access:https://ir.uitm.edu.my/id/eprint/95485/1/95485.PDF
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Summary:This study analyzes the impact of dividend policy on shareholders' wealth of 18 companies that listed as Sharia Compliance Companies from 1997-201 l. To measure the impact of dividend policy on shareholders' wealth, multiple regression method are used by taking Retained Earnings (RE), Dividend per Share (DPS) and Retained Earnings (RE) as independent variables and Market Price per Share (MPS) as dependent variable (to determine the proportion of explained variation in the dependent variable, the co-efficient of determination (R2) has been tested with the help of F value and T value). Descriptive analysis also had been tested to measure the relationship between dependent variable and independent variables. The empirical findings show that there is a significant impact of dividend policy on shareholders' wealth on Selected Sharia Compliance Companies.