Determinants of dividend yield of Malaysian firms

This study focuses on the perfonnance of 788 finns over a 10-year period from year 2000 to 2009 that provide infonnation on market capitalization, net income, tota~ assets, total common equity, net operating cash flow, the earning per share and the date the finn was first listed on Bursa Malaysi,...

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Main Author:	Liew, Teresa Phit Sia
Format:	Thesis
Language:	English
Published:	2011
Subjects:	HG Finance
Online Access:	http://ir.unimas.my/id/eprint/9049/3/Determinants%20of%20Dividend%20Yield%20of%20Malaysian%20Firms.pdf
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id	my-unimas-ir.9049
record_format	uketd_dc
spelling	my-unimas-ir.90492023-03-06T07:57:04Z Determinants of dividend yield of Malaysian firms 2011 Liew, Teresa Phit Sia HG Finance This study focuses on the perfonnance of 788 finns over a 10-year period from year 2000 to 2009 that provide infonnation on market capitalization, net income, tota~ assets, total common equity, net operating cash flow, the earning per share and the date the finn was first listed on Bursa Malaysi, The result of statistics summary provide support to the previous studies that Malayslan dividend payers are more profitable, having higher net operating cash flow and investment opportunities but lower debt equity ratio than the non-payers. The result of Logit regression shows that profitability has the strongest positive influence, debt equity has moderate negative influence and cash flow has mild positive influence on the probability of dividend yields. Investment opportunities have been found with no significant contribution. The influence of the financial variables on dividend yield varies when finns are examined within the context of size and age of finns. The only exception here is profitability which consistently shows positive influence and its impact increases across size and age of finns. Universiti Malaysia Sarawak, (UNIMAS) 2011 Thesis http://ir.unimas.my/id/eprint/9049/ http://ir.unimas.my/id/eprint/9049/3/Determinants%20of%20Dividend%20Yield%20of%20Malaysian%20Firms.pdf text en validuser masters Universiti Malaysia Sarawak, (UNIMAS) Faculty of Economics and Business
institution	Universiti Malaysia Sarawak
collection	UNIMAS Institutional Repository
language	English
topic	HG Finance
spellingShingle	HG Finance Liew, Teresa Phit Sia Determinants of dividend yield of Malaysian firms
description	This study focuses on the perfonnance of 788 finns over a 10-year period from year 2000 to 2009 that provide infonnation on market capitalization, net income, tota~ assets, total common equity, net operating cash flow, the earning per share and the date the finn was first listed on Bursa Malaysi, The result of statistics summary provide support to the previous studies that Malayslan dividend payers are more profitable, having higher net operating cash flow and investment opportunities but lower debt equity ratio than the non-payers. The result of Logit regression shows that profitability has the strongest positive influence, debt equity has moderate negative influence and cash flow has mild positive influence on the probability of dividend yields. Investment opportunities have been found with no significant contribution. The influence of the financial variables on dividend yield varies when finns are examined within the context of size and age of finns. The only exception here is profitability which consistently shows positive influence and its impact increases across size and age of finns.
format	Thesis
qualification_level	Master's degree
author	Liew, Teresa Phit Sia
author_facet	Liew, Teresa Phit Sia
author_sort	Liew, Teresa Phit Sia
title	Determinants of dividend yield of Malaysian firms
title_short	Determinants of dividend yield of Malaysian firms
title_full	Determinants of dividend yield of Malaysian firms
title_fullStr	Determinants of dividend yield of Malaysian firms
title_full_unstemmed	Determinants of dividend yield of Malaysian firms
title_sort	determinants of dividend yield of malaysian firms
granting_institution	Universiti Malaysia Sarawak, (UNIMAS)
granting_department	Faculty of Economics and Business
publishDate	2011
url	http://ir.unimas.my/id/eprint/9049/3/Determinants%20of%20Dividend%20Yield%20of%20Malaysian%20Firms.pdf
_version_	1783728006513033216

Determinants of dividend yield of Malaysian firms

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