The Effects of Government and State Ownership on Dividends

This study aims to investigate the relationship between government ownership and dividend policy of Malaysian listed companies. The study used a sample of 400 companies which were randomly chosen. Two dependent variables were used as a proxy for dividend namely the dividend per share (DPS) and divi...

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Main Author:	Siti Salwani, Abdullah
Format:	Thesis
Language:	eng eng
Published:	2011
Subjects:	HG Finance
Online Access:	https://etd.uum.edu.my/2493/1/Siti_Salwani_Abdullah.pdf https://etd.uum.edu.my/2493/2/1.Siti_Salwani_Abdullah.pdf
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id	my-uum-etd.2493
record_format	uketd_dc
spelling	my-uum-etd.24932016-04-24T01:16:34Z The Effects of Government and State Ownership on Dividends 2011-02 Siti Salwani, Abdullah Taufil Mohd, Kamarun Nisham Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HG Finance This study aims to investigate the relationship between government ownership and dividend policy of Malaysian listed companies. The study used a sample of 400 companies which were randomly chosen. Two dependent variables were used as a proxy for dividend namely the dividend per share (DPS) and dividend payout ratio (DPR), while 8 government agencies (EPF, LTH, KWAP, LTAT, MKD, KNB, PNB and STATE) represented the government ownership. Since dividends are truncated, the Tobit model was utilized to examine the effect of government ownership. The findings showed that the there is no relationship between government ownership and dividend when using DPS as dependent variable. However, when DPR is used, the result showed that government ownership could affect the dividend policy. Furthermore, it is found that privately funded government agencies were more likely to affect dividend. This result indicates that these government agencies are rather influence the proportion of earnings distribution or the payable amount than the amount of dividend per unit of shares. 2011-02 Thesis https://etd.uum.edu.my/2493/ https://etd.uum.edu.my/2493/1/Siti_Salwani_Abdullah.pdf application/pdf eng validuser https://etd.uum.edu.my/2493/2/1.Siti_Salwani_Abdullah.pdf application/pdf eng public masters masters Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Taufil Mohd, Kamarun Nisham
topic	HG Finance
spellingShingle	HG Finance Siti Salwani, Abdullah The Effects of Government and State Ownership on Dividends
description	This study aims to investigate the relationship between government ownership and dividend policy of Malaysian listed companies. The study used a sample of 400 companies which were randomly chosen. Two dependent variables were used as a proxy for dividend namely the dividend per share (DPS) and dividend payout ratio (DPR), while 8 government agencies (EPF, LTH, KWAP, LTAT, MKD, KNB, PNB and STATE) represented the government ownership. Since dividends are truncated, the Tobit model was utilized to examine the effect of government ownership. The findings showed that the there is no relationship between government ownership and dividend when using DPS as dependent variable. However, when DPR is used, the result showed that government ownership could affect the dividend policy. Furthermore, it is found that privately funded government agencies were more likely to affect dividend. This result indicates that these government agencies are rather influence the proportion of earnings distribution or the payable amount than the amount of dividend per unit of shares.
format	Thesis
qualification_name	masters
qualification_level	Master's degree
author	Siti Salwani, Abdullah
author_facet	Siti Salwani, Abdullah
author_sort	Siti Salwani, Abdullah
title	The Effects of Government and State Ownership on Dividends
title_short	The Effects of Government and State Ownership on Dividends
title_full	The Effects of Government and State Ownership on Dividends
title_fullStr	The Effects of Government and State Ownership on Dividends
title_full_unstemmed	The Effects of Government and State Ownership on Dividends
title_sort	effects of government and state ownership on dividends
granting_institution	Universiti Utara Malaysia
granting_department	Othman Yeop Abdullah Graduate School of Business
publishDate	2011
url	https://etd.uum.edu.my/2493/1/Siti_Salwani_Abdullah.pdf https://etd.uum.edu.my/2493/2/1.Siti_Salwani_Abdullah.pdf
_version_	1747827358582177792

The Effects of Government and State Ownership on Dividends

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