The Impact of Dividend Payout Ratio on Future Earnings Growth: Evidence from Malaysia

It is argued that the payout ratio has positive impact on future earnings growth as suggested by Arnott and Asness (2003) and Zhou and Ruland (2006). The aim of this study is to determine the impact of dividend payout ratio on future earnings growth in Malaysia. There was no study in Malaysia that e...

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Main Author:	Khairul Zharif, Zaharudin
Format:	Thesis
Language:	eng eng
Published:	2010
Subjects:	HG Finance
Online Access:	https://etd.uum.edu.my/2662/1/Khairul_Zharif_Zaharudin.pdf https://etd.uum.edu.my/2662/2/1.Khairul_Zharif_Zaharudin.pdf
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id	my-uum-etd.2662
record_format	uketd_dc
spelling	my-uum-etd.26622013-07-24T12:17:10Z The Impact of Dividend Payout Ratio on Future Earnings Growth: Evidence from Malaysia 2010-10-13 Khairul Zharif, Zaharudin Taufil Mohd, Kamarun Nisham College of Business (COB) College of Business HG Finance It is argued that the payout ratio has positive impact on future earnings growth as suggested by Arnott and Asness (2003) and Zhou and Ruland (2006). The aim of this study is to determine the impact of dividend payout ratio on future earnings growth in Malaysia. There was no study in Malaysia that emphasizes on the influence of dividend payout on future earnings growth. The study uses 97 listed companies on Bursa Malaysia as sample, with 485 company-year observations. The regression analysis shows that dividend payout ratio has no impact on future earnings growth. The nature of companies' ownership in Malaysia is the possible explanation for the results. 2010-10 Thesis https://etd.uum.edu.my/2662/ https://etd.uum.edu.my/2662/1/Khairul_Zharif_Zaharudin.pdf application/pdf eng validuser https://etd.uum.edu.my/2662/2/1.Khairul_Zharif_Zaharudin.pdf application/pdf eng public http://lintas.uum.edu.my:8080/elmu/index.jsp?module=webopac-l&action=fullDisplayRetriever.jsp&szMaterialNo=0000768305 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 Khairul Zharif, Zaharudin The Impact of Dividend Payout Ratio on Future Earnings Growth: Evidence from Malaysia
description	It is argued that the payout ratio has positive impact on future earnings growth as suggested by Arnott and Asness (2003) and Zhou and Ruland (2006). The aim of this study is to determine the impact of dividend payout ratio on future earnings growth in Malaysia. There was no study in Malaysia that emphasizes on the influence of dividend payout on future earnings growth. The study uses 97 listed companies on Bursa Malaysia as sample, with 485 company-year observations. The regression analysis shows that dividend payout ratio has no impact on future earnings growth. The nature of companies' ownership in Malaysia is the possible explanation for the results.
format	Thesis
qualification_name	masters
qualification_level	Master's degree
author	Khairul Zharif, Zaharudin
author_facet	Khairul Zharif, Zaharudin
author_sort	Khairul Zharif, Zaharudin
title	The Impact of Dividend Payout Ratio on Future Earnings Growth: Evidence from Malaysia
title_short	The Impact of Dividend Payout Ratio on Future Earnings Growth: Evidence from Malaysia
title_full	The Impact of Dividend Payout Ratio on Future Earnings Growth: Evidence from Malaysia
title_fullStr	The Impact of Dividend Payout Ratio on Future Earnings Growth: Evidence from Malaysia
title_full_unstemmed	The Impact of Dividend Payout Ratio on Future Earnings Growth: Evidence from Malaysia
title_sort	impact of dividend payout ratio on future earnings growth: evidence from malaysia
granting_institution	Universiti Utara Malaysia
granting_department	College of Business (COB)
publishDate	2010
url	https://etd.uum.edu.my/2662/1/Khairul_Zharif_Zaharudin.pdf https://etd.uum.edu.my/2662/2/1.Khairul_Zharif_Zaharudin.pdf
_version_	1747827399401144320

The Impact of Dividend Payout Ratio on Future Earnings Growth: Evidence from Malaysia

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