Corporate governance and cash flow as determinants of dividend payout
This study investigates the relationship between corporate governance characteristics and operating cash flow, including control variables (leverage and firm size) with dividend payout on the 100 largest companies listed on Bursa Malaysia’s main board. It examines the roles of board size, CEO duali...
محفوظ في:
| المؤلف الرئيسي: | |
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| التنسيق: | أطروحة |
| اللغة: | eng eng |
| منشور في: |
2014
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| الموضوعات: | |
| الوصول للمادة أونلاين: | https://etd.uum.edu.my/4172/1/s812389.pdf https://etd.uum.edu.my/4172/2/s812389_abstract.pdf |
| الوسوم: |
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my-uum-etd.4172 |
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| record_format |
uketd_dc |
| institution |
Universiti Utara Malaysia |
| collection |
UUM ETD |
| language |
eng eng |
| advisor |
Ahmad, Norafifah |
| topic |
HG Finance |
| spellingShingle |
HG Finance Nor Hasmadila, Mukhtar Corporate governance and cash flow as determinants of dividend payout |
| description |
This study investigates the relationship between corporate governance characteristics and operating cash flow, including control variables (leverage and firm size) with
dividend payout on the 100 largest companies listed on Bursa Malaysia’s main board. It examines the roles of board size, CEO duality, individual ownership, managerial
ownership, operating cash flow, leverage and firm size in influencing dividend payout performance. In general, the study contributed to the literature on dividend payout
theory in Malaysia and supported the existing literature. Hence, the study used data of the 100 largest companies from all sectors are available in Bursa Malaysia but
excluded financial sector companies and missing data. Furthermore, this study covered the data in the year 2012 within Bursa Malaysia. This study finds a positive
relationship between board size, managerial ownership and operating cash flows. Managerial ownership and operating cash flows are significant, means it is strongly influenced dividend payout. Meanwhile, CEO duality, individual ownership and control variables (leverage and firm size) have a negative relationship with a dividend payout. These findings are consistent with previous studies by (Hafza & Mirza 2010; Zabihi & Ghaleb 2013). |
| format |
Thesis |
| qualification_name |
masters |
| qualification_level |
Master's degree |
| author |
Nor Hasmadila, Mukhtar |
| author_facet |
Nor Hasmadila, Mukhtar |
| author_sort |
Nor Hasmadila, Mukhtar |
| title |
Corporate governance and cash flow as determinants of dividend payout |
| title_short |
Corporate governance and cash flow as determinants of dividend payout |
| title_full |
Corporate governance and cash flow as determinants of dividend payout |
| title_fullStr |
Corporate governance and cash flow as determinants of dividend payout |
| title_full_unstemmed |
Corporate governance and cash flow as determinants of dividend payout |
| title_sort |
corporate governance and cash flow as determinants of dividend payout |
| granting_institution |
Universiti Utara Malaysia |
| granting_department |
Othman Yeop Abdullah Graduate School of Business |
| publishDate |
2014 |
| url |
https://etd.uum.edu.my/4172/1/s812389.pdf https://etd.uum.edu.my/4172/2/s812389_abstract.pdf |
| _version_ |
1747827692995084288 |
| spelling |
my-uum-etd.41722022-08-03T03:31:12Z Corporate governance and cash flow as determinants of dividend payout 2014-07 Nor Hasmadila, Mukhtar Ahmad, Norafifah Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduates School of Business HG Finance This study investigates the relationship between corporate governance characteristics and operating cash flow, including control variables (leverage and firm size) with dividend payout on the 100 largest companies listed on Bursa Malaysia’s main board. It examines the roles of board size, CEO duality, individual ownership, managerial ownership, operating cash flow, leverage and firm size in influencing dividend payout performance. In general, the study contributed to the literature on dividend payout theory in Malaysia and supported the existing literature. Hence, the study used data of the 100 largest companies from all sectors are available in Bursa Malaysia but excluded financial sector companies and missing data. Furthermore, this study covered the data in the year 2012 within Bursa Malaysia. This study finds a positive relationship between board size, managerial ownership and operating cash flows. Managerial ownership and operating cash flows are significant, means it is strongly influenced dividend payout. Meanwhile, CEO duality, individual ownership and control variables (leverage and firm size) have a negative relationship with a dividend payout. These findings are consistent with previous studies by (Hafza & Mirza 2010; Zabihi & Ghaleb 2013). 2014-07 Thesis https://etd.uum.edu.my/4172/ https://etd.uum.edu.my/4172/1/s812389.pdf text eng public https://etd.uum.edu.my/4172/2/s812389_abstract.pdf text eng public masters masters Universiti Utara Malaysia Abdelsalam, O., El-Masry, A., & Elsegini, S. (2008). Board composition, ownership structure and dividend policies in an emerging market. Managerial Finance, 34(12), 953-964. Abor, J., & Fiador, V. (2013). 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