Devidend payment behaviour and its determinants: The Malaysian property sector

Disappearing dividend phenomenon remains unexplored in the Malaysian market. Therefore, this study investigates whether or not the phenomenon exists in the Malaysian property sector. This is achieved by observing dividend pattern in the sector between 2000 to 2013. The study investigates dividend pa...

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Main Author:	Fadhirul Hisham, Aziz
Format:	Thesis
Language:	eng eng
Published:	2014
Subjects:	HG Finance
Online Access:	https://etd.uum.edu.my/4641/1/s814428.pdf https://etd.uum.edu.my/4641/2/s814428_abstract.pdf
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id	my-uum-etd.4641
record_format	uketd_dc
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Abdullah, Nur Adiana Hiau
topic	HG Finance
spellingShingle	HG Finance Fadhirul Hisham, Aziz Devidend payment behaviour and its determinants: The Malaysian property sector
description	Disappearing dividend phenomenon remains unexplored in the Malaysian market. Therefore, this study investigates whether or not the phenomenon exists in the Malaysian property sector. This is achieved by observing dividend pattern in the sector between 2000 to 2013. The study investigates dividend payout in the sector further by examining the factors that influence companies‟ decision to pay or not to pay dividends. Trend analysis was used to describe the dividend pattern over the period while logistic regression analysis was conducted to determine the factors that influence companies‟ payout decisions. Findings revealed an upward trend in the amount of dividends distributed in the sector over the period as well as in the number of dividend payers. The study provides evidence of dividend concentration in the property sector of Bursa Malaysia as results shows that a large portion of dividend paid out for all the years come from the top 10 payers. As revealed by the findings, the explanatory factors for dividend payout decisions in the Malaysian property sector include dividend premium, retained earnings to total equity, profitability, size, leverage, and past year dividend. Thus, findings of the study provide support for catering theory, lifecycle theory and dividend smoothing theory. Findings indicate that investment opportunities and crisis do not play any significant role in explaining payout decisions in the sector
format	Thesis
qualification_name	masters
qualification_level	Master's degree
author	Fadhirul Hisham, Aziz
author_facet	Fadhirul Hisham, Aziz
author_sort	Fadhirul Hisham, Aziz
title	Devidend payment behaviour and its determinants: The Malaysian property sector
title_short	Devidend payment behaviour and its determinants: The Malaysian property sector
title_full	Devidend payment behaviour and its determinants: The Malaysian property sector
title_fullStr	Devidend payment behaviour and its determinants: The Malaysian property sector
title_full_unstemmed	Devidend payment behaviour and its determinants: The Malaysian property sector
title_sort	devidend payment behaviour and its determinants: the malaysian property sector
granting_institution	Universiti Utara Malaysia
granting_department	Othman Yeop Abdullah Graduate School of Business
publishDate	2014
url	https://etd.uum.edu.my/4641/1/s814428.pdf https://etd.uum.edu.my/4641/2/s814428_abstract.pdf
_version_	1747827771483095040
spelling	my-uum-etd.46412022-05-18T02:00:15Z Devidend payment behaviour and its determinants: The Malaysian property sector 2014 Fadhirul Hisham, Aziz Abdullah, Nur Adiana Hiau Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HG Finance Disappearing dividend phenomenon remains unexplored in the Malaysian market. Therefore, this study investigates whether or not the phenomenon exists in the Malaysian property sector. This is achieved by observing dividend pattern in the sector between 2000 to 2013. The study investigates dividend payout in the sector further by examining the factors that influence companies‟ decision to pay or not to pay dividends. Trend analysis was used to describe the dividend pattern over the period while logistic regression analysis was conducted to determine the factors that influence companies‟ payout decisions. Findings revealed an upward trend in the amount of dividends distributed in the sector over the period as well as in the number of dividend payers. The study provides evidence of dividend concentration in the property sector of Bursa Malaysia as results shows that a large portion of dividend paid out for all the years come from the top 10 payers. As revealed by the findings, the explanatory factors for dividend payout decisions in the Malaysian property sector include dividend premium, retained earnings to total equity, profitability, size, leverage, and past year dividend. Thus, findings of the study provide support for catering theory, lifecycle theory and dividend smoothing theory. Findings indicate that investment opportunities and crisis do not play any significant role in explaining payout decisions in the sector 2014 Thesis https://etd.uum.edu.my/4641/ https://etd.uum.edu.my/4641/1/s814428.pdf text eng public https://etd.uum.edu.my/4641/2/s814428_abstract.pdf text eng public masters masters Universiti Utara Malaysia Al-Khasawneh, J., Shariff, M., & Al-Zubi, K. (2012). Propensity to pay dividends: Evidence from the US banking sector. International Journal of Economics and Finance, 4(9), 130-141. Al-Malkawi, H. A. N. (2007). Determinants of corporate dividend policy in Jordan: An application of the Tobit model. Journal of Economic and Administrative Sciences, 23(2), 44-70. Al-Malkawi, H. A. N., Bhatti, M. I., & Magableh, S. I. (2014). On the dividend smoothing, signaling and the global financial crisis. Economic Modelling, 42, 159–165. Al-Twaijry, A. A. (2007). Dividend policy and payout ratio: Evidence from the Kuala Lumpur stock exchange. 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Devidend payment behaviour and its determinants: The Malaysian property sector

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