Herding behavior in dividend policy: case study of Malaysia

Herding behavior in dividend policy: case study of Malaysia

The purpose of this study is to prove the existence of the herding behavior in dividend policy and the tendencies of one company to follow others in the same industry in Malaysia. Consistent with previous research, this paper explores imitative influence on dividend policy in Malaysia. It will prov...

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Main Author: Nurul Nadiah, Rusle
Format: Thesis
Language:eng
eng
Published: 2013
Subjects:
HG Finance
Online Access:https://etd.uum.edu.my/5208/1/s805102.pdf
https://etd.uum.edu.my/5208/2/s805102_abstract.pdf
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id my-uum-etd.5208
record_format uketd_dc
institution Universiti Utara Malaysia
collection UUM ETD
language eng
eng
advisor Ghazali, Zahiruddin
topic HG Finance
spellingShingle HG Finance
Nurul Nadiah, Rusle
Herding behavior in dividend policy: case study of Malaysia
description The purpose of this study is to prove the existence of the herding behavior in dividend policy and the tendencies of one company to follow others in the same industry in Malaysia. Consistent with previous research, this paper explores imitative influence on dividend policy in Malaysia. It will prove whether there is herding behavior in the dividend policy or not. The result shows that the imitative influence, herding behavior or intra-industry conformity in dividend policy exist in Malaysia. More than 80 percent of the responded companies in trade and services industry are paying dividend to their shareholder. This result also indicates that there is similarity in dividend payout among firms in the same industry. Overall, the results are consistent with imitation in dividend policy. This study documents the relevance of social imitation mechanism behind dividend payout behavior and therefore it will adds to the current knowledge of the existence of herding behavior in Malaysia
format Thesis
qualification_name masters
qualification_level Master's degree
author Nurul Nadiah, Rusle
author_facet Nurul Nadiah, Rusle
author_sort Nurul Nadiah, Rusle
title Herding behavior in dividend policy: case study of Malaysia
title_short Herding behavior in dividend policy: case study of Malaysia
title_full Herding behavior in dividend policy: case study of Malaysia
title_fullStr Herding behavior in dividend policy: case study of Malaysia
title_full_unstemmed Herding behavior in dividend policy: case study of Malaysia
title_sort herding behavior in dividend policy: case study of malaysia
granting_institution Universiti Utara Malaysia
granting_department Othman Yeop Abdullah Graduate School of Business
publishDate 2013
url https://etd.uum.edu.my/5208/1/s805102.pdf
https://etd.uum.edu.my/5208/2/s805102_abstract.pdf
_version_ 1776103673722568704
spelling my-uum-etd.52082023-02-02T02:53:49Z Herding behavior in dividend policy: case study of Malaysia 2013 Nurul Nadiah, Rusle Ghazali, Zahiruddin Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HG Finance The purpose of this study is to prove the existence of the herding behavior in dividend policy and the tendencies of one company to follow others in the same industry in Malaysia. Consistent with previous research, this paper explores imitative influence on dividend policy in Malaysia. It will prove whether there is herding behavior in the dividend policy or not. The result shows that the imitative influence, herding behavior or intra-industry conformity in dividend policy exist in Malaysia. More than 80 percent of the responded companies in trade and services industry are paying dividend to their shareholder. This result also indicates that there is similarity in dividend payout among firms in the same industry. 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