The impact of dividend policy and climate change on share price volatility : a study on the plantation sector of Malaysia

The objective of this research is to determine the impact of dividend policy and climate change on share price volatility on Malaysian Plantation sector companies listed on the Bursa Malaysia Main Board. The sample of this study consists of 33 Malaysian public listed plantation companies with 462 ob...

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Main Author:	Nirmal Kumaar, Mahindran
Format:	Thesis
Language:	eng eng
Published:	2018
Subjects:	HG Finance
Online Access:	https://etd.uum.edu.my/7841/1/s821906_01.pdf https://etd.uum.edu.my/7841/2/s821906_02.pdf
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id	my-uum-etd.7841
record_format	uketd_dc
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Alam, Md Mahmudul
topic	HG Finance
spellingShingle	HG Finance Nirmal Kumaar, Mahindran The impact of dividend policy and climate change on share price volatility : a study on the plantation sector of Malaysia
description	The objective of this research is to determine the impact of dividend policy and climate change on share price volatility on Malaysian Plantation sector companies listed on the Bursa Malaysia Main Board. The sample of this study consists of 33 Malaysian public listed plantation companies with 462 observations from the period of 2003 to 2016. To achieve the objective of this study, a panel data regression which is Fixed Effect model was used to analyse the dataset. Based on the regression results, it was found that dividend payout ratio (PAYOUT), dividend yield (DYIELD), market value (SIZE) and long-term debt (DEBT) negatively and significantly impacts share price volatility (PVOL). On the other hand, earnings volatility (EVOL) positively and significantly impacts share price volatility. Overall, all variables are significant to share price volatility except growth in assets (GROWTH) which is found to be negatively insignificant to share price volatility. Moreover, El Nino (ELN) and flood (FLD) which are found to be positively insignificant to share price volatility of Malaysian Plantations companies. Current results can be incorporated to the unoccupied literature field and can help as a foundational tip to the studies which will be carried out in the future.
format	Thesis
qualification_name	masters
qualification_level	Master's degree
author	Nirmal Kumaar, Mahindran
author_facet	Nirmal Kumaar, Mahindran
author_sort	Nirmal Kumaar, Mahindran
title	The impact of dividend policy and climate change on share price volatility : a study on the plantation sector of Malaysia
title_short	The impact of dividend policy and climate change on share price volatility : a study on the plantation sector of Malaysia
title_full	The impact of dividend policy and climate change on share price volatility : a study on the plantation sector of Malaysia
title_fullStr	The impact of dividend policy and climate change on share price volatility : a study on the plantation sector of Malaysia
title_full_unstemmed	The impact of dividend policy and climate change on share price volatility : a study on the plantation sector of Malaysia
title_sort	impact of dividend policy and climate change on share price volatility : a study on the plantation sector of malaysia
granting_institution	Universiti Utara Malaysia
granting_department	Othman Yeop Abdullah Graduate School of Business
publishDate	2018
url	https://etd.uum.edu.my/7841/1/s821906_01.pdf https://etd.uum.edu.my/7841/2/s821906_02.pdf
_version_	1747828275275628544
spelling	my-uum-etd.78412021-08-11T04:13:56Z The impact of dividend policy and climate change on share price volatility : a study on the plantation sector of Malaysia 2018 Nirmal Kumaar, Mahindran Alam, Md Mahmudul Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HG Finance The objective of this research is to determine the impact of dividend policy and climate change on share price volatility on Malaysian Plantation sector companies listed on the Bursa Malaysia Main Board. The sample of this study consists of 33 Malaysian public listed plantation companies with 462 observations from the period of 2003 to 2016. To achieve the objective of this study, a panel data regression which is Fixed Effect model was used to analyse the dataset. Based on the regression results, it was found that dividend payout ratio (PAYOUT), dividend yield (DYIELD), market value (SIZE) and long-term debt (DEBT) negatively and significantly impacts share price volatility (PVOL). On the other hand, earnings volatility (EVOL) positively and significantly impacts share price volatility. Overall, all variables are significant to share price volatility except growth in assets (GROWTH) which is found to be negatively insignificant to share price volatility. Moreover, El Nino (ELN) and flood (FLD) which are found to be positively insignificant to share price volatility of Malaysian Plantations companies. Current results can be incorporated to the unoccupied literature field and can help as a foundational tip to the studies which will be carried out in the future. 2018 Thesis https://etd.uum.edu.my/7841/ https://etd.uum.edu.my/7841/1/s821906_01.pdf text eng public https://etd.uum.edu.my/7841/2/s821906_02.pdf text eng public https://sierra.uum.edu.my/record=b1699300~S1 masters masters Universiti Utara Malaysia Ahmed, H., & Javid, A. Y. (2009). The determinants of dividend policy in Pakistan. International Research Journal of Finance and Economics, 29, 110-125. Alam, M. M., Taufique, K. M., & Sayal, A. (2017). Do climate changes lead to income inequality? Empirical study on the farming community in Malaysia. International Journal of Environment and Sustainable Development, 16(1), 43-59. Al-Kuwari, D. (2012). Are large shareholders conducting influential monitoring in emerging markets? An investigation into the impact of large shareholders on dividend decisions: The case of Kuwait. 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