The effects of family involvement on dividend payout in Malaysian public listed firm

This study attempts to examine the relationship of family ownership, family involvement on management and board size on dividend payout ratio. 100 firms from the selected sector in Main Market Bursa Malaysia that consists of 40 family firms and 60 non-family firms are adopted as sample of study from...

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Main Author:	Muhd Khairul Razin, Razak
Format:	Thesis
Language:	eng eng eng eng
Published:	2019
Subjects:	HF5549-5549.5 Personnel Management Employment
Online Access:	https://etd.uum.edu.my/8511/1/DepositPermission_s823258.pdf https://etd.uum.edu.my/8511/2/S823258_01.pdf https://etd.uum.edu.my/8511/3/S823258_02.pdf https://etd.uum.edu.my/8511/4/s823258_references.docx
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id	my-uum-etd.8511
record_format	uketd_dc
spelling	my-uum-etd.85112021-08-01T06:24:56Z The effects of family involvement on dividend payout in Malaysian public listed firm 2019 Muhd Khairul Razin, Razak Kadir @ Shahar, Hanita School of Economics, Finance & Banking School of Economics, Finance & Banking HF5549-5549.5 Personnel Management. Employment This study attempts to examine the relationship of family ownership, family involvement on management and board size on dividend payout ratio. 100 firms from the selected sector in Main Market Bursa Malaysia that consists of 40 family firms and 60 non-family firms are adopted as sample of study from the period of 2015 until 2018. Research questions are answered through analysing data from descriptive analysis, Ordinary Least Square (OLS) regression and Panel data regressions (fixed and random effect). This study shows significant positive relationships between family ownership, board size and dividend payout. Meanwhile, family involvement and the firm’s leverage are found to have negative relationship with dividend payout. The study provides insights into corporate finance and governance literature on family ownership firm and family involvement in the management in the context of companies’ payout policies. Besides, the findings is beneficial to a few parties such as investors who aims for investing in high dividend payout firm. Policy makers in Malaysia such as Securities Commissions and Minority Shareholder Watchdog Group (MSWG) can monitor or improve the guideline for the high family-owned firms in order to protect the interests of minority shareholders. 2019 Thesis https://etd.uum.edu.my/8511/ https://etd.uum.edu.my/8511/1/DepositPermission_s823258.pdf text eng staffonly https://etd.uum.edu.my/8511/2/S823258_01.pdf text eng staffonly https://etd.uum.edu.my/8511/3/S823258_02.pdf text eng staffonly https://etd.uum.edu.my/8511/4/s823258_references.docx text eng public other masters Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng eng eng
advisor	Kadir @ Shahar, Hanita
topic	HF5549-5549.5 Personnel Management Employment
spellingShingle	HF5549-5549.5 Personnel Management Employment Muhd Khairul Razin, Razak The effects of family involvement on dividend payout in Malaysian public listed firm
description	This study attempts to examine the relationship of family ownership, family involvement on management and board size on dividend payout ratio. 100 firms from the selected sector in Main Market Bursa Malaysia that consists of 40 family firms and 60 non-family firms are adopted as sample of study from the period of 2015 until 2018. Research questions are answered through analysing data from descriptive analysis, Ordinary Least Square (OLS) regression and Panel data regressions (fixed and random effect). This study shows significant positive relationships between family ownership, board size and dividend payout. Meanwhile, family involvement and the firm’s leverage are found to have negative relationship with dividend payout. The study provides insights into corporate finance and governance literature on family ownership firm and family involvement in the management in the context of companies’ payout policies. Besides, the findings is beneficial to a few parties such as investors who aims for investing in high dividend payout firm. Policy makers in Malaysia such as Securities Commissions and Minority Shareholder Watchdog Group (MSWG) can monitor or improve the guideline for the high family-owned firms in order to protect the interests of minority shareholders.
format	Thesis
qualification_name	other
qualification_level	Master's degree
author	Muhd Khairul Razin, Razak
author_facet	Muhd Khairul Razin, Razak
author_sort	Muhd Khairul Razin, Razak
title	The effects of family involvement on dividend payout in Malaysian public listed firm
title_short	The effects of family involvement on dividend payout in Malaysian public listed firm
title_full	The effects of family involvement on dividend payout in Malaysian public listed firm
title_fullStr	The effects of family involvement on dividend payout in Malaysian public listed firm
title_full_unstemmed	The effects of family involvement on dividend payout in Malaysian public listed firm
title_sort	effects of family involvement on dividend payout in malaysian public listed firm
granting_institution	Universiti Utara Malaysia
granting_department	School of Economics, Finance & Banking
publishDate	2019
url	https://etd.uum.edu.my/8511/1/DepositPermission_s823258.pdf https://etd.uum.edu.my/8511/2/S823258_01.pdf https://etd.uum.edu.my/8511/3/S823258_02.pdf https://etd.uum.edu.my/8511/4/s823258_references.docx
_version_	1747828405089337344

The effects of family involvement on dividend payout in Malaysian public listed firm

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