Determinant of dividend payout ratio: Evidence from public listed companies in Malaysia

Determinant of dividend payout ratio: Evidence from public listed companies in Malaysia

This dissertation examines the determinants of dividend payout ratio of 139 public listed companies in Malaysia over the period 2001 to 2014. Data are collected from DataStream database and analysed using Ordinary Least Squares (OLS). Dividend payout ratio is measured by dividend value divided by t...

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Main Author: Muhammad Taufiq, Harun
Format: Thesis
Language:eng
eng
Published: 2016
Subjects:
HG Finance
Online Access:https://etd.uum.edu.my/5551/1/s814434_01.pdf
https://etd.uum.edu.my/5551/2/s814434_02.pdf
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id my-uum-etd.5551
record_format uketd_dc
institution Universiti Utara Malaysia
collection UUM ETD
language eng
eng
advisor Abdul Adzis, Azira
topic HG Finance
spellingShingle HG Finance
Muhammad Taufiq, Harun
Determinant of dividend payout ratio: Evidence from public listed companies in Malaysia
description This dissertation examines the determinants of dividend payout ratio of 139 public listed companies in Malaysia over the period 2001 to 2014. Data are collected from DataStream database and analysed using Ordinary Least Squares (OLS). Dividend payout ratio is measured by dividend value divided by total asset, while the determinant variables are size, profitability, cash flow, sales growth, leverage ratio and historical growth. The findings demonstrate that size, profitability, leverage ratio and historical growth influence the dividend payout ratio of Malaysian public listed companies in the period studied. Size negatively influence dividend payout ratio, profitability positively influence dividend payout ratio, leverage ratio has a positive relationship with the dividend payout ratio and lastly historical growth negatively determine dividend payout ratio. This implies that in Malaysia, bigger size companies pays less dividend, more profitable companies pay more dividend, higher leverage companies pay more dividend and finally, lower growth companies pay higher dividend
format Thesis
qualification_name masters
qualification_level Master's degree
author Muhammad Taufiq, Harun
author_facet Muhammad Taufiq, Harun
author_sort Muhammad Taufiq, Harun
title Determinant of dividend payout ratio: Evidence from public listed companies in Malaysia
title_short Determinant of dividend payout ratio: Evidence from public listed companies in Malaysia
title_full Determinant of dividend payout ratio: Evidence from public listed companies in Malaysia
title_fullStr Determinant of dividend payout ratio: Evidence from public listed companies in Malaysia
title_full_unstemmed Determinant of dividend payout ratio: Evidence from public listed companies in Malaysia
title_sort determinant of dividend payout ratio: evidence from public listed companies in malaysia
granting_institution Universiti Utara Malaysia
granting_department School of Economics, Finance & Banking
publishDate 2016
url https://etd.uum.edu.my/5551/1/s814434_01.pdf
https://etd.uum.edu.my/5551/2/s814434_02.pdf
_version_ 1776103678619418624
spelling my-uum-etd.55512023-03-09T02:42:14Z Determinant of dividend payout ratio: Evidence from public listed companies in Malaysia 2016 Muhammad Taufiq, Harun Abdul Adzis, Azira School of Economics, Finance & Banking Othman Yeop Abdullah Graduate School of Business HG Finance This dissertation examines the determinants of dividend payout ratio of 139 public listed companies in Malaysia over the period 2001 to 2014. Data are collected from DataStream database and analysed using Ordinary Least Squares (OLS). Dividend payout ratio is measured by dividend value divided by total asset, while the determinant variables are size, profitability, cash flow, sales growth, leverage ratio and historical growth. The findings demonstrate that size, profitability, leverage ratio and historical growth influence the dividend payout ratio of Malaysian public listed companies in the period studied. Size negatively influence dividend payout ratio, profitability positively influence dividend payout ratio, leverage ratio has a positive relationship with the dividend payout ratio and lastly historical growth negatively determine dividend payout ratio. This implies that in Malaysia, bigger size companies pays less dividend, more profitable companies pay more dividend, higher leverage companies pay more dividend and finally, lower growth companies pay higher dividend 2016 Thesis https://etd.uum.edu.my/5551/ https://etd.uum.edu.my/5551/1/s814434_01.pdf text eng public https://etd.uum.edu.my/5551/2/s814434_02.pdf text eng public masters masters Universiti Utara Malaysia Abreu, J. F., & Gulamhussen, M. A. (2013). Dividend payouts: Evidence from U.S. bank holding companies in the context of the financial crisis. Journal of Corporate Finance, 22, 54–65. Adil, C. M., Zafar, N., & Yaseen, N. (2011). Empirical Analysis of Determinants of Dividend Payout : Profitability and Liquidity. 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