The impacts of climate change on the dividend payout policy : study on Malaysian public listed plantation firms

The impacts of climate change on the dividend payout policy : study on Malaysian public listed plantation firms

The purpose of this study is to investigate the influences of climate change and firm characteristics on Malaysian plantation companies’ dividend payout policy. The sample of this paper took 33 agro firms listed in Bursa Malaysia with 462 firm-year observations over the period of 2003 to 2016. Using...

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Main Author: Loo, Amanda Shin Chean
Format: Thesis
Language:eng
eng
Published: 2018
Subjects:
HG Finance
Online Access:https://etd.uum.edu.my/7857/1/s821901_01.pdf
https://etd.uum.edu.my/7857/2/s821901_02.pdf
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id my-uum-etd.7857
record_format uketd_dc
institution Universiti Utara Malaysia
collection UUM ETD
language eng
eng
advisor Alam, Md Mahmudul
topic HG Finance
spellingShingle HG Finance
Loo, Amanda Shin Chean
The impacts of climate change on the dividend payout policy : study on Malaysian public listed plantation firms
description The purpose of this study is to investigate the influences of climate change and firm characteristics on Malaysian plantation companies’ dividend payout policy. The sample of this paper took 33 agro firms listed in Bursa Malaysia with 462 firm-year observations over the period of 2003 to 2016. Using Robust Fixed Effects Model, the result of this paper indicates that El Nino positively and significantly influences dividend payout ratio, whereby flood is found to be insignificant positively in impacting Malaysian plantation companies’ dividend payout. Besides, firm size, liquidity and financial leverage of agro firms have positive linkage with dividend payout as well. However, profitability and growth opportunity are inversely related to dividend payout ratio. This research contributes to the literature based on the context of Malaysian plantation firms and delivers empirical evidence on the influences of climate change on financial adaptation of plantation firms, namely dividend payout. The findings of the study will be highly beneficial for capital market investors of agro-based companies through understanding about the adjustment of the climate change information in the stock market. The management of plantation companies will get an idea about the dividend need to pay related to the climatic events.
format Thesis
qualification_name masters
qualification_level Master's degree
author Loo, Amanda Shin Chean
author_facet Loo, Amanda Shin Chean
author_sort Loo, Amanda Shin Chean
title The impacts of climate change on the dividend payout policy : study on Malaysian public listed plantation firms
title_short The impacts of climate change on the dividend payout policy : study on Malaysian public listed plantation firms
title_full The impacts of climate change on the dividend payout policy : study on Malaysian public listed plantation firms
title_fullStr The impacts of climate change on the dividend payout policy : study on Malaysian public listed plantation firms
title_full_unstemmed The impacts of climate change on the dividend payout policy : study on Malaysian public listed plantation firms
title_sort impacts of climate change on the dividend payout policy : study on malaysian public listed plantation firms
granting_institution Universiti Utara Malaysia
granting_department Othman Yeop Abdullah Graduate School of Business
publishDate 2018
url https://etd.uum.edu.my/7857/1/s821901_01.pdf
https://etd.uum.edu.my/7857/2/s821901_02.pdf
_version_ 1747828278416113664
spelling my-uum-etd.78572021-08-09T08:37:56Z The impacts of climate change on the dividend payout policy : study on Malaysian public listed plantation firms 2018 Loo, Amanda Shin Chean Alam, Md Mahmudul Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HG Finance The purpose of this study is to investigate the influences of climate change and firm characteristics on Malaysian plantation companies’ dividend payout policy. The sample of this paper took 33 agro firms listed in Bursa Malaysia with 462 firm-year observations over the period of 2003 to 2016. Using Robust Fixed Effects Model, the result of this paper indicates that El Nino positively and significantly influences dividend payout ratio, whereby flood is found to be insignificant positively in impacting Malaysian plantation companies’ dividend payout. Besides, firm size, liquidity and financial leverage of agro firms have positive linkage with dividend payout as well. However, profitability and growth opportunity are inversely related to dividend payout ratio. This research contributes to the literature based on the context of Malaysian plantation firms and delivers empirical evidence on the influences of climate change on financial adaptation of plantation firms, namely dividend payout. The findings of the study will be highly beneficial for capital market investors of agro-based companies through understanding about the adjustment of the climate change information in the stock market. The management of plantation companies will get an idea about the dividend need to pay related to the climatic events. 2018 Thesis https://etd.uum.edu.my/7857/ https://etd.uum.edu.my/7857/1/s821901_01.pdf text eng public https://etd.uum.edu.my/7857/2/s821901_02.pdf text eng public https://sierra.uum.edu.my/record=b1699215~S1 masters masters Universiti Utara Malaysia Abdulkadir, R. I., Abdullah, N. A. H. & Wong, W. (2016). 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