Determinant of dividend policy : evidence from Sarawak public listed companies

Dividend policy is an important decisions and well researched areas of Financial Management. However, there are very little research has been conducted in Malaysia, especially for Sarawak public listed companies. This research study investigates the detenninant driven dividend policy among Sarawak...

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Bibliographic Details
Main Author: Wong, Mee Nang
Format: Thesis
Language:English
Published: Universiti Malaysia Sarawak, (UNIMAS) 2012
Subjects:
Online Access:http://ir.unimas.my/id/eprint/10115/2/Mee%20%20%28fulltext%29.pdf
http://ir.unimas.my/id/eprint/10115/
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Summary:Dividend policy is an important decisions and well researched areas of Financial Management. However, there are very little research has been conducted in Malaysia, especially for Sarawak public listed companies. This research study investigates the detenninant driven dividend policy among Sarawak public listed companies in Main Market This study examines the effect of cOIP.orate profitability, sales growth, leverage, free cash flow, finn size, liquidity, market-to-book value and profit after tax toward dividend policy among Sarawak public listed companies. The study used dividend payout ratio as proxy of dividend policy. The 25 companies incorporated in Sarawak listed on Main Market in Bursa Malaysia for year 2006-2010 is investigated. The study conducts Kendall's tau b Correlation Test to test the relationship between independent and dependent variables. The findings revealed that there are significant negative relationship between leverage and finn size toward dividend policy. The study provides evidence that leverage is the most important considerations of dividend payout decisions among Sarawak public listed companies .