Cover Image

The Effect of Dividend Policy on Share Prices of Bursa Malaysia Listed Companies

The effect of dividend policy on share price movement is one of the most hotly disputed topics in corporate finance. The share price has been the most common starting point for investors when make decision to buy share because it represents all aspects, both internal and external factors. There are...

Full description

Saved in:
Bibliographic Details
Main Author: Radziah, Halid
Format: Thesis
Language:English
English
Published: 2022
Subjects:
HG Finance
Online Access:https://etd.uum.edu.my/11114/1/depositpermission-827114.pdf
https://etd.uum.edu.my/11114/2/s827114_01.pdf
https://etd.uum.edu.my/11114/
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.uum.etd.11114
record_format eprints
spelling my.uum.etd.111142024-05-27T03:09:06Z https://etd.uum.edu.my/11114/ The Effect of Dividend Policy on Share Prices of Bursa Malaysia Listed Companies Radziah, Halid HG Finance The effect of dividend policy on share price movement is one of the most hotly disputed topics in corporate finance. The share price has been the most common starting point for investors when make decision to buy share because it represents all aspects, both internal and external factors. There are various empirical studies that researchers can refer to in order to examine and analyse the effect of dividend policy on share prices, however the results are inconsistent. This study is focused on this issue. The purpose of this study is to look at the effect of dividend policy on the share price of companies listed on the FTSE FBM100 index from 2011 through 2020. The dependent variable is share prices whereas dividend payout, dividend yield, return on invested capital, free cash flow yield, volume traded, and company size based on market capitalization are independent variables. The number of the samples in this study are 56 companies by using the regression model. According to the results of panel data regression model indicates that dividend payout has an insignificant effect on share prices, however, dividend yield has negative and significant effect on share price. Return on invested capital, volume traded, and company size by market capitalization are significant effect on share price while free cash flow yield is insignificantly effect. As a result, we find that dividend policy has considerable impact on share prices, demonstrating that dividend policy is important. The findings of this study are expected to serve as a reference for companies in establishing dividend policies that will improve company performance and for investors in considering whether it should retain, increase or decrease their stake in the company. 2022 Thesis NonPeerReviewed text en https://etd.uum.edu.my/11114/1/depositpermission-827114.pdf text en https://etd.uum.edu.my/11114/2/s827114_01.pdf Radziah, Halid (2022) The Effect of Dividend Policy on Share Prices of Bursa Malaysia Listed Companies. Masters thesis, Universiti Utara Malaysia.
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Electronic Theses
url_provider http://etd.uum.edu.my/
language English
English
topic HG Finance
spellingShingle HG Finance
Radziah, Halid
The Effect of Dividend Policy on Share Prices of Bursa Malaysia Listed Companies
description The effect of dividend policy on share price movement is one of the most hotly disputed topics in corporate finance. The share price has been the most common starting point for investors when make decision to buy share because it represents all aspects, both internal and external factors. There are various empirical studies that researchers can refer to in order to examine and analyse the effect of dividend policy on share prices, however the results are inconsistent. This study is focused on this issue. The purpose of this study is to look at the effect of dividend policy on the share price of companies listed on the FTSE FBM100 index from 2011 through 2020. The dependent variable is share prices whereas dividend payout, dividend yield, return on invested capital, free cash flow yield, volume traded, and company size based on market capitalization are independent variables. The number of the samples in this study are 56 companies by using the regression model. According to the results of panel data regression model indicates that dividend payout has an insignificant effect on share prices, however, dividend yield has negative and significant effect on share price. Return on invested capital, volume traded, and company size by market capitalization are significant effect on share price while free cash flow yield is insignificantly effect. As a result, we find that dividend policy has considerable impact on share prices, demonstrating that dividend policy is important. The findings of this study are expected to serve as a reference for companies in establishing dividend policies that will improve company performance and for investors in considering whether it should retain, increase or decrease their stake in the company.
format Thesis
author Radziah, Halid
author_facet Radziah, Halid
author_sort Radziah, Halid
title The Effect of Dividend Policy on Share Prices of Bursa Malaysia Listed Companies
title_short The Effect of Dividend Policy on Share Prices of Bursa Malaysia Listed Companies
title_full The Effect of Dividend Policy on Share Prices of Bursa Malaysia Listed Companies
title_fullStr The Effect of Dividend Policy on Share Prices of Bursa Malaysia Listed Companies
title_full_unstemmed The Effect of Dividend Policy on Share Prices of Bursa Malaysia Listed Companies
title_sort effect of dividend policy on share prices of bursa malaysia listed companies
publishDate 2022
url https://etd.uum.edu.my/11114/1/depositpermission-827114.pdf
https://etd.uum.edu.my/11114/2/s827114_01.pdf
https://etd.uum.edu.my/11114/
_version_ 1800725050836385792
score 13.211869

Similar Items