Intra-industry comformity in dividend policy in Malaysia
The topic on determinants of dividend policy has remained as a hot topic even though much relevant research had conducted. Every company wishes to increase their company's value by having a suitable dividend policy. The dividend policy of a company may be affected by other industry players due...
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my.uum.etd.55612021-03-29T09:54:08Z http://etd.uum.edu.my/5561/ Intra-industry comformity in dividend policy in Malaysia Teh, Yen Kai HG Finance The topic on determinants of dividend policy has remained as a hot topic even though much relevant research had conducted. Every company wishes to increase their company's value by having a suitable dividend policy. The dividend policy of a company may be affected by other industry players due to the similar business environment. Besides, dividend decision can convey message to public about its performance which may indirectly affect a company's share price. Intra-industry effect on dividend policy was identified outside Malaysia. Since dividend is a crucial decision to a company, the same research should be conducted in Malaysia. The main purpose of this paper is to test the intra-industry effect on dividend policy in Malaysian market. In order to explore the influence of intra-industry effect, the logistic regression was performed by using the variables that may affect the probability of a company to pay dividend. The findings revealed a significant positive relationship between probability of a company paying a dividend and number of companies within plantation industry that pay a dividend. However, there is an insignificant relationship between probability of a company paying a dividend and number of companies within construction industry that pay a dividend. Overall, the findings support the view of intra-industry conformity in dividend policy in Malaysia. Thus, the intra-industry effect should be considered as one of the determinants in dividend policy. The findings are useful not only for investors but the company as well 2015 Thesis NonPeerReviewed text en /5561/1/s812941_01.pdf text en /5561/2/s812941_02.pdf Teh, Yen Kai (2015) Intra-industry comformity in dividend policy in Malaysia. Masters thesis, Universiti Utara Malaysia. |
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Malaysia |
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HG Finance Teh, Yen Kai Intra-industry comformity in dividend policy in Malaysia |
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The topic on determinants of dividend policy has remained as a hot topic even though much relevant research had conducted. Every company wishes to increase their company's value by having a suitable dividend policy. The dividend policy of a company may be affected by other industry players due to the similar business
environment. Besides, dividend decision can convey message to public about its performance which may indirectly affect a company's share price. Intra-industry effect on dividend policy was identified outside Malaysia. Since dividend is a crucial decision to a company, the same research should be conducted in Malaysia. The main purpose of this paper is to test the intra-industry effect on dividend policy in Malaysian market. In order to explore the influence of intra-industry effect, the logistic regression was performed by using the variables that may affect the probability of a company to pay dividend. The findings revealed a significant positive relationship between probability of a company paying a dividend and number of companies within plantation industry that pay a dividend. However, there is an insignificant relationship between probability of a company paying a dividend and number of companies within construction industry that pay a dividend. Overall, the findings support the view of intra-industry conformity in dividend policy in Malaysia. Thus, the intra-industry effect should be considered as one of the determinants in dividend policy. The findings are useful not only for investors but the company as well |
| format |
Thesis |
| author |
Teh, Yen Kai |
| author_facet |
Teh, Yen Kai |
| author_sort |
Teh, Yen Kai |
| title |
Intra-industry comformity in dividend policy in Malaysia |
| title_short |
Intra-industry comformity in dividend policy in Malaysia |
| title_full |
Intra-industry comformity in dividend policy in Malaysia |
| title_fullStr |
Intra-industry comformity in dividend policy in Malaysia |
| title_full_unstemmed |
Intra-industry comformity in dividend policy in Malaysia |
| title_sort |
intra-industry comformity in dividend policy in malaysia |
| publishDate |
2015 |
| url |
http://etd.uum.edu.my/5561/ |
| _version_ |
1696978292009074688 |
| score |
13.250246 |