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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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Main Author: Teh, Yen Kai
Format: Thesis
Language:English
English
Published: 2015
Subjects:
HG Finance
Online Access:http://etd.uum.edu.my/5561/
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spelling 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.
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
Teh, Yen Kai
Intra-industry comformity in dividend policy in Malaysia
description 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 13.211869

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