Determinants of Dividend Pay-Out Policy of Listed Non-financial Firms in Malaysia
This research paper scmtinizes to recogoize the detemiinants of dividend pay-out. A total of 203 Malaysian non-fiiiancial firms representing from various iiidustries were scrutinized over a period of foiirteen fiiiancial years covering 2005 to 2018. The panel data forni specified the tiine series an...
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| Main Authors: | , , |
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| Format: | Article |
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Sciedu Press
2020
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| Online Access: | http://eprints.um.edu.my/24849/ https://doi.org/10.5430/ijfr.v11n2p68 |
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| Summary: | This research paper scmtinizes to recogoize the detemiinants of dividend pay-out. A total of 203 Malaysian non-fiiiancial firms representing from various iiidustries were scrutinized over a period of foiirteen fiiiancial years covering 2005 to 2018. The panel data forni specified the tiine series and cross-sectiooal nature used for this research paper. Fixed effect and randoni effects description techniques were used for investigation. The outcomes reveal a statistically significant and positive association between coiporate board size. ROA and dividend pay-out. However. financial leverage has a negative and significant relationship with dividend policies. But the study reveals a statistically insignificant and positive relationship between board diversity and dividend pay-out. This paper suggestions insiglit to policy-makers of emerging econoniies interested in the developnient of the financial structure niechanism. This study guides companies in the structure and employnient of dividend pay-out. © 2020 Sciedu Press. |
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