Dividend behavior in Malaysia

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Please use this identifier to cite or link to this item: http://hdl.handle.net/11718/1827

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DC Field	Value	Language
dc.contributor.author	Sing, Lok Kong
dc.contributor.author	Gupta, G. S.
dc.date.accessioned	2010-03-31T04:06:22Z
dc.date.available	2010-03-31T04:06:22Z
dc.date.copyright	1994-10
dc.date.issued	2010-03-31T04:06:22Z
dc.identifier.uri	http://hdl.handle.net/11718/1827
dc.description.abstract	The paper estimates the dividend behaviour model for Malaysia using the annual time series data for the period 1983 to 1992, and the cross-section data for the 23 selected firms representing various sectors of the economy. The results have good fits, and they indicate that the current earnings and previous year s dividend are the only two universal and significant explanatory variables for dividend, and thus they support the Lintner s model. Depreciation and the two period change in sales have assumed the correctly singed and significant coefficients only in a few cases. The average value of the earnings multiplier is found to be 0.31 and that of the lagged dividend 0.38, the latter implying an adjustment coefficient of 0.62.	en
dc.language.iso	en	en
dc.relation.ispartofseries	WP;1994/1217
dc.subject	Dividend policy	en
dc.title	Dividend behavior in Malaysia	en
dc.type	Working Paper	en
Appears in Collections:	Working Papers

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