Corporate Dividend Policy and Behaviour: The Malaysian Experience

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Please use this identifier to cite or link to this item: http://hdl.handle.net/11718/420

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DC Field	Value	Language
dc.contributor.author	Pandey, I. M.
dc.date.accessioned	2009-09-02T04:21:41Z
dc.date.available	2009-09-02T04:21:41Z
dc.date.copyright	2001-11
dc.date.issued	2009-09-02T04:21:41Z
dc.identifier.uri	http://hdl.handle.net/11718/420
dc.description.abstract	This study examines corporate dividend behaviour of the Kuala Lumpur Stock Exchange (KLSE) companies. Our results show the influence of industry on payout ratios. Payout ratios also vary significantly across time. The results of multinomial logit analysis reveal that the dividend behaviour of the Malaysian companies is sensitive to the changes in earnings. Further, using Lintner’s framework and panel regression methodology, we find evidence of less stable dividend policies being pursued by the Malaysian companies. The results of the two-way fixed effects model reveal that there are strong individual firm and time effects in our data.	en
dc.language.iso	en	en
dc.relation.ispartofseries	WP;2001-11-01
dc.subject	Target payout	en
dc.subject	Dividend stability	en
dc.subject	Speed of adjustment	en
dc.title	Corporate Dividend Policy and Behaviour: The Malaysian Experience	en
dc.type	Working Paper	en
Appears in Collections:	Working Papers

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