Determinants of Dividend Pay-Out Policy of Listed Non-financial Firms in Malaysia

Tahir, Hussain and Masri, Ridzuan and Rahman, Mahfuzur (2020) Determinants of Dividend Pay-Out Policy of Listed Non-financial Firms in Malaysia. International Journal of Financial Research, 11 (2). pp. 68-76. ISSN 1923-4023

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Official URL: https://doi.org/10.5430/ijfr.v11n2p68

Abstract

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.

Item Type: Article
Uncontrolled Keywords: Dividends policy; non-financial companies; board size; board diversity; financial leverage
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HF Commerce
Divisions: Faculty of Business and Accountancy
Depositing User: Ms. Juhaida Abd Rahim
Date Deposited: 16 Jun 2020 03:08
Last Modified: 16 Jun 2020 03:08
URI: http://eprints.um.edu.my/id/eprint/24849

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