UUM Electronic Theses and Dissertation
UUM ETD | Universiti Utara Malaysian Electronic Theses and Dissertation
FAQs | Feedback | Search Tips | Sitemap

Dividend Policy and Share Price Volatility: Malaysia Evidence

Nor Anis, Shafai (2012) Dividend Policy and Share Price Volatility: Malaysia Evidence. Masters thesis, Universiti Utara Malaysia.

[thumbnail of NOR_ANIS_SHAFAI.pdf] Text
NOR_ANIS_SHAFAI.pdf
Restricted to Registered users only

Download (1MB) | Request a copy
[thumbnail of NOR_ANIS_SHAFAI.pdf]
Preview
Text
NOR_ANIS_SHAFAI.pdf

Download (448kB) | Preview

Abstract

The purpose of this study is to examine the relation between dividend policy and share price volatility on firms listed on the Bursa Malaysia Main Board. This study covers a period from 2001 until 2010 with 841 firms included overall sectors in Malaysia. The objectives of this are firstly to explore the dividend trends for the large sample of Malaysian companies that traded on Bursa Malaysia; secondly to examine the relation between dividend policy and share price changes in the Malaysia stock market and the third objective is to identify the influence of dividend payout, dividend yield, size, earning volatility, long-term debt and growth in assets on share price changes in the long run. All the results are tested at 0.05 significant levels. To achieve the objectives, multivariate regression is used to test the hypothesis. From the analysis, the result suggest that dividend yield, dividend payout, size, earning volatility, long-term debt on all firms sample have significant impact on the dividend policy and share price volatility which the findings are consistent with the earlier researcher such Baskin (1989) and Al-Malkawi (2007). On the other hand, growth in asset is insignificant with the share price volatility.

Item Type: Thesis (Masters)
Supervisor : Ahmad, Nor Hayati
Item ID: 3144
Subjects: H Social Sciences > HG Finance
Divisions: College of Business (COB)
Date Deposited: 12 Mar 2013 08:29
Last Modified: 20 Apr 2016 04:14
Department: College of Business
Name: Ahmad, Nor Hayati
URI: https://etd.uum.edu.my/id/eprint/3144

Actions (login required)

View Item
View Item