Dividend Policy and payout practices in Malaysia: A qualitative analysis
Since stock prices reflect the firm's future earnings potentials (Miller and Rock, 1985), dividends announcements therefore convey new information to the market about the future prospects of the corporation. As such, the objective of the current study is to examine the potential role that divid...
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| Veröffentlicht in: | Journal of accounting, finance and auditing studies finance and auditing studies, 2019-01, Vol.5 (1), p.226-240 |
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| creator | Omar, Mohammed Mispah Said |
| description | Since stock prices reflect the firm's future earnings potentials (Miller and Rock, 1985), dividends announcements therefore convey new information to the market about the future prospects of the corporation. As such, the objective of the current study is to examine the potential role that dividend payouts play in influencing the fund managers and investors in recommending or selecting a stock, and for various stocks' performance assessment. In addition, the study attempts to examine the possible effect of taxation on dividends payout. The study uses qualitative methods in form of semistructured interviews conducted with six Malaysian investment managers. The findings revealed that dividend payouts are not solely used as a basis for stock recommendation and assessment of companies' performance by fund managers in Malaysia. Furthermore, taxation was found to be significant in determining dividend payouts by companies in Malaysia. These findings have great contributions to the dividend policy theory, as well as to the practitioners and policy makers that are discussed in details at the end of the paper. |
| doi_str_mv | 10.32602/jafas.2019.11 |
| format | Article |
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| source | DOAJ Directory of Open Access Journals; Elektronische Zeitschriftenbibliothek - Frei zugängliche E-Journals |
| subjects | Capital structure Cash flow Corporate objectives Debt restructuring Decision making Dividend distributions Dividend policy Equity financing Investment advisors Prices Profitability Profits Stock prices Stockholders Taxation |
| title | Dividend Policy and payout practices in Malaysia: A qualitative analysis |
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