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The Choice between Dividend and Share Repurchase

In: Studies On Financial Markets In East Asia

Author

Listed:
  • Mohamad Jais

    (Faculty of Economics and Business, Universiti Malaysia Sarawak, Malaysia)

Abstract

This paper examines the payout channel choice of listed firms in KLSE, paying particular attention to why some firms prefer to increase dividends while others prefer to repurchase only. The results indicate that higher prior income, more variability of prior income, and a higher level of retained earnings increase the likelihood that the firms will choose to pay out earnings through dividends. The analysis further indicates that some firms substitute repurchases for dividends.

Suggested Citation

  • Mohamad Jais, 2011. "The Choice between Dividend and Share Repurchase," World Scientific Book Chapters, in: Masayuki Susai & Shigeru Uchida (ed.), Studies On Financial Markets In East Asia, chapter 5, pages 75-88, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789814343374_0005
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