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

Author

Listed:
  • Hussain Tahir
  • Ridzuan Masri
  • Mahfuzur Rahman

Abstract

This research paper scrutinizes to recognize the determinants of dividend pay-out. A total of 203 Malaysian non-financial firms representing from various industries were scrutinized over a period of fourteen financial years covering 2005 to 2018. The panel data form specified the time series and cross-sectional nature used for this research paper. Fixed effect and random effects description techniques were used for investigation. The outcomes reveal a statistically significant and positive association between corporate 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 insight to policy-makers of emerging economies interested in the development of the financial structure mechanism. This study guides companies in the structure and employment of dividend pay-out.

Suggested Citation

  • Hussain Tahir & Ridzuan Masri & Mahfuzur Rahman, 2020. "Determinants of Dividend Pay-Out Policy of Listed Non-financial Firms in Malaysia," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(2), pages 68-76, April.
    • Handle: RePEc:jfr:ijfr11:v:11:y:2020:i:2:p:68-76
    DOI: 10.5430/ijfr.v11n2p68
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    References listed on IDEAS

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