Tech Stocks and Dividend Policy in Malaysia
Keywords:Dividend policy, ,Technological corporation, Malaysia
Malaysia is a developing country, and the capital market is evolving here more than in other emerging markets. Literature on dividend policy has generated extensive theoretical and empirical research, but no broad consensus has emerged after decades of research. The sole determination of this study is to determine the factors affecting the dividend policy of technology stocks listed in Bursa Malaysia. The paper attempts to present the primary studies on dividend policy to provide a thorough understanding of technology corporations’ payout practices in Malaysia and reaches inconclusive evidence.
R. L. Porta, F. Lopez-de-Silanes, A. Shleifer, and R. W. Vishny, “Law and Finance,” Journal of Political Economy, Vol. 106(6), pp. 1113-1155, 1998.
P. Lahiri, and I. Chakraborty, “Explaining dividend gap between R&D and non-R&D Indian companies in the post-reform period,” Research in International Business and Finance, Vol. 30, pp. 268-283, 2014.
S. Banerjee, V. A. Gatchev, and P. A. Spindt, “Stock market liquidity and firm dividend policy,” The Journal of Financial and Quantitative Analysis, Vol. 42(2), pp. 369-397, 2007.
N. U. Khan, Q. Ul Ain, S. Jehan, and A. Shah, “Impact of taxation on dividend policy: Evidence from pakistan,” Research in International Business and Finance, Vol. 42, pp. 365-375, 2017.
A. Dhanani, “Corporate dividend policy: The views of British financial managers,” Journal of Business Finance & Accounting, Vol. 32(7‐8), pp. 1625-1672, 2005.
J. Lintner, “Distribution of incomes of corporations among dividends, retained earnings, and taxes,” The American Economic Review, Vol. 46(2), pp. 97-113, 1956.
S. O. Mokaya, D. M. Nyang’ara, and L. T. James, “The effect of dividend policy on market share value in the banking industry: The case of National Bank of Kenya,” International Journal of Arts and Commerce, Vol. 2(2), pp. 91-101, 2013.
T. M. Murekefu, and, O. P. Ouma, “The relationship between dividend payout and firm performance: A study of listed companies in Kenya,” European Scientific Journal, Vol. 8(9), pp. 199-215.
Z. Zakaria, J. Muhammad, and A. H. Zulkifli, “The Impact of dividend policy on the share price volatility: Malaysian construction and material companies,” International Journal of Economics and Management, Vol. 2(5), PP. 1-8, 2012.
M. Hashemijoo, A. M. Ardekani, and N. Younesi, “The impact of dividend policy on share price volatility in the Malaysian stock market,” Journal of Business Studies Quarterly, Vol. 4(1), pp. 111-129, 2012.
O. J. Ilaboya, and M. Aggreh, “Dividend policy and share price volatility,” Journal Asian Development Study, Vol. 2(2), pp. 109-122, 2013.
J, Chauhan, M. S. Ansari, M. Taqi, and M. Ajmal, “Dividend policy and its impact on performance of Indian information technology companies,” International Journal of Finance and Accounting, Vol. 8(1), pp. 36-42, 2019.
S. Kim, and J. Seo, “A study on dividend determinants for Korea’s information technology firms,” Asian Academy of Management Journal of Accounting and Finance, Vol. 10(2), pp. 1-12, 2014.
I. M. Pandey, “Corporate dividend policy and behaviour: The Malaysian evidence,” Asian Academy of Management Journal, Vol. 8(1), pp. 17–32, 2003.
H. Zameer, S. Rasool, S. Iqbal, and U. Arshad, “Determinants of dividend policy: A case of banking sector in Pakistan,” Middle-East Journal of Scientific Research, Vol. 18(3), pp. 410-424, 2013.
H. N. Al-Malkawi, M. Rafferty, and R. Pillai, “Dividend policy: A review of theories and empirical evidence,” International Bulleting of Business Administration, Vol. 9, pp. 171-200, 2010.
P. Sinnadurai, R. Subramaniam, and S. Devi, “The influence of government shareholding on dividend policy in Malaysia,” International Journal of Financial Studies, Vol. 9(3), pp. 1-28, 2021.
How to Cite
Copyright (c) 2023 AlamBiblilo Publishers
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
The Asian Journal of Electrical and Electronic Engineering journal is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.