The impact of dividend policy on shareholders' wealth: evidence on Malaysia’s plantation listed companies performance / Muhammad Azmi Khir Allauddin

Allauddin, Muhammad Azmi Khir (2017) The impact of dividend policy on shareholders' wealth: evidence on Malaysia’s plantation listed companies performance / Muhammad Azmi Khir Allauddin. [Student Project] (Unpublished)


Dividend policy is one of the most controversial subjects in finance and dividend is always unpredictable in the residual policy due to the dividend is keeping growing followed by years. There is no consensus among researchers about the impact of dividend policy on share price. The objective of this research paper is to determine the impact of dividend policy on shareholders' wealth in Malaysia's food producer sector which is Malaysian plantation companies. By taking five independent variables (dividend pay-out ratio, earning volatility, growth in assets, liquidity and profitability) and companies performance as dependent variable which represented by the earnings per share. This research paper is aimed at analyzing Factors That Affecting Dividend policy On Companies Performance which focuses on Malaysian plantation sector. For this purpose, a sample of 8 companies from Malaysian plantation companies listed in main market Bursa Malaysia was selected. This research paper is applying multiple regressions for a period of 6 years from 2008 - 2013 Thus, the total number of observations is 46 after doing some changes. In this research, the data was collected in term of secondary data which taken from the sources of Thomson Reuters DataStream. In this research, panel data are used. Panel data is the method with the combination of cross sectional data and time series data. There are 44 companies in Malaysia's listed in plantation sector. However, the total of 8 was companies chosen in this research due to the not available data or information as well as there are no dividend pay-out s between the research periods which are between years 2008 to year 2013.


Item Type: Student Project
Email / ID Num.
Allauddin, Muhammad Azmi Khir
Email / ID Num.
Thesis advisor
Mohamad Hassan, Nadia Nurul Najwa
Subjects: H Social Sciences > HG Finance > Financial management. Business finance. Corporation finance > Dividends. Stock dividends. Dividend reinvestment
Divisions: Universiti Teknologi MARA, Johor > Segamat Campus > Faculty of Business and Management
Programme: Bachelor of Business Administration (HONS) Investment Management
Keywords: Dividend policy
Date: 2017
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