EMPIRICAL ANALYSIS OF DETERMINANTS OF DIVIDEND PAYMENT: PROFITABILITY AND LIQUIDITY Norhayati Mohamed, have Shu Hui, Normah Hj. Omar, Rashidah Abdul Rahman, Norazam Mastuki, Maz Ainy Abdul Azis, Shazelina Zakaria chronicle Research Institute &Faculty of Accountancy, Universiti Teknologi MARA, 40450 Shah Alam, Selangor, Malaysia. Phone: +603-5544-4975 netmail: weesh411@salam.uitm.edu.my; wee.shu.hui@gmail.com 1 solicit: This paper empirically analyzed the determinants of dividend remuneration for the top cc companies in terms of market capitalization, listed on the Malaysian cope market. Large firms were chosen to increase the likeliness of capturing dividend payers. The findings showed that firms paid away on average, about 40 percentage of their earnings as dividends. Furthermore, a quarter of their operating cash in flow was apply to pay dividend. Lastly, the study confirms the fact that lucrativeness and liquidity were essential determinants of dividen d payment. Note: We would like to thank the minority Sh atomic number 18holder guard dog Group (MSWG) of Malaysia for their collaboration. The info collected for this study was part of a collaborative influence between MSWG and UiTM. 2 INTRODUCTION The topic of dividend has been extensively studied.
thus far it remained as one of the most controversial subjects in Finance. Studies in the past have covered many facets of dividends; among them are set up of dividend payment on firm value, solid grounds for paying dividends, determinants of dividend policy, and dividend trends, among others. in bitchine ss of the many theories and models put forth! to explain the dividend phenomena, empirical archives is necessary to establish the practice of theoretical concepts. Such reason as documented through statistical tests would confirm the relevance of theories or dispel them as myths. Problem Statement In Malaysia, dividend payment matters. Several studies have shown that an announcement of dividend increase (decrease) was followed by an...If you want to get a full essay, order it on our website: BestEssayCheap.com
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