Dividend payout of the property firms in malaysia
This study examines the dividend payout practices of the listed property firms in Malaysia from 1995 to 2005. The results show that dividend payments are less sticky and firms have to cut dividend payments as the operating risk increases, measured by cash flow volatility. Family ownership has a sign...
| Published in: | Pacific Rim Property Research Journal |
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| Format: | Article |
| Language: | English |
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2007
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| Online Access: | https://www.scopus.com/inward/record.uri?eid=2-s2.0-84905994314&doi=10.1080%2f14445921.2007.11104241&partnerID=40&md5=13279b7fb6e8eeefeabe1d5725853415 |
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2-s2.0-84905994314 Ameer R. Dividend payout of the property firms in malaysia 2007 Pacific Rim Property Research Journal 13 4 10.1080/14445921.2007.11104241 https://www.scopus.com/inward/record.uri?eid=2-s2.0-84905994314&doi=10.1080%2f14445921.2007.11104241&partnerID=40&md5=13279b7fb6e8eeefeabe1d5725853415 This study examines the dividend payout practices of the listed property firms in Malaysia from 1995 to 2005. The results show that dividend payments are less sticky and firms have to cut dividend payments as the operating risk increases, measured by cash flow volatility. Family ownership has a significant positive effect on the dividend policy of property firms which seems to suggest that these firms use dividend policy to reduce agency conflicts. Related diversification of the property firms has a significant influence on the dividend payout of the firms. These results contribute to the corporate governance and ownership literature in the emerging markets. © 2007 Pacific Rim Property Research Journal. All rights reserved. 14445921 English Article |
| author |
Ameer R. |
| spellingShingle |
Ameer R. Dividend payout of the property firms in malaysia |
| author_facet |
Ameer R. |
| author_sort |
Ameer R. |
| title |
Dividend payout of the property firms in malaysia |
| title_short |
Dividend payout of the property firms in malaysia |
| title_full |
Dividend payout of the property firms in malaysia |
| title_fullStr |
Dividend payout of the property firms in malaysia |
| title_full_unstemmed |
Dividend payout of the property firms in malaysia |
| title_sort |
Dividend payout of the property firms in malaysia |
| publishDate |
2007 |
| container_title |
Pacific Rim Property Research Journal |
| container_volume |
13 |
| container_issue |
4 |
| doi_str_mv |
10.1080/14445921.2007.11104241 |
| url |
https://www.scopus.com/inward/record.uri?eid=2-s2.0-84905994314&doi=10.1080%2f14445921.2007.11104241&partnerID=40&md5=13279b7fb6e8eeefeabe1d5725853415 |
| description |
This study examines the dividend payout practices of the listed property firms in Malaysia from 1995 to 2005. The results show that dividend payments are less sticky and firms have to cut dividend payments as the operating risk increases, measured by cash flow volatility. Family ownership has a significant positive effect on the dividend policy of property firms which seems to suggest that these firms use dividend policy to reduce agency conflicts. Related diversification of the property firms has a significant influence on the dividend payout of the firms. These results contribute to the corporate governance and ownership literature in the emerging markets. © 2007 Pacific Rim Property Research Journal. All rights reserved. |
| publisher |
|
| issn |
14445921 |
| language |
English |
| format |
Article |
| accesstype |
|
| record_format |
scopus |
| collection |
Scopus |
| _version_ |
1820775481686884352 |