Investment opportunity set and dividend policy in Malaysia : some evidence on the role of government ownership, family ownership, board size and board composition / Ravichandran K. Subramaniam.

• Main Author: Subramaniam, Ravichandran K.
• Format: Thesis
• Published: 2011
• Subjects: HF Commerce
• Online Access: http://studentsrepo.um.edu.my/3862/1/1._Title_page%2C_abstract%2C_content.pdf; http://studentsrepo.um.edu.my/3862/2/chap_1_OVERVIEW_OF_RESEARCH.pdf; http://studentsrepo.um.edu.my/3862/3/chap_2_LITERATURE.pdf; http://studentsrepo.um.edu.my/3862/4/chap_3_CORPORATE_GOVERNANCE.pdf; http://studentsrepo.um.edu.my/3862/5/chap_4_DIVIDEND_PAYOUT%2C_GROWTH_AND_CORPORATE_GOVERNANCE.pdf; http://studentsrepo.um.edu.my/3862/6/chap_5_METHODOLOGY_AND_RESEARCH_DESIGN.pdf; http://studentsrepo.um.edu.my/3862/7/chap_6_%26_7_RESULTS_AND_DISCUSSION%2C_CONCLUSION.pdf; http://studentsrepo.um.edu.my/3862/8/REFERENCES.pdf; http://studentsrepo.um.edu.my/3862/9/x_APPENDICES.pdf; http://pendeta.um.edu.my/client/default/search/results?qu=Investment+opportunity+set+and+dividend+policy+in+Malaysia+%3A+some+evidence+on+the+role+of+government+ownership%2C+family+ownership&te=; http://studentsrepo.um.edu.my/3862/

Prior studies show that there is a negative association between IOS (Investment opportunity set) or growth opportunities and dividend payout. While there are several theories such as the signalling hypothesis, the tax hypothesis, free cash flow (FCF) hypothesis and the contracting hypothesis that...