The relationship between transaction costs Of external financing and dividend Policy: evidence from Malaysia

• Main Authors: Ibrahim, Yusnidah, Mazlan, Ahmad Rizal
• Format: Article
• Language: English
• Published: Universiti Utara Malaysia 2008
• Subjects: HG Finance
• Online Access: http://repo.uum.edu.my/27044/1/IJMS15%201%202008%20%2071%2083.pdf; http://repo.uum.edu.my/27044/; http://e-journal.uum.edu.my/index.php/ijms/article/view/9865

The presence of transaction costs calls for the emphasis to be given to residual dividend policy, a policy that attempts to minimise transaction costs of external financing by accommodating capital expenditure financing requirement in companies’ dividend policy. In Malaysia, dividend increases are o...