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Does Dividend Policy Affect Firm Value in an Emerging Market?: Evidence From Malaysian Firms

Year: 2021

Type: article

Abstract: This study examines the relationship between dividend and firm value in Malaysian firms. The study uses pooled Ordinary Least Square, panel fixed, and random effect to examine the model. Using a sample from 659 firms across Malaysia from 2005 to 2019, the results reveal that dividend has a positive relationship with firm value proxy by Tobin’s Q. Moreover, the results are robust even after controlling for endogeneity concerns regarding omitted variables bias.

Source: Labuan Bulletin of International Business and Finance (LBIBF)

DOI: 10.51200/lbibf.v19i1.3383

Author: Mohd Ashari Bakri

Institution: Universiti of Malaysia Sabah

Language: English

Topic: Corporate Finance and Governance

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: diamond

OpenAlex ID: W4320160039

FWCI: 0.981

Cites: 29

Cited by: 7

Related to: 8