Dividend And Value
Kok Lee Kuin
Broschiertes Buch

Dividend And Value

A Study of the Malaysian Corporate Sector

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This study analyses the corporate dividend policies in Malaysia, an emerging capital market in Asia Pacific region. The desire for stable dividend policies in Malaysian corporate sector is adequately captured by the stock adjustment model of John Lintner. This study also gathered evidence in support of the dividend irrelevance hypothesis of Miller-Modigliani. Dividends are found to possess significant information content and, thus, signalling capacity.