Md Nassir, Annuar and Mohamad, Shamsher (1993) The Dividend and Earnings Behaviour of Firms on the Kuala Lumpur Stock Exchange. Pertanika Journal of Social Sciences & Humanities, 1 (2). pp. 171-177. ISSN 0128-7702
The dividend and earnings behaviour of firms in developed economies are well documented. In Malaysia, there is hardly any published evidence on these issues. This study investigates the dividend and earnings behaviour of firms listed on the Kuala Lumpur Stock Exchange (KLSE). The findings suggest that: (i) the dividend decisions of these firms partially depend on their current earnings and past dividends; (ii) firms have long-term target dividend which is conditioned upon their earnings ability, and (iii) earnings changes of firms are random which implies that earnings forecasts by analysts might be of no economic significance.
|Keyword:||Dividend per share, earnings per share, payout ratio|
|Faculty or Institute:||Faculty of Economics and Management|
|Publisher:||Universiti Putra Malaysia Press|
|Deposited By:||Nur Izyan Mohd Zaki|
|Deposited On:||20 Nov 2009 02:52|
|Last Modified:||27 May 2013 07:04|
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