Dividend signaling hypothesis : evidence from banking sector in Malaysia market

This paper examines on whether dividend signaling hypothesis is applicable in the banking sector in Malaysia market. Maybank, CIMB Bank and Public Bank are the samples used in this study as they hold the major market share in the banking sector. The empirical tests employed are unit root tests, J...

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Bibliographic Details
Main Author: Ang, Hui Mei
Format: Final Year Project Report
Language:English
Published: Universiti Malaysia Sarawak, (UNIMAS) 2011
Subjects:
Online Access:http://ir.unimas.my/id/eprint/6406/7/Ang%20Hui%20Mei%20ft.pdf
http://ir.unimas.my/id/eprint/6406/
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Institution: Universiti Malaysia Sarawak
Language: English
Description
Summary:This paper examines on whether dividend signaling hypothesis is applicable in the banking sector in Malaysia market. Maybank, CIMB Bank and Public Bank are the samples used in this study as they hold the major market share in the banking sector. The empirical tests employed are unit root tests, Johansen and Juselius cointegration test, and VECM Granger causality test. The findings show little evidence on dividend signaling hypothesis in the banking sector and the market for the banking sector is belongs to semi-strong form of market efficiency.