The Dividend and Earnings Behaviour of Firms on the Kuala Lumpur Stock Exchange

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...

全面介紹

Saved in:
書目詳細資料
Main Authors: Md Nassir, Annuar, Mohamad, Shamsher
格式: Article
語言:English
English
出版: Universiti Putra Malaysia Press 1993
在線閱讀:http://psasir.upm.edu.my/id/eprint/2984/1/The_Dividend_and_Earnings_Behaviour_of_Firms_on.pdf
http://psasir.upm.edu.my/id/eprint/2984/
標簽: 添加標簽
沒有標簽, 成為第一個標記此記錄!
實物特徵
總結: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.