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...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English English |
| Published: |
Universiti Putra Malaysia Press
1993
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| Online Access: | 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/ |
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| Institution: | Universiti Putra Malaysia |
| Language: | English English |
| Summary: | 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. |
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