Managerial Entrenchment And Dividend Payout Policy Of Malaysian Public Listed Companies
This thesis examines the influence of managerial entrenchment towards companies’ dividend distribution. This includes the effects of high managerial entrenchment on investment opportunities, internal governance, monitoring by external governance, CEO incentives, and different types of ownership....
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| Format: | Thesis |
| Language: | English |
| Published: |
2014
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| Subjects: | |
| Online Access: | http://eprints.usm.my/29111/1/MANAGERIAL_ENTRENCHMENT_AND_DIVIDEND_PAYOUT_POLICY_OF_MALAYSIAN_PUBLIC_LISTED_COMPANIES.pdf http://eprints.usm.my/29111/ |
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| Institution: | Universiti Sains Malaysia |
| Language: | English |
| Summary: | This thesis examines the influence of managerial entrenchment towards
companies’ dividend distribution. This includes the effects of high managerial
entrenchment on investment opportunities, internal governance, monitoring by
external governance, CEO incentives, and different types of ownership. The thesis
analyzed 327 companies listed on Bursa Malaysia from 2005 to 2010.
Tesis ini meneliti pengaruh kekukuhan pengurusan terhadap pengagihan
dividen syarikat. Ini termasuk kesan pengurusan berkekukuhan tinggi ke atas peluang
pelaburan, tadbir urus dalaman (saiz lembaga pengarah, ahli lembaga asing, dan undi
pemilik terbesar), pemantauan oleh tadbir urus luaran (kebebasan lembaga
pengarah), insentif Ketua Pegawai Eksekutif (ganjaran dan opsyen saham) dan jenis
pemilikan yang berlainan (pemilikan tertumpu, pemilikan kerajaan, pemilikan asing,
dan pemilikan pengurusan). Tesis ini menganalisa 327 syarikat yang tersenarai di
Bursa Malaysia dari tahun 2005 hingga 2010. |
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