股利政策对新兴市场公司价值有影响吗?:来自马来西亚公司的证据

Labuan Bulletin of International Business and Finance (LBIBF) Pub Date : 2021-08-17 DOI:10.51200/lbibf.v19i1.3383

M. Bakri

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引用次数: 2

摘要

本研究探讨马来西亚公司股利与公司价值的关系。本研究采用普通最小二乘法、面板固定效应和随机效应对模型进行检验。使用2005年至2019年马来西亚659家公司的样本，结果显示股息与托宾q的公司价值代理呈正相关关系。此外，即使在控制了关于遗漏变量偏差的内内生问题后，结果也是稳健的。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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DOES DIVIDEND POLICY AFFECT FIRM VALUE IN AN EMERGING MARKET?: EVIDENCE FROM MALAYSIAN FIRMS

This study examines the relationship between dividend and firm value in Malaysian firms. The study uses pooled Ordinary Least Square, panel fixed, and random effect to examine the model. Using a sample from 659 firms across Malaysia from 2005 to 2019, the results reveal that dividend has a positive relationship with firm value proxy by Tobin’s Q. Moreover, the results are robust even after controlling for endogeneity concerns regarding omitted variables bias.

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Labuan Bulletin of International Business and Finance (LBIBF)

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