The Choice between Dividend and Share Repurchase

Mohamad Jais
Additional contact information
Mohamad Jais: Faculty of Economics and Business, Universiti Malaysia Sarawak, Malaysia

Chapter 5 in Studies on Financial Markets in East Asia, 2011, pp 75-88 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThis paper examines the payout channel choice of listed firms in KLSE, paying particular attention to why some firms prefer to increase dividends while others prefer to repurchase only. The results indicate that higher prior income, more variability of prior income, and a higher level of retained earnings increase the likelihood that the firms will choose to pay out earnings through dividends. The analysis further indicates that some firms substitute repurchases for dividends.

Keywords: Financial Market; Foreign Exchange Rate; Sub-prime Crisis; Real Estate Market; Relationship Banking; Dividend and Share; Stock Market; Government Bond; Hedging; IPO; Return; Volatility; Liquidity; Risk Attitude; Investment Behavior; Fund Managers (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9789814343374_0005 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9789814343374_0005 (text/html)
Ebook Access is available upon purchase.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:wschap:9789814343374_0005

Ordering information: This item can be ordered from

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().