Growth opportunities and dividend payouts of family controlled firms: evidence from Malaysia / (Record no. 91060)

MARC details
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003 - CONTROL NUMBER IDENTIFIER
control field MY-KuUP
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20251125105418.0
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007 - PHYSICAL DESCRIPTION FIXED FIELD--GENERAL INFORMATION
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fixed length control field 191104t20192019my a|||fram|| 000 0 eng d
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number THE0008182(Local)
Qualifying information hardback
040 ## - CATALOGING SOURCE
Original cataloging agency UMP
Language of cataloging eng
Transcribing agency UMP
Description conventions rda
090 ## - LOCALLY ASSIGNED LC-TYPE CALL NUMBER (OCLC); LOCAL CALL NUMBER (RLIN)
Classification number (OCLC) (R) ; Classification number, CALL (RLIN) (NR) FIM .N47 2019 r Thesis
100 0# - MAIN ENTRY--PERSONAL NAME
Personal name Neshaleni S. Paramanantham,
Relator term author.
245 10 - TITLE STATEMENT
Title Growth opportunities and dividend payouts of family controlled firms: evidence from Malaysia /
Statement of responsibility, etc. Neshaleni S. Paramanantham
264 #1 - PRODUCTION, PUBLICATION, DISTRIBUTION, MANUFACTURE, AND COPYRIGHT NOTICE
Place of production, publication, distribution, manufacture Kuantan, Pahang :
Name of producer, publisher, distributor, manufacturer UMP,
Date of production, publication, distribution, manufacture, or copyright notice 2019
264 #4 - PRODUCTION, PUBLICATION, DISTRIBUTION, MANUFACTURE, AND COPYRIGHT NOTICE
Date of production, publication, distribution, manufacture, or copyright notice © 2019
300 ## - PHYSICAL DESCRIPTION
Extent xi, 95 pages :
Other physical details illustrations ;
Dimensions 30 cm. +
Accompanying material 1 CD-ROM
336 ## - CONTENT TYPE
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Source rdacontent
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Content type term text
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Media type term unmediated
Source rdamedia
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Media type term computer
Source rdamedia
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Carrier type term volume
Source rdacarrier
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Carrier type term computer disc
Source rdacarrier
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File type text file
Encoding format PDF
Source rda
500 ## - GENERAL NOTE
General note Faculty of Industrial Management
502 ## - DISSERTATION NOTE
Dissertation note Thesis (Master of Science) -- Universiti Malaysia Pahang – 2019
504 ## - BIBLIOGRAPHY, ETC. NOTE
Bibliography, etc. note Includes bibliographical references
520 3# - SUMMARY, ETC.
Summary, etc. This thesis is designed to achieve three objectives. The first objective is to examine potential differences between family controlled firm and non-family in terms of their dividend payouts since prior studies which was tested on family controlled firm and non-family were only focused on their performance. While the second objective is to explore the effects of family controlled firm on dividend payouts, in view past studies which were tested on family controlled firm towards dividend payout have showed various outcomes on dividend payout across many countries. Finally the third objectives to improve the literatures by demonstrating the moderating effect of growth opportunities in the relationship of family controlled firm and dividend payout due to moderating effect of growth opportunities was not tested directly on the relationship between family controlled firms towards dividend payout in many empirical studies conducted before. Financial data on the top 200 publicly listed firms in Malaysia were collected from the Thomson One database for the period from 2011 to 2016. Family controlled firm was identified based on the top 30 largest shareholders list available in the annual reports of the sample firms. This thesis measures dividend payout as the ratio of dividends paid to profit while the growth opportunities as changes in total assets. In order to test the first hypothesis, the test of differences was conducted to examine whether family controlled firms pay dividends differently from non-family controlled firms. The findings indicate non-family controlled firms are paying a significantly higher percentage of dividend out of their profits compared to family controlled firms. Besides that, Regression models were used to investigate the relationship among the variables as to test the second and third hypothesis. The findings show significantly negative relationship between family controlled firm and dividend payouts. Moreover, family controlled firms with moderator of growth opportunities also pay fewer dividends out of their profits. These findings are robust to the uses of different measurement for dividend payouts, family controlled firms and estimation methods. Overall, the results support the Type II agency problem that controlling shareholders can make decisions at the expense of minority shareholders, where in this case the controlling shareholders are the family owners. The findings of this study provide insights for policymakers in identifying the factors to consider regarding dividend policy in family controlled firms, particularly those with the presence of growth opportunities. Therefore policy makers in common-law countries such as Malaysia can set up certain dividend payout policies to protect minority shareholders.
610 20 - SUBJECT ADDED ENTRY--CORPORATE NAME
Corporate name or jurisdiction name as entry element Faculty of Industrial Management
General subdivision Dissertations
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Universities and colleges
General subdivision Disertations
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Theses
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Source of classification or shelving scheme Library of Congress Classification
Koha item type Restricted Collection
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Collection Home library Current library Shelving location Date acquired Total checkouts Full call number Barcode Date last seen Copy number Price effective from Koha item type
  Not lost Library of Congress Classification   Not for loan Reference UMPLIB GAMBANG UMPLIB GAMBANG Reference 04/11/2019   FIM .N47 2019 r Thesis 0000127287 04/11/2019 1 04/11/2019 Thesis
  Not lost Library of Congress Classification   Not for loan Reference UMPLIB GAMBANG UMPLIB GAMBANG   04/11/2019   CD12050 0000127288 26/10/2020 1 04/11/2019 Thesis

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