Dividend payout policy, investment opportunity set and corporate financing in the industrial products sector of Malaysia
This paper investigates the relationship between Investment Opportunity Set (IOS) and dividend policy and if ethnicity and family ownership moderates this relationship in an emerging economy context. The contracting explanation based on Jensen's Free Cash Flow Theory (FCF) [22, 36] is empirical...
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Scienpress Ltd.,
2013.
|
| Subjects: | |
| Online Access: | Get fulltext |