scholarly journals The Relevance of Bird-in-Hand Theory to ShariahInclined Investors: A Case Study of Malaysia

2019 ◽  
Vol 4 (2) ◽  
pp. 67
Author(s):  
Fareiny Morni ◽  
Azreil Mirzza Iskandar ◽  
Azilawati Banchit
Keyword(s):  
Data Analysis ◽  
Panel Data ◽  
Dividend Policy ◽  
Panel Data Analysis ◽  
Market Price ◽  
Financial Products ◽  
Earnings Per Share ◽  
Dividend Signaling ◽  
Retained Earnings

The purpose of this study is to identify whether the wealth of Shariah-inclined investors is affected by dividend policy. This study is different from other studies because earlier studies do not differentiate between Shariah-compliant and non-Shariah compliant stocks, creating a gap for dividend signaling theory and bird-in-hand theory on Shariah-compliant financial products. This study employs panel data analysis and multiple linear regression with the most recent data representing eight (8) out of twelve (12) sectors in the Malaysian stock market. Dividend per share and retained earnings per share are used as a proxy for dividend policy while market price per share is used as a proxy for shareholders’ wealth. It was found that for Shariah-compliant stocks, both dividend per share and retained earnings per share are insignificant in affecting shareholders’ wealth. Unlike other studies on dividend policy which do not discriminate between Shariah-compliant and non-Shariah compliant stocks, this study finds that dividend policy to be irrelevant to Shariah-inclined investors.

scholarly journals Corporate Governance and Dividend Policy in the Presence of Controlling Shareholders

2020 ◽  
Vol 13 (8) ◽  
pp. 162
Author(s):  
Ricardo Rodrigues ◽  
J. Augusto Felício ◽  
Pedro Verga Matos
Keyword(s):  
Corporate Governance ◽  
Data Analysis ◽  
Panel Data ◽  
Agency Theory ◽  
Dividend Policy ◽  
Panel Data Analysis ◽  
Free Cash Flow ◽  
Governance Mechanisms ◽  
Controlling Shareholders ◽  
Listed Firms

Based on agency theory, we focused on the influence of corporate governance in the dividend policy of large listed firms with headquarters in continental Europe countries. Previous research focused on the influence of corporate governance on the performance and risk of listed firms, but the influence of corporate governance on the dividend policy has rarely been addressed despite the importance of dividends for shareholders and the implications on the free cash-flow, whose application may be a source of conflicts between managers and shareholders. In this paper, we study the influence of a set of governance mechanisms on the dividend policy over 12 years (2002 to 2013). The results, based on a panel data analysis, support the importance of governance mechanisms toward the protection of shareholders’ interests, and reveal that the decisions on whether to pay dividends and how much to pay are grounded on different antecedents.

Potential impacts on local quality of life due to sugarcane expansion: a case study based on panel data analysis

2016 ◽  
Vol 19 (5) ◽  
pp. 2069-2092 ◽  
Author(s):  
Pedro Gerber Machado ◽  
Arnaldo Walter ◽  
Michelle Cristina Picoli ◽  
Cristina Gerber João
Keyword(s):  
Quality Of Life ◽  
Data Analysis ◽  
Panel Data ◽  
Panel Data Analysis ◽  
Local Quality

Panel Data

2021 ◽  
pp. 637-657
Author(s):  
Vera Costa ◽  
Rui Portocarrero Sarmento
Keyword(s):  
Data Analysis ◽  
Panel Data ◽  
Spatial Data ◽  
Fixed Effects ◽  
Panel Data Analysis ◽  
Time Data ◽  
Theoretical Concepts ◽  
R Language ◽  
Over Time

Panel data is a regression analysis type that uses time data and spatial data. Thus, the behavior of groups, for example, enterprises or communities, is analyzed through a time scale. Panel data allows exploring variables that cannot be observed or measured or variables that evolve over time but not across groups or communities. In this chapter, two different techniques used in panel data analysis is explored: fixed effects (FE) and random effects (RE). First, theoretical concepts of panel data are presented. Additionally, a case study example of the use of this type of regression is provided. Panel data analysis is performed with R language, and a step-by-step approach is presented.

scholarly journals A measurement model for real estate bubble size based on the panel data analysis: An empirical case study

PLoS ONE ◽  
2017 ◽  
Vol 12 (3) ◽  
pp. e0173287 ◽  
Author(s):  
Fengyun Liu ◽  
Deqiang Liu ◽  
Reza Malekian ◽  
Zhixiong Li ◽  
Deqing Wang
Keyword(s):  
Data Analysis ◽  
Panel Data ◽  
Real Estate ◽  
Bubble Size ◽  
Panel Data Analysis ◽  
Measurement Model ◽  
Real Estate Bubble
Sign in / Sign up

Export Citation Format

Share Document