e-ISSN 2231-8542
ISSN 1511-3701
Annuar Md Nassir and Shamsher Mohamad
Pertanika Journal of Tropical Agricultural Science, Volume 1, Issue 2, September 1993
Keywords: Dividend per share, earnings per share, payout ratio
Published on:
The dividend and earnings behaviour of firms in developed economies are well documented. In Malaysia, there is hardly any published evidence on these issues. This study investigates the dividend and earnings behaviour of firms listed on the Kuala Lumpur Stock Exchange (KLSE). The findings suggest that: (i) the dividend decisions of these firms partially depend on their current earnings and past dividends; (ii) firms have long-term target dividend which is conditioned upon their earnings ability, and (iii) earnings changes of firms are random which implies that earnings forecasts by analysts might be of no economic significance.
ISSN 1511-3701
e-ISSN 2231-8542