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dc.contributor.authorDWAIKAT, Nizar-
dc.contributor.authorQUEIRI, Abdelbaset-
dc.contributor.authorqubbaj, ihab-
dc.date.accessioned2024-01-21T09:46:48Z-
dc.date.available2024-01-21T09:46:48Z-
dc.date.issued2021-04-30-
dc.identifier.citationDWAIKAT, N., QUEIRI, A., & QUBBAJ, I. S. (2021). The Effect of Ownership Structure of Initial Public Offerings (IPOs) on Dividend Initiation: A Case Study in Malaysia. The Journal of Asian Finance, Economics and Business, 8(4), 317–328. https://doi.org/10.13106/JAFEB.2021.VOL8.NO4.0317en_US
dc.identifier.issn2288-4645-
dc.identifier.urihttps://scholar.ptuk.edu.ps/handle/123456789/1080-
dc.description.abstractThis study aims to determine the factors that affect dividends initiation by initial public offering firms in Malaysia. The ownership structure is examined from a corporate governance theoretical perspective in order to evaluate the impacts of managerial, institutional, and family ownership on the dividend’s initiation decision of IPO firms. This study employs a quantitative pooled cross-section of 372 Malaysian IPO companies active during the period of 2002–2013. The number of firms that went public each year varies, thus the pooled cross-section data takes place in this case rather than the panel data. The logistic model was employed to test the proposed hypotheses. The results revealed that the presence of institutional investors in the ownership structure make it more likely for IPO firms to initiate dividends. On the contrary, the presence of a family ownership structure in IPO companies as the controlling shareholder makes these companies less probable to initiate dividends. Managerial ownership was found to have no effect on the decision of initiating dividends by IPO firms. The findings of this study suggest that the existence of institutional and family ownerships are agency cost mitigators, as these ownership types could prompt IPOs firms to initiate dividends to overcome the agency conflicts.en_US
dc.language.isoen_USen_US
dc.publisherJournal of Asian Finance, Economics and Businessen_US
dc.relation.ispartofseries0317–0328;-
dc.subjectIPOs Firmsen_US
dc.subjectDividends Initiationen_US
dc.subjectFamily Ownershipen_US
dc.subjectInstitutional Ownershipen_US
dc.subjectManagerial Ownershipen_US
dc.titleThe Effect of Ownership Structure of Initial Public Offerings (IPOs) on Dividend Initiation: A Case Study in Malaysiaen_US
dc.typeArticleen_US
dc.identifier.doi10.13106/jafeb.2021.vol8.no4.0317-
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