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All Journal JURNAL AKUNTANSI DAN BISNIS : Jurnal Program Studi Akuntansi Jurnal Ilmiah Akuntansi Keuangan dan Bisnis
Zaidi, Zulaikha Rabitah
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Economics, Econometrics & Finance

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Demystifying Dividend Yield: Unveiling the Impact of Financial Metrics in Malaysia's Top 100 Ranked Companies Amir, Aliana Shazma; Quayyum, Che Muhammad; Md. Isa, Evawaynie Valquis; Zaidi, Zulaikha Rabitah
JURNAL AKUNTANSI DAN BISNIS : Jurnal Program Studi Akuntansi Vol. 10 No. 1 (2024): Mei 2024
Publisher : Universitas Medan Area

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31289/jab.v10i1.11677

Abstract

This research examines the complex link that exists between dividend yield and return on assets (ROA), audit quality, business size and liquidity among Malaysia's top 100 ranked companies in 2022. A statistically significant positive correlation has been shown between ROA and dividend yield, suggesting that increased profitability is generally associated with larger dividend yields. This research lends credence to the signaling theory, which holds that companies use their dividend policy to communicate to investors their financial stability and confidence. In a similar vein, there is a notable positive correlation between AQ and dividend yield, which emphasizes the importance of strong audit procedures in boosting investor trust and raising dividend payments. Additionally, the research reveals a noteworthy affirmative association between firm size and dividend yield, underscoring the influence of market capitalization on the determination of dividend policy. Consistent with signaling theory, larger corporations use dividends as a strategic way to communicate their commitment to shareholders because they are seen as more financially reliable. Furthermore, a strong positive correlation has been shown between liquidity and dividend yield, highlighting the crucial role liquidity plays in determining dividend payout policies and providing investors with a sense of financial safety. This study, which makes use of signaling theory, sheds light on how businesses strategically employ dividend policy to convey important information to the market, boosting investor confidence and improving market repute. The practical ramifications of these findings include enlightening investing strategies and giving investors insight into the factors influencing decisions about dividend policy. Theoretical contributions include deepening our understanding of the intricate relationship between dividend policy and financial indicators in the context of signaling theory and providing insightful information for further study.
Government-Linked Companies, Audit Quality, and Firm Size: Key Determinants of Firm Performance in Malaysia Azman, Amirah Anis; Amir, Aliana Shazma; Zaidi, Zulaikha Rabitah; Isa, Evawaynie Valquis Md.; Hassan, Azlini Che
Jurnal Ilmiah Akuntansi Keuangan dan Bisnis (JIKABI) Vol 3, No 2 (2024): Jurnal Ilmiah Akuntansi Keuangan dan Bisnis (JIKABI) - NOVEMBER
Publisher : Universitas Medan Area

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31289/jbi.v3i2.5391

Abstract

This study investigates the roles of government-linked companies (GLCs), audit quality, and firm size as key determinants of firm performance among the top 100 companies in Malaysia from 2018 to 2022, measured by Return on Assets (ROA). The findings support agency theory, suggesting that GLCs, under government oversight, prioritize broader objectives over shareholder wealth maximization. Effective monitoring mechanisms, such as independent boards and audit committees, help reduce agency costs and enhance performance. Furthermore, higher audit quality is found to positively influence ROA, highlighting the significance of Big Four audit firms in protecting investor interests. Conversely, while firm size shows a negative correlation with ROA, this relationship is statistically insignificant, indicating that larger boards may not necessarily improve performance. In conclusion, this study contributes to the theoretical and practical understanding of how GLCs, audit quality, and firm size influence corporate growth. It identifies gaps in the existing literature regarding the implications of firm size and the effectiveness of governance structures. Future research should further explore these dimensions, particularly the optimization of governance mechanisms to enhance firm performance across different contexts.
Co-Authors Amir, Aliana Shazma Azman, Amirah Anis Hassan, Azlini Che Isa, Evawaynie Valquis Md. Md. Isa, Evawaynie Valquis Quayyum, Che Muhammad