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Abstracts prior to volume 5(1) have been archived!

Issue 5(1), October 2010 -- Paper Abstracts
Girard  (p. 9-22)
Cooper (p. 23-32)
Kunz-Osborne (p. 33-41)
Coulmas-Law (p.42-46)
Stasio (p. 47-56)
Albert-Valette-Florence (p.57-63)
Zhang-Rauch (p. 64-70)
Alam-Yasin (p. 71-78)
Mattare-Monahan-Shah (p. 79-94)
Nonis-Hudson-Hunt (p. 95-106)



JOURNAL OF ACCOUNTING AND FINANCE

Large Shareholders, Payout Policy and Agency Problems in
Malaysian Companies


Author(s): Nathasa Mazna Ramli

Citation: Nathasa Mazna Ramli, (2011) "Large Shareholders, Payout Policy and Agency Problems in Malaysian Companies" Vol. 11, Iss. 3, pp. 97 - 112

Article Type: Research paper

Publisher: North American Business Press

Abstract:

This study investigates the effect of large shareholders on the magnitude of payout ratio. The analysis revealed that the higher the largest shareholding, the higher the payout ratio of the company. Furthermore, this paper found that the presence of a substantial second largest shareholder has a significant and positive impact on the payout ratio of Malaysian companies. However, different types of the large shareholder have no statistically significant influence on the magnitude of payout ratio. This study enhances the understanding of payout policy based on agency perspectives and provides evidence from an Asian country.