The impact of dividend policy on share price volatility in the Philippine Stock Exchange, Singapore Exchange, Bursa Malaysia, Indonesia Stock Exchange, and Stock Exchange of Thailand from 2007-2012

Date of Publication

2014

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Management of Financial Institutions

Subject Categories

Finance and Financial Management

College

Ramon V. Del Rosario College of Business

Department/Unit

Financial Management

Defense Panel Member

Prince Cu

Patrick Caoille

Tomas Tiu

Denmark Alarcon

Abstract/Summary

The purpose of this study was to examine the relationship between dividend policy and share price volatility in the Philippine Stock Exchange, Singapore Exchange, Bursa Malaysia, Indonesia Stock Exchange, and Stock Exchange of Thailand from 2007-2012. For this purpose, a sample of 200 companies listed in the stock exchanges from the five ASEAN countries were selected and a correlation analyis and multiple regression was appllied to dividend policy, i.e. dividend yield and dividend payout, as well as controlled variables-- size, earnings volatility, debt and growth. The empirical results of this study showed a significant negative relationship between dividend payout and share price volatility for Malaysia and Singapore. Furthermore, a significant negative relationship between size and share price volatility was found for Malaysia, earnings volatility for Singapore, and a significant positive relationship between growth and share price volatility was found for Thailand.

Abstract Format

html

Language

English

Format

Print

Accession Number

TU21742

Shelf Location

Archives, The Learning Commons, 12F, Henry Sy Sr. Hall

Physical Description

ii, 152 leaves ; 29 cm.

Keywords

Stock exchanges; Stocks--Prices; Dividends

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