Dividend Policy and Investment Decisions: An Empirical Evidence of Taiwan Listed Electronic Firms
碩士 === 國立臺灣大學 === 財務金融學研究所 === 106 === The decision of dividend payout policy is one of the most debated issues of the half-century. A considerable amount of this research regarding the determinants had been conducted. The purpose of the study is to examine the relations between investment policy an...
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| Format: | Others |
| Language: | en_US |
| Published: |
2018
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| Online Access: | http://ndltd.ncl.edu.tw/handle/45jq4p |
| Summary: | 碩士 === 國立臺灣大學 === 財務金融學研究所 === 106 === The decision of dividend payout policy is one of the most debated issues of the half-century. A considerable amount of this research regarding the determinants had been conducted. The purpose of the study is to examine the relations between investment policy and dividend policy of Taiwan electronic enterprises. The data contains 830 listed electronic companies from 1990 to 2015. The study follows the quantitative method based on the dividend irrelevance theory. A panel data regression was conducted. Our findings indicate that the investment policy and agency conflict indicators are not relevant to the dividend behavior of Taiwan high-tech company but profitability, size, debt ratio, company growth and previous dividend payout are statistically significant to dividend payout ratio.
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