Institutional shareholding and the dividend payout policy of Islamic mutual funds: Evidence from international Islamic funds industry

Naveed, Farrukh

doi:10.1016/j.bir.2020.09.002

Cited by 6 publications

(7 citation statements)

References 21 publications

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“…Previous studies used a variety of proxies to assess the mutual funds’ pay-out policy. The first proxy is the dividend payment ratio (total dividend to total income), which was used by Jabbouri (2016) ; Elmagrhi et al (2017) , and Naveed (2021) to calculate the dividend pay-out. The second measure is the dividend frequency, which indicates how many times a fund pays a dividend each year ( Yarram and Dollery, 2015 ).…”

Section: Methodology and Datamentioning

confidence: 99%

“…Today, mutual funds are considered an important investment alternative for people who do not have enough knowledge, competence, or experience to create their own investment portfolio of financial assets and properly invest their money ( Afza and Rauf, 2009 ; Clare et al, 2019 ). Investors are concerned not only about mutual fund performance, but also about the frequency with which dividends are paid ( Harris et al, 2015 ; Naveed, 2021 ). A recent astonishing development and rise in socially responsible mutual funds makes the topic “whether CSR affects the pay-out policies of mutual funds” relevant, in addition to regulatory distinctions in mutual funds’ dividend payments compared with other corporations.…”

Section: Introductionmentioning

confidence: 99%

“…The emerging markets are characterized by weak regulatory enforcement, inefficient legal system, poor investor protection, information opacity, and continued policy uncertainty ( Abid et al, 2018 ; Saeed and Zamir, 2021 ). Furthermore, investors of mutual funds are more concerned about dividend payments compared with firm-level investors ( Naveed, 2021 ). These market differences and investors’ perceptions in mutual funds may have different outcomes of CSR performance on dividend policy of mutual funds and thus merit further investigation in a different context.…”

Section: Introductionmentioning

confidence: 99%

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Effect of corporate social responsibility performance on dividend pay-out: Role of corporate governance quality

Maqbool

Abid²,

Bhutta³

2022

Front. Psychol.

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The goal of this study was to analyze the influence of corporate social responsibility on dividend pay-out while considering the role of corporate governance quality on mutual funds operating in Pakistan. This study used a two-step system generalized method of moments (GMM) to control not only endogeneity problems caused by inclusion of firm-specific variables, but also the endogeneity caused by dividend pay-out selection. The findings are that mutual funds that engage in higher levels of corporate social responsibility pay greater dividends. The quality of corporate governance not only has a strong positive impact on mutual fund’s dividend pay-outs, but also moderates the association between dividend pay-out and corporate social responsibility. Furthermore, differences exist between socially responsible Islamic and conventional mutual funds in terms of dividend pay-out policy. These findings imply that the quality of corporate governance performs a substantial role in dividend decisions. Policymakers and regulators should also encourage asset management firms to improve corporate governance quality and engage in more socially responsible activities, which can lead to improved fund performance and dividend pay-out.

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Section: Methodology and Datamentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Effect of corporate social responsibility performance on dividend pay-out: Role of corporate governance quality

Maqbool

Abid²,

Bhutta³

2022

Front. Psychol.

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“…Tingginya kepemilikan institusional diharapkan dapat meningkatkan pengawasan untuk mengurangi potensi manajer yang mungkin memprioritaskan kepentingan pribadi. Studi yang dilakukan Naveed (2021) dan Renneboog & Szilagyi (2020) memperlihatkan bahwa kepemilikan institusional secara signifikan mempengaruhi kebijakan dividen dengan cara yang menguntungkan. Namun menurut penelitian Narindro & Basri (2019), kepemilikan institusional dan kebijakan dividen tidak berkorelasi signifikan.…”

Section: Pendahuluanunclassified

Pengaruh Profitabilitas, Ukuran Perusahaan, dan Kepemilikan Perusahaan terhadap Kebijakan Dividen pada Perusahaan BUMN

Hidayat,

I Gusti Ketut Agung Ulupui,

Hera Khairunnisa

2024

JAPA

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Examining and assessing the effects of company size, profitability, and institutional ownership on state-owned enterprises listed on the Indonesia Stock Exchange's dividend policy from 2018 to 2022 is the goal of this research. In this study, logistic regression analysis was utilized with the assistance of SPSS 29. Utilizing secondary data from corporate annual reports and financial reports that are available on each company's website as well as the IDX, this study is quantitative in nature. The study's population consists of the 24 state-owned companies that were listed on the Indonesian stock exchange between 2018 and 2022. In this study, 75 data samples from 15 businesses that complied with the criteria were used to implement purposeful sampling. The results of the study indicate that, at least in part, profitability has a considerable favorable influence on the dividend policy. The company's size has no discernible effect on the dividend policy. Institutional ownership has no appreciable effect on the dividend policy. The study's implication for the corporation is that it should maximise profits through improved performance, particularly when it comes to the utilisation of company assets. Investors might therefore infer from this that they can base their selections on profitability. This is due to the study's showing that dividend policy can be impacted by a company's profitability.

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“…A significant amount of information asymmetry allows insiders to engage in behavior that only prioritizes personal interests without being detected by outside investors. (Naveed, 2021).…”

Section: Agency Theorymentioning

confidence: 99%

Determining Factors of Dividend Payout Ratio in The Top Five Banking Companies on The Indonesian Stock Exchange

Prihandoko,

Abadiyah

2024

Petra IJBS

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One manifestation of investing is getting dividends or giving the company free bonuses, which are distributed to investors based on excess profits generated in a certain period. This research seeks to examine the influence of profitability and capital structure on the dividend payout ratio, which includes indicators of net profit margin (NPM), return on assets (ROA), return on investment (ROI), and debt-to-equity ratio (DER). Panel data regression analysis is used in this research to answer the problem formulation with an observation period from 2018-2022. The research results show that net profit margin and debt-to-equity ratio have a negative and significant effect on the dividend payout ratio, while return on assets and return on investment do not have a significant effect on the dividend payout ratio of the top five banking companies listed on the Indonesia Stock Exchange.

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Institutional shareholding and the dividend payout policy of Islamic mutual funds: Evidence from international Islamic funds industry

Cited by 6 publications

References 21 publications

Effect of corporate social responsibility performance on dividend pay-out: Role of corporate governance quality

Effect of corporate social responsibility performance on dividend pay-out: Role of corporate governance quality

Pengaruh Profitabilitas, Ukuran Perusahaan, dan Kepemilikan Perusahaan terhadap Kebijakan Dividen pada Perusahaan BUMN

Determining Factors of Dividend Payout Ratio in The Top Five Banking Companies on The Indonesian Stock Exchange

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