The Size of the Company Other Factors That Have an Impact Dividend Payout Policy

The size of the company other factors that have an impact dividend payout policy, it seems. And considered the largest companies in the size will be more able to pay dividends to their shareholders.

afeez Ahmed and Attiya Y. Javid (2009) calculated the size of the company's total assets rules because the expected positive coefficient of this variable as there is a very low chance of bankruptcy, as is the case in most large diversified companies, and that it can maintain a higher level of debt.

Scott and Martin (1975) found that the size of the company is an important factor, which could affect the dividend policies and corporate debt. Found a negative impact on the dividend payout policy depending on company size and market capitalization, which show that the company prefers to invest in assets instead of paying dividends to shareholders. And attribute to the size of financial explained up to the market capitalization of the company.

Fama and French (2000) In their study on dividend policy and found that big companies pay high returns to shareholders of small companies. This occurs due to the fact that small businesses have a high chance of bankruptcy of large companies.

Jahera, and Page (1985) He said that the size of the company variable can be used to illustrate the wage rate of return for the company. Discuss the results that the big companies more mature small businesses.

Fama and French (2001). Study dividend policy of the companies' shares, Japan and Australia. The result show that the size of the companies have a positive sign with the dividend policy in Australia and liquidity has a positive sign with the dividend policy in Japan.

The size of the company as one of the variables that have the ability to influence the dividend policy of the company. Lloyd et al. (1985) In their studies to study the effect of the size of companies on the dividend policy Add the size