Dividend payout policy of Shariah compliant firms: Evidence from United States

Anwer, Zaheer; Mohamad, Shamsher; Paltrinieri, Andrea; Hassan, M. Kabir

doi:10.1016/j.pacfin.2020.101422

Cited by 23 publications

(29 citation statements)

References 57 publications

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“…Through analysing data from both Islamic and conventional stock in S&P 500 between 2001 and 2013, the results show that there was no significant governance difference between these stocks. The findings of Anwer et al (2020) demonstrate that the drivers of better payout comes for Islamic compliant firms are related to lower governance level and lower market/book asset ratio for the period 2006-2018 of US firms.…”

Section: Review Of Empirical Studiesmentioning

confidence: 95%

Examining the Performance of Islamic and Conventional Stock Indices: A Comparative Analysis

Asutay

Wang

Avdukić

2021

Asia-Pac Financ Markets

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Islamic indices encompass different fundamental principles to those held by conventional ones, which directs attention onto comparative financial performance. This paper offers a comprehensive performance comparison between Islamic indices and conventional indices, based on four main markets: worldwide, the US, Europe and Asia–Pacific for the period of 2007 and 2017 through financial ratio comparison and also the CAPM-EGARCH model. The main finding shows that Islamic indices yield higher average returns and lower risks during the 2007–2009 and 2013–2017 periods for all four markets, compared with respective conventional markets. During 2009–2013 period, the comparison proves inconclusive, since Islamic indices demonstrate better performance in European and Asia–Pacific markets, while conventional indices operate at an enhanced level within other markets. Overall, Islamic indices outperformed conventional indices during the global financial crisis period (2007–2009) and the latter post-crisis phase (2013–2017), especially in the European and Asia–Pacific markets.

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Section: Review Of Empirical Studiesmentioning

confidence: 95%

Examining the Performance of Islamic and Conventional Stock Indices: A Comparative Analysis

Asutay

Wang

Avdukić

2021

Asia-Pac Financ Markets

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“…Berdasarkan penelitian sebelumnya, terdapat ketidakcocokan hasil antara satu dengan yang lainnya. Berdasarkan hasil penelitian tidak ada pengaruh signifikan antara Free Cash Flow dan Operating Cash Flow terhadap Nilai Perusahaan, serta ada pengaruh signifikan antara Dividend Payout Ratio terhadap Nilai Perusahaan [2]. Sedangkan pada penelitian Sri Purwanti, et.al (2015) diperoleh hasil bahwa operating cash flow tidak berpengaruh signifikan terhadap return saham [3].…”

Section: Pendahuluanunclassified

Pengaruh free cash flow, operating cash flow dan devidend payout ratio terhadap nilai perusahaan pada perusahaan perkebunan di indonesia

Suwandhi¹,

Puspasari²

2021

JPP

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Informasi dari pihak manajemen sangat dibutuhkan untuk pengambilan keputusan investasi bagi investor. Tujuan penelitian ini adalah untuk menguji pengaruh free cash flow, operating cash flow, dan dividend payout ratio terhadap nilai perusahaan yang tercermin dari return saham. Untuk menjelaskan pengaruh tersebut, metode pengumpulan data menggunakan sampel penelitian perusahaan perkebunan yang terdaftar di Bursa Efek Indonesia antara tahun 2015, 2016, dan 2017 yang mempublikasikan laporan keuangannya serta membagikan dividen pada periode tahun tersebut. Pengujian hipotesis digunakan analisis regresi linier berganda (moderated regression analysis (MRA). Hasil penelitian menemukan bahwa tidak ada pengaruh signifikan antara Free Cash Flow dan Operating Cash Flow terhadap Nilai Perusahaan pada peruhaan perkebunan di Indonesia, serta ada pengaruh yang signifikan antara Dividend Payout Ratio terhadap Nilai Perusahaan. Hasil penelitian ini diharapkan dapat memberikan kontribusi bagi para praktisi untuk mengantisipasi faktor-faktor yang dapat mempengaruhi nilai perusahaan. Bagi akademisi untuk menjelaskan bagaimana pengaruh Free Cash Flow,Â Operating Cash Flow, Dividend Payout Ratio terhadap Nilai Perusahaan.

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“…found that Islamic stock indices are less volatile than conventional stock indices. Anwer, et, al,. (2020) found that better governance, lower asset growth and lower equity or assets increase the propensity of SC firms to make higher repurchases.…”

Section: Introductionmentioning

confidence: 99%

Capturing the Performance of Indonesian Sharia Stock Index (ISSI) and Composite Share Price Index (IHSG) Jakarta Period 2016-2019

al-Hakim

2020

JES

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This study aims to compare the performance of Indonesia Sharia Stock Index (ISSI) and Composite Share Price Index (IHSG) Jakarta over bullish dan bearish period 2016-2019. This research is descriptive quantitative using natural log and standard deviation calculation. The data retrieved from Financial Service Autority. The finding show that indexes whose volatility values are high does not always generate high positive returns. In addition, the performance of the two indices showed the same pattern in both bullish and bearish periods despite the differences in some conditions and systems.

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Dividend payout policy of Shariah compliant firms: Evidence from United States

Cited by 23 publications

References 57 publications

Examining the Performance of Islamic and Conventional Stock Indices: A Comparative Analysis

Examining the Performance of Islamic and Conventional Stock Indices: A Comparative Analysis

Pengaruh free cash flow, operating cash flow dan devidend payout ratio terhadap nilai perusahaan pada perusahaan perkebunan di indonesia

Capturing the Performance of Indonesian Sharia Stock Index (ISSI) and Composite Share Price Index (IHSG) Jakarta Period 2016-2019

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