A test of life cycle of dividend and effect of financial crisis: evidence from Thailand

Name: Chalita Natimakul

keyword: Life cycle theory

; Dividend policy

; Logit model

; Financial crisis

Abstract: This research study life cycle relationship with dividend payout policy in Thailand. This study cover period between 1997 to 2017. This result evidence that life cycle proxy as retained earnings/total equity show positive significant between life cycle and probability of dividend payout. Mature and old firm driven probability to pay rather than young firm. In addition, this study finding that probability to pay dividend is negatively affected by impact of Asian financial crisis but it not appears significantly effect on impact of Global financial crisis in Thailand. After the financial crisis, life cycle determinant of Asian financial crisis is changed while life cycle determinant of Global financial crisis is not changed to determined dividend policy.

Thammasat University. Thammasat University Library

Address: BANGKOK

Email: preserv@tu.ac.th

Name: Seksak Jumreornvong

Role: advisor

Created: 2017

Modified: 2021-04-29

Issued: 2021-04-29

วิทยานิพนธ์/Thesis

application/pdf

DOI: 10.14457/TU.the.2017.431

eng

DegreeName: Master of Science

Level: Master's Degree

Descipline: Finance

Grantor: Thammasat University

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