Given the special characteristics of the Malaysian market, the current study aims to investigate the impact of variables from different levels (firm, industry and country) on the firms’ debt policies. Considering the dynamic nature of capital structure, the study takes the novel approach...

Purpose – The purpose of this paper is to investigate the effects of family ownership on dividend payout from the perspective of agency costs in Malaysia. Design/methodology/approach – Annual financial, board and family ownership data of 160 firms listed on the Bursa Malaysia are collected...