Browsing by Author "Hamza, Sahibzada Muhammad"

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    Impact of dividend policy on shareholders wealth : a comparative study among dividend paying and non-paying technology based firm’s in USA
    (Elite Hall Publishing House, 2017-08-01) Hassan, Zubair; Hamza, Sahibzada Muhammad
    The purpose of this study is to investigate the impact of Dividend Policy on Shareholders Wealth in Technology Companies of USA. The research is carried on 60 companies divided into two Strata’s of Paying and Not Paying Dividend listed under Technology sector at NYSE and AMEX stock exchanges which covered the period of 2010-2014, total observations of 150 firms-years. The dependent variable are Lagged Price Ratio, Capital Gain Yield Ratio and Return on Equity and independent variables is Dividend Payout Ratio. The data was analysed using E-views software. The research employed correlation coefficient and linear regression analysis and the findings shows independent variable (Dividend payout ratio) place no significant impact on all three Dependent Variables in Strata 1 of paying Dividend companies. While in Strata 2 of Not paying Dividend, Dividend payout ratio place no significant impact on Lagged price ratio and Return on Equity whereas, places significant positive impact on Capital Gain Yield Ratio. Therefore, only Capital Gain Yield Ratio is found to be positively correlated with dividend payout ratio in Strata 2.
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    Impact Women on Board (WOB) on Firm’s financial Performance : a study of Malaysia’s public listed companies
    (2015) Devi, Shamanie; Hassan, Zubair; Hamza, Sahibzada Muhammad
    This study seeks to establish the impact women on board (WOB) towards the financial performance of Malaysia’s Public Listed Companies. This research were done on 52 companies of Public Listed registered in Bursa Malaysia which covered the period of 2010 to 2015, total observation of 260 firms/years. The independent variables to measure presence women on board include number women on board (NWOB), percentage women on board (PWOB) and number female non-executive directors (NFNED). The dependent variables used in this research are return on assets (ROA), return on equity (ROE) and return on capital employed (ROCE). The study adopted descriptive and explanatory research design. Also this study used a cross sectional and time series data collection approach that was analysed using E-views software. The observation of 260 firms/years was selected using simple random sampling. The collected data was analyzed using descriptive means, Pearson correlation and multiple linear regression via E-views. Regression analysis was employed in examine the impact and influences of WOB. Thus, the findings shows that NWOB, PWOB and NFNED has significant relationship on ROA, ROE and ROCE, except found insignificant relationship between PWOB and ROA. Besides, variables PWOB and NFNED has positive impact on the three measure; ROA, ROE and ROCE but has negative impact from NWOB on the three financial measure. The uniqueness of this paper that the study of NFNED and ROCE as few research only done in this relationship.