The stability and determinants of dividend policy in Amman stock exchange in terms of stability and determinants (1995-2005)
Other Title(s)
سلوك استقرار و محددات سياسية توزيع الأرباح في بورصة عمان (1995-2005)
Dissertant
Thesis advisor
Comitee Members
Abd Allah, Khalid Amin
Gharayibah, Hisham S.
al-Zubi, Khalid Abd al-Al
University
Arab Academy for Financial and Banking Sciences
Faculty
The Faculty of Information Systems and Technology
University Country
Jordan
Degree
Ph.D.
Degree Date
2007
English Abstract
The financing of firms and their dividend policies are important because the cost of capital and hence the value of firms depend on these financial decisions.
In this respect, it is crucial to understand and examine the issue of dividend policy in developing countries.
Indeed, the finance literature contains a large number of theoretical and empirical papers that examine corporate dividend policy.
However, most of the published empirical literature examines listed companies in advanced economies.
The primary objectives of this dissertation are to determine whether or not Jordanian companies have stable cash dividend policies and to understand the determinants of such dividend policies, and in particular, whether or not the ownership structure of companies affects their dividend behavior.
Based on data for the period 1995–2005, and panel data analysis, the Tobi and Probity regressions, the results of this dissertation indicate that listed Jordanian companies follow stable policies albeit at a lesser degree than their American counterparts.
In addition, and contrary to the international evidence, the results indicate that the ownership structure of firms in Jordan plays no role in affecting dividend policy.
However, other factors like the size of the firms, firm profitability and leverage are found to be significant determinant factor of dividend policy.
Main Subjects
Topics
No. of Pages
88
Table of Contents
Table of contents.
Abstract.
Chapter one : Introduction.
Chapter two : Amman stock exchange.
Chapter three : Dividend policy : a literature review.
Chapter four : The data and methodology.
Chapter five : The empirical results : dividend policy stability and determinants.
Chapter six : A summary, conclusions, and recommendations.
References.
American Psychological Association (APA)
al-Qaysi, Khaldun Mad Allah. (2007). The stability and determinants of dividend policy in Amman stock exchange in terms of stability and determinants (1995-2005). (Doctoral dissertations Theses and Dissertations Master). Arab Academy for Financial and Banking Sciences, Jordan
https://search.emarefa.net/detail/BIM-305029
Modern Language Association (MLA)
al-Qaysi, Khaldun Mad Allah. The stability and determinants of dividend policy in Amman stock exchange in terms of stability and determinants (1995-2005). (Doctoral dissertations Theses and Dissertations Master). Arab Academy for Financial and Banking Sciences. (2007).
https://search.emarefa.net/detail/BIM-305029
American Medical Association (AMA)
al-Qaysi, Khaldun Mad Allah. (2007). The stability and determinants of dividend policy in Amman stock exchange in terms of stability and determinants (1995-2005). (Doctoral dissertations Theses and Dissertations Master). Arab Academy for Financial and Banking Sciences, Jordan
https://search.emarefa.net/detail/BIM-305029
Language
English
Data Type
Arab Theses
Record ID
BIM-305029
