The impact of dividend policies on stock prices : an applied study on Jordanian companies listed in Amman stock exchange
Other Title(s)
أثر سياسات توزيع الأرباح على أسعار الأسهم : دراسة تطبيقية على الشركات المدرجة في سوق عمان المالي
Dissertant
Thesis advisor
Comitee Members
al-Ali, Asad Hamid Ubayd
al-Mansir, Musa Falah
al-Hamayidah, Riyad Muslih
University
Mutah University
Faculty
Faculty of Business
Department
Department of Business Administration and Marketing
University Country
Jordan
Degree
Master
Degree Date
2013
English Abstract
This study is concerned with examining the impact of Dividend Policy on Stock Prices by taking a sample of 54 firms listed in Amman Stock Exchange, for a period from 2001 to 2009. To achieve this aim the researcher investigated a set of Dividend Policy : First, Payout Ratio (POR) and Dividend Yield (DY) these two variables measured cash dividend policy, Stock Dividends and Stocks Repurchase.
The hypotheses were analyzed using the Fixed Effect Model Analysis. The findings revealed that stocks repurchase has negative significant impact on stock prices while POR, DY and Stock Dividends do not have any impact on stock prices of the firms listed in ASE ; this result supports Miller and Modigliani Theory which show that there is no relationship between dividend policy and stock prices. Furthermore, the results indicated that The Arab Potash Company has the highest distribution among Jordanian companies.
Service Sector has the highest distribution among Jordanian sectors.
Also, Insurance Companies has the highest stock payments among the four sectors. Based on the research findings and conclusions, a number of recommendations these include the recommendation for the managers of companies, investors and Jordanian government- and further set for scholars for future research suggestions are proposed.
Main Subjects
Topics
No. of Pages
71
Table of Contents
Table of contents.
Abstract.
Chapter One : introduction.
Chapter Two : theoretical framework and previous studies.
Chapter Three : design and methodology.
Chapter Four : data analysis and hypotheses testing.
Chapter Five : conclusions and recommendations.
References.
American Psychological Association (APA)
al-Rawashidah, Lubna Ahmad. (2013). The impact of dividend policies on stock prices : an applied study on Jordanian companies listed in Amman stock exchange. (Master's theses Theses and Dissertations Master). Mutah University, Jordan
https://search.emarefa.net/detail/BIM-322764
Modern Language Association (MLA)
al-Rawashidah, Lubna Ahmad. The impact of dividend policies on stock prices : an applied study on Jordanian companies listed in Amman stock exchange. (Master's theses Theses and Dissertations Master). Mutah University. (2013).
https://search.emarefa.net/detail/BIM-322764
American Medical Association (AMA)
al-Rawashidah, Lubna Ahmad. (2013). The impact of dividend policies on stock prices : an applied study on Jordanian companies listed in Amman stock exchange. (Master's theses Theses and Dissertations Master). Mutah University, Jordan
https://search.emarefa.net/detail/BIM-322764
Language
English
Data Type
Arab Theses
Record ID
BIM-322764
