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- Title
أثر بعض العوامل الداخلية احملددة لسياسة توزيع األرباح: دراسة يف عينة من شركات االعمال املدرجة يف أسواق األوراق املالية العربية للمدة 2010-2020.
- Authors
االستاذالدكتور&#; دعاء احمد عبدالق
- Abstract
It constitutes a continuous and permanent incompatibility of objectives between companies that seek to provide the necessary internal financing for investment and expansion of the company, And shareholders seeking to obtain a reward for their investments, an opportunity for competition between them in obtaining the largest portion of the profits. This gives dividends distribution decisions, based on a set of specific factors, great and strategic importance to the company and shareholders. Hence, the aim of the research is to diagnose and examine some of the main determinants of the dividend policy, while presenting a comprehensive and integrated picture of the intellectual and theoretical frameworks that framed the direct and indirect impact mechanisms that these determinants can exercise in interpreting dividend payments, It was completed with an empirical quantitative analysis in which the Generalized Method of Moment (GMM) based on Panel Data Balance was employed for a number of business companies listed in the financial markets of three Arab countries: Iraq, Qatar and Jordan )2010-2020), Enhanced by Serial Correlation Test, Wald Test, and Normality Test, it was used to determine the nature, size and direction of the impact that these specific factors can have on the Dividend Policy Index. The research found the diversity of the determinants of profit distribution policies in terms of their inclusion on profitability, liquidity, and financial leverage. On the other hand, the research emphasized the unification of the direction of influence in terms of being positive for the profitability and liquidity variable versus the negative impact of the financial leverage variable on the profit distribution policies in business companies. Listed in the financial markets for three.
- Subjects
JORDAN; IRAQ; QATAR; FINANCIAL leverage; DIVIDEND policy; DIVIDENDS; GENERALIZED method of moments; FINANCIAL markets; PANEL analysis
- Publication
Economic Sciences, 2023, Vol 18, Issue 69, p174
- ISSN
1814-9669
- Publication type
Article