The Effect of Foreign Ownership on Corporate Debt Maturity: Evidence from the Companies Listed in Amman Stock Exchange

Dima Waleed Hanna Alrabadi () and Asmaa Mohammad Alandali ()

Journal Global Policy and Governance, 2019, vol. 8, issue 1, 55-66

Abstract: This study investigates the effect of foreign ownership on corporate debt maturity of the industrial companies listed in Amman Stock Exchange (ASE). Annual data of 42 firms is used over the period (2010-2017) and panel data regression analysis is applied. Moreover, mean and median equality tests are utilized to investigate whether the debt maturity differs according to different foreign ownership percentages. The study documents an average debt maturity of Jordanian industrial companies listed in ASE of 1.6 years which indicates that these companies use short-term debt more than using long-term debt. The average foreign ownership percentage of sample companies is 20%. Results show that there is a statistically significant positive effect of foreign ownership on debt maturity for Jordanian industrial companies listed in ASE. Also, there are statistically significant differences in debt maturity of Jordanian industrial companies categorized by foreign ownership.

Keywords: Debt maturity; Foreign ownership; Industrial companies; ASE (search for similar items in EconPapers)
Date: 2019
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