DETERMINANTS OF CHANGES DIVIDEND BEHAVIOR POLICY: EVIDENCE FROM THE AMMAN STOCK EXCHANGE

Dr. Faris Nasif AL- Shubiri ()
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Dr. Faris Nasif AL- Shubiri: College of Business, Department of Finance and Banking Amman Arab University, Jordan, Amman
Authors registered in the RePEc Author Service: faris nasif ALShubiri

Far East Journal of Marketing and Management, 2012, vol. 2 No 2 Paper 1 August, issue 1, 1-13

Abstract: Dividend policy is one of the most intriguing topics in financial research. Even now, economists provide considerable attention and thought to solving the dividend puzzle, resulting in a large number of conflicting hypotheses, theories and explanations. This paper aims to determine the dividend policies of the 60 industrial firms listed on the Amman stock exchanges (ASE) for the period of 2005-2009, and to explain their dividend payment behavior. This study used the tobit regression analysis, and logit regression analysis, and hence the random effects tobit/logit models are favorable than the pooled models. The paper finds that the dividend policy in Jordan as a developing country is influenced by factors similar to those relating to developed countries.

Keywords: Dividend Policy; Corporate Leverage; Agency Theory (search for similar items in EconPapers)
JEL-codes: M1 (search for similar items in EconPapers)
Date: 2012
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Related works:
Journal Article: Determinants of Changes Dividend Behavior Policy: Evidence from the Amman Stock Exchange (2011)
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