Corporate Governance and Dividend Policy in Jordan

Al-Amarneh, Asma’a; Yaseen, Hadeel

doi:10.5539/ijef.v6n4p210

Cited by 11 publications

(3 citation statements)

References 20 publications

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“…The studies found negative association between managerial ownership and dividend payout. The results are also in agreement with extant literature (Al-Amarneh & Yaseen, 2014;Rizqia & Aisjah, 2013;Sindhu et al, 2016). That inverse correlation exists between shares held by managers and dividend policy.…”

Section: Managerial Ownership and Decision To Pay Dividendssupporting

confidence: 91%

Decision to pay dividends and ownership structures in Nigeria

Adamu¹,

Ishak

Hassan

2020

International Journal of Banking and Finance

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Empirical evidence on how ownership structures influence decision to pay dividends remain unclear in the dividend policy literature. This paper is set to investigate the association between ownership structures and decision to pay dividends. The sample firms of this study consist of non-financial firms listed on the Nigerian Stock Exchange for the period 2011 to 2015 with 270 firm-year observations and logit regression models used to examine the relationship. The study revealed strong evidence that institutional investors were positively related to the decision to pay dividends. However, managerial shareholding was found to have an inverse effect on firms’ probability to pay dividends. Additional analysis was carried out only on dividend payers and the results were also consistent with the hypothesis. Despite this, the managerial investors were somehow weak when the sample was reduced to dividend payers. Cumulatively, the results are robust and show support of the agency theory and hence, imply that institutional investors in Nigeria have preference for dividend payers.

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Section: Managerial Ownership and Decision To Pay Dividendssupporting

confidence: 91%

Decision to pay dividends and ownership structures in Nigeria

Adamu¹,

Ishak

Hassan

2020

International Journal of Banking and Finance

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“…However, the impact of MLS on bank profitability has until now been underexplored. Most previous studies of bank ownership structure [1,2,31,32] have focused on dominant or major shareholders and demonstrate the existence of a positive relationship between ownership concentration and bank perfor-mance [6,33,34]. However, to our knowledge, the effect of MLS on bank profitability has not yet been investigated.…”

Section: The Effect Of Multiple Large Shareholders On Profitability Amentioning

confidence: 93%

The Effect of Multiple Large Shareholders on Banks’ Profitability and Risk

et al. 2021

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The wide-ranging academic literature on corporate governance in the banking sector includes only a few studies on bank ownership and, specifically, on the comparative power of shareholders within the corporate structure. This paper reports an investigation into the presence of multiple large shareholders and their influence on profitability and risk in the long-term, considering a sample of 697 U.S. and European listed commercial banks from 2008 to 2018. It was found that the number of large and institutional shareholders has a positive impact on profitability, but no effect on risk. However, long-term ownership by multiple large shareholders contributes to decreasing risk in banks.

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“…Karena keputusan kebijakan dividen termasuk salah satu masalah agensi, maka dalam pengambilan keputusan kebijakan dividen, harus mempertimbangkan kepentingan tiap pihak. Tingkat pembayaran dividen yang tinggi dapat meminimalisasikan masalah keagenan agensi yaitu konflik antara manajer dan pemegang saham (Al-Amarneh & Yaseen, 2014).…”

Section: Karakteristik Kebijakan Dividen Dan Manajemen Labaunclassified

Tata kelola perusahaan dan manajemen laba terhadap kebijakan dividen di Indonesia

Chandra

Junita

2021

JEM

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This research expected to understand the effect of corporate governance and earning management on dividend policy. The dependent variable selected for the research was the dividend payout ratio, while the independent variable was determined by the size of the board of commissioners, independence of board commissioners, managerial ownership, individual ownership, institutional ownership, directional accrual, firm age, firm size, leverage, and profitability. Samples for research were all companies registered under the Indonesia Stock Exchange, these were chosen using a purposive sampling method with a total of 865 observational data that met the criteria for 5 years. The panel regression method is used to analyze the impact of each independent variable on the dependent variable. The fixed-effects model is found to be the best regression model in this research. The research concludes that individual ownership, institutional ownership and profitability have a significant positive effect on dividend policy. Meanwhile, the size of the board of commissioners, independence of board commissioners, managerial ownership, earning management, firm size, firm age and leverage do not affect dividend policy. Real earning management and ownership factors are encouraged in future studies such as family ownership, public ownership, and foreign ownership in examining the impact on dividend policy.

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Corporate Governance and Dividend Policy in Jordan

Cited by 11 publications

References 20 publications

Decision to pay dividends and ownership structures in Nigeria

Decision to pay dividends and ownership structures in Nigeria

The Effect of Multiple Large Shareholders on Banks’ Profitability and Risk

Tata kelola perusahaan dan manajemen laba terhadap kebijakan dividen di Indonesia

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