Ownership Structure and Dividend Policy: Empirical Evidence from Jordan

Ayed Ahmad Khalifah Aizyadat

doi:doi:10.11648/j.ijfbr.20220802.12

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Ownership Structure and Dividend Policy: Empirical Evidence from Jordan

Ayed Ahmad Khalifah Aizyadat

Published in International Journal of Finance and Banking Research (Volume 8, Issue 2)

Received: 28 January 2022 Accepted: 15 February 2022 Published: 29 March 2022

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Abstract

The impact of corporate governance on company dividend policy was investigated using a sample of 87 non-financial companies including industrial and service listed on the Amman Stock Exchange from 2011 to 2019 to explain the relationship between board size, board independence, ownership managerial, ownership foreign, and dividend policy. By Using the random-effects generalized least square (GLS) regression model. The findings reveal that foreign ownership negatively influences with dividend policy, while board size, board independence, managerial ownership positively association with dividend policy. Further, board independence did not have a direct effect on dividend policy in Jordan. In addition, these rules and regulations need to be activated by the policy makers to ensure that firms comply with their requirements. Moreover, developing countries are in need of providing better compliance with international governance standards. This can be done by adopting good governance practices, improving shareholder rights and activating laws and regulations that govern firms’ performance.

Published in	International Journal of Finance and Banking Research (Volume 8, Issue 2)
DOI	10.11648/j.ijfbr.20220802.12
Page(s)	62-66
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Agency Cost, Dividend Policy, Managerial Ownership, Foreign Ownership, Board Size, Board Independence

References

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APA Style

Ayed Ahmad Khalifah Aizyadat. (2022). Ownership Structure and Dividend Policy: Empirical Evidence from Jordan. International Journal of Finance and Banking Research, 8(2), 62-66. https://doi.org/10.11648/j.ijfbr.20220802.12

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ACS Style

Ayed Ahmad Khalifah Aizyadat. Ownership Structure and Dividend Policy: Empirical Evidence from Jordan. Int. J. Finance Bank. Res. 2022, 8(2), 62-66. doi: 10.11648/j.ijfbr.20220802.12

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AMA Style

Ayed Ahmad Khalifah Aizyadat. Ownership Structure and Dividend Policy: Empirical Evidence from Jordan. Int J Finance Bank Res. 2022;8(2):62-66. doi: 10.11648/j.ijfbr.20220802.12

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@article{10.11648/j.ijfbr.20220802.12,
  author = {Ayed Ahmad Khalifah Aizyadat},
  title = {Ownership Structure and Dividend Policy: Empirical Evidence from Jordan},
  journal = {International Journal of Finance and Banking Research},
  volume = {8},
  number = {2},
  pages = {62-66},
  doi = {10.11648/j.ijfbr.20220802.12},
  url = {https://doi.org/10.11648/j.ijfbr.20220802.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijfbr.20220802.12},
  abstract = {The impact of corporate governance on company dividend policy was investigated using a sample of 87 non-financial companies including industrial and service listed on the Amman Stock Exchange from 2011 to 2019 to explain the relationship between board size, board independence, ownership managerial, ownership foreign, and dividend policy. By Using the random-effects generalized least square (GLS) regression model. The findings reveal that foreign ownership negatively influences with dividend policy, while board size, board independence, managerial ownership positively association with dividend policy. Further, board independence did not have a direct effect on dividend policy in Jordan. In addition, these rules and regulations need to be activated by the policy makers to ensure that firms comply with their requirements. Moreover, developing countries are in need of providing better compliance with international governance standards. This can be done by adopting good governance practices, improving shareholder rights and activating laws and regulations that govern firms’ performance.},
 year = {2022}
}

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TY  - JOUR
T1  - Ownership Structure and Dividend Policy: Empirical Evidence from Jordan
AU  - Ayed Ahmad Khalifah Aizyadat
Y1  - 2022/03/29
PY  - 2022
N1  - https://doi.org/10.11648/j.ijfbr.20220802.12
DO  - 10.11648/j.ijfbr.20220802.12
T2  - International Journal of Finance and Banking Research
JF  - International Journal of Finance and Banking Research
JO  - International Journal of Finance and Banking Research
SP  - 62
EP  - 66
PB  - Science Publishing Group
SN  - 2472-2278
UR  - https://doi.org/10.11648/j.ijfbr.20220802.12
AB  - The impact of corporate governance on company dividend policy was investigated using a sample of 87 non-financial companies including industrial and service listed on the Amman Stock Exchange from 2011 to 2019 to explain the relationship between board size, board independence, ownership managerial, ownership foreign, and dividend policy. By Using the random-effects generalized least square (GLS) regression model. The findings reveal that foreign ownership negatively influences with dividend policy, while board size, board independence, managerial ownership positively association with dividend policy. Further, board independence did not have a direct effect on dividend policy in Jordan. In addition, these rules and regulations need to be activated by the policy makers to ensure that firms comply with their requirements. Moreover, developing countries are in need of providing better compliance with international governance standards. This can be done by adopting good governance practices, improving shareholder rights and activating laws and regulations that govern firms’ performance.
VL  - 8
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ER  -

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Author Information

Ayed Ahmad Khalifah Aizyadat

School of Economic Finance and Banking, Irbid National University, Irbid, Jordan

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APA Style

Ayed Ahmad Khalifah Aizyadat. (2022). Ownership Structure and Dividend Policy: Empirical Evidence from Jordan. International Journal of Finance and Banking Research, 8(2), 62-66. https://doi.org/10.11648/j.ijfbr.20220802.12

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ACS Style

Ayed Ahmad Khalifah Aizyadat. Ownership Structure and Dividend Policy: Empirical Evidence from Jordan. Int. J. Finance Bank. Res. 2022, 8(2), 62-66. doi: 10.11648/j.ijfbr.20220802.12

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AMA Style

Ayed Ahmad Khalifah Aizyadat. Ownership Structure and Dividend Policy: Empirical Evidence from Jordan. Int J Finance Bank Res. 2022;8(2):62-66. doi: 10.11648/j.ijfbr.20220802.12

Copy | Download

@article{10.11648/j.ijfbr.20220802.12,
  author = {Ayed Ahmad Khalifah Aizyadat},
  title = {Ownership Structure and Dividend Policy: Empirical Evidence from Jordan},
  journal = {International Journal of Finance and Banking Research},
  volume = {8},
  number = {2},
  pages = {62-66},
  doi = {10.11648/j.ijfbr.20220802.12},
  url = {https://doi.org/10.11648/j.ijfbr.20220802.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijfbr.20220802.12},
  abstract = {The impact of corporate governance on company dividend policy was investigated using a sample of 87 non-financial companies including industrial and service listed on the Amman Stock Exchange from 2011 to 2019 to explain the relationship between board size, board independence, ownership managerial, ownership foreign, and dividend policy. By Using the random-effects generalized least square (GLS) regression model. The findings reveal that foreign ownership negatively influences with dividend policy, while board size, board independence, managerial ownership positively association with dividend policy. Further, board independence did not have a direct effect on dividend policy in Jordan. In addition, these rules and regulations need to be activated by the policy makers to ensure that firms comply with their requirements. Moreover, developing countries are in need of providing better compliance with international governance standards. This can be done by adopting good governance practices, improving shareholder rights and activating laws and regulations that govern firms’ performance.},
 year = {2022}
}

Copy | Download

TY  - JOUR
T1  - Ownership Structure and Dividend Policy: Empirical Evidence from Jordan
AU  - Ayed Ahmad Khalifah Aizyadat
Y1  - 2022/03/29
PY  - 2022
N1  - https://doi.org/10.11648/j.ijfbr.20220802.12
DO  - 10.11648/j.ijfbr.20220802.12
T2  - International Journal of Finance and Banking Research
JF  - International Journal of Finance and Banking Research
JO  - International Journal of Finance and Banking Research
SP  - 62
EP  - 66
PB  - Science Publishing Group
SN  - 2472-2278
UR  - https://doi.org/10.11648/j.ijfbr.20220802.12
AB  - The impact of corporate governance on company dividend policy was investigated using a sample of 87 non-financial companies including industrial and service listed on the Amman Stock Exchange from 2011 to 2019 to explain the relationship between board size, board independence, ownership managerial, ownership foreign, and dividend policy. By Using the random-effects generalized least square (GLS) regression model. The findings reveal that foreign ownership negatively influences with dividend policy, while board size, board independence, managerial ownership positively association with dividend policy. Further, board independence did not have a direct effect on dividend policy in Jordan. In addition, these rules and regulations need to be activated by the policy makers to ensure that firms comply with their requirements. Moreover, developing countries are in need of providing better compliance with international governance standards. This can be done by adopting good governance practices, improving shareholder rights and activating laws and regulations that govern firms’ performance.
VL  - 8
IS  - 2
ER  -

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