Ownership Structure and Dividends Policy: Emerging Market Evidence
- Ahmad Obaidat
Abstract
This study investigated the effect of ownership structure on the dividend policy of the financial firms listed on Amman Stock Exchange (ASE) for the period 2014-2016. The results indicated a positive relationship between dividend and institutional, managerial, and foreign ownership, and negative relationship between dividend and ownership concentration. The result also indicated that a large portion of the ownership is in the hand of the instructions and the board of directors, and the ownership is not highly concentrated.
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- DOI:10.5539/ibr.v11n6p65
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