The Main Determinants of Dividend Policy for a Sample of Business Companies Listed in Qatar Stock Exchange for the Period (2010-2020)
- Post by: Muthanna mjdes
- October 17, 2022
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Prof. Bashar Ahmed AL. Iraqi1* and Ms. Doaa Ahmed abdulqader2
1,2 Department Financial and Banking Sciences College of Administration and Economics University of Mosul
ABSTRACT
Constitutes a incompatibility permanent and continuous of objectives between companies that seeking to provide internal financing necessary to invest and expand the company, and shareholders who seek a reward for their investment, scope to compete between them to get the most of the profits, which gives dividend decisions, based to a set of major determinants great and strategic importance to company and the shareholders, from here the research aimed to diagnose and preview the main determinants of the dividend policy, with presenting integrated overall picture on intellectual and theoretical frameworks which framed the mechanisms of direct and indirect influence that can be exercised by these determinants which varied between financial, economic, political and institutional variables in the interpretation of dividend payments, completed in empirical quantitative analysis, a methodology was employed generalized method of moment (GMM) based on panel data balance for a number of business companies listed in the financial markets of Qatar, and for the period (2010-2020) and reinforced by serial link test) serial correlation test( and characterization test )Wald Test( and normal distribution test (Normality Test), it is used to determine the nature, magnitude, and direction of the impact that these determinants can have on the dividend policy indicator.
This research has found a variety of factors determining dividend policies in terms of including profitability, liquidity, growth, leverage, debt, market value to book value, ownership structure, company age, cash flow, inflation, changing government policies, tax considerations, as well as Its impact varies from one company to another. On the other hand, this work has confirmed the unification of the direction of influence in terms of being positive for the profitability variable, liquidity, and cash flow versus the negative impact of the financial leverage and inflation variable on the profit distribution policies in the study sample companies in the State of Qatar.
Keywords: entrepreneurship, sustainable banking performance
DOI: 10.52113/6/2022-12-3/87-104
Volume (12), Issue (3), 2022, Pages: 87-104
