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Ownership structure and market power as determinants of corporate dividend policy in Saudi Arabia

Altoumy, Sonoussi Abdussalam Sonoussi Ali (2015) Ownership structure and market power as determinants of corporate dividend policy in Saudi Arabia. Masters thesis, Universiti Utara Malaysia.

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Abstract

This study investigates the relationship between ownership structure, market power, and dividend policy for listed companies on Saudi stock exchange over the period 2009 to 2013. The study examines the roles of managerial ownership, individual ownership, concentrated ownership, and foreign ownership and firm's market power in influencing dividend payout. Data of this study has been analyzed using Ordinary Least Square (OLS) regression. F-value revealed that all these five independent variables namely, managerial, individual, foreign, concentrated ownership, and market power, collectively explains the dependent variable by 40.91 percent. This study finds that concentrated ownership has significant and positive relationship with the dividend payout while the relationship between market power and dividend payout is significant but negative. On the other hand, managerial, individual, and foreign ownership has insignificant relationship with dividend payout

Item Type: Thesis (Masters)
Uncontrolled Keywords: dividend, ownership structure, market power
Subjects: H Social Sciences > HG Finance
Divisions: Othman Yeop Abdullah Graduate School of Business
Depositing User: Mr. Badrulsaman Hamid
Date Deposited: 28 Oct 2015 02:42
Last Modified: 12 Apr 2016 03:57
URI: http://etd.uum.edu.my/id/eprint/5097

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