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dc.contributor.authorHanifa, H.*
dc.contributor.authorHamdan, M.*
dc.contributor.authorHaffar, Mohamed*
dc.date.accessioned2018-12-12T12:29:52Z
dc.date.available2018-12-12T12:29:52Z
dc.date.issued2018-11
dc.identifier.citationHanifa H, Hamdan M and Haffar M (2018) Dividend policy in the banking sector in G-7 and GCC countries: A comparative study. Risk Governance & Control: Financial Markets & Institutions. 8(3): 70-79.en_US
dc.identifier.urihttp://hdl.handle.net/10454/16697
dc.descriptionYesen_US
dc.description.abstractDividend policy has been a puzzling question for many years. This study attempts to identify the key factors affecting it in the financial sector that have been neglected in the literature. Using panel data on 621 Group of Seven (G-7) banks and 68 Gulf Cooperation Council (GCC) banks, five main factors namely, banks’ size, profitability, growth, leverage, and last year’s dividend were empirically tested regarding their impact on dividend payout ratios. In addition to comparing the two economies descriptively, the researchers employed panel data analysis using multiple regression with random effects. The findings revealed that the dividend payout ratio for the GCC countries is higher than G-7 countries in every year of the examined period (2010-2015). Furthermore, for both G-7 and GCC banks, profitability and last year dividend had a significant positive influence while banks’ leverage had a significant negative influence on the dividend payout. It was found also that banks’ size is an important dividend determinant in the G-7 countries only.en_US
dc.language.isoenen_US
dc.relation.isreferencedbyhttps://doi.org/10.22495/rgcv8i3p5en_US
dc.rights© 2018 The Authors. This work is licensed under the Creative Commons Attribution-NonCommercial 4.0 International License (CC BY-NC 4.0). http://creativecommons.org/licenses/by -nc/4.0/en_US
dc.subjectDividend policyen_US
dc.subjectDividend signalingen_US
dc.subjectDividend smoothingen_US
dc.subjectBanking sectoren_US
dc.subjectGCCen_US
dc.subjectG-7en_US
dc.titleDividend policy in the banking sector in G-7 and GCC countries: A comparative studyen_US
dc.status.refereedYesen_US
dc.date.Accepted2018-10-26
dc.date.application2018-11-23
dc.typeArticleen_US
dc.type.versionpublished version paperen_US
refterms.dateFOA2018-12-12T12:29:52Z


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