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العنوان
A proposed Model for Market Risk-adjusted Dividend Policy :
المؤلف
Abdelhalim, Bassant Safwat Omar.
هيئة الاعداد
باحث / بسنت صفوت عمر عبد الحليم
مشرف / هيام حسن وهبة
مشرف / طارق الدمياطي
تاريخ النشر
2021.
عدد الصفحات
109 p. :
اللغة
الإنجليزية
الدرجة
ماجستير
التخصص
الأعمال والإدارة والمحاسبة (المتنوعة)
تاريخ الإجازة
1/1/2021
مكان الإجازة
جامعة عين شمس - كلية التجارة - إدارة الأعمال
الفهرس
Only 14 pages are availabe for public view

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Abstract

Attention has been given in recent years to the components of dividend policy. Dividend is that part of firm’s earnings distributed to its shareholders as decided by company’s board of directors. This thesis examines the impact of different factors of corporate attributes including market Price, Return on equity (ROE), Dividends Yield (DY), Firm size, Systematic Risk, Unsystematic Risk, Total Risk, industry dummies, growth of systematic risk, growth of unsystematic risk and Firm growth and their effect on the components of dividends policy. Therefore, dividends policy determinates which are dividends pay-out ratio (DPR) and dividends per share (DPS). The study utilizes panel data analysis for 22 non-financial firms listed on the Egyptian stock exchange EGX30 over the period 2004-2018 with fifteen years and 279 numbers of observations. Using Panel data analysis, Regression model using the Ordinary Least Squared (OLS). Moreover, the researcher constructed six regression equations. The six models use six different dividend policy measures as the dependent variables; DPS and DPR. Moreover, the independent variables are constant along the six models, which are ROE, DY, market price, Firm size, Systematic Risk, Unsystematic Risk, Total Risk, industry dummies, growth of systematic risk, growth of unsystematic risk and Firm growth. Results showed that there is significant relationship between dividends yield and dividends pay-out ratio (DPR) associated with positive sign. On the other hand, size, dividends yield, and industry positive significant effect on dividends per share (DPS). While there is an insignificant relationship between return on equity, price, systematic risk and unsystematic risk total risks on dividends per share.