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

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...

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Main Author:	Altoumy, Sonoussi Abdussalam Sonoussi Ali
Format:	Thesis
Language:	eng eng
Published:	2015
Subjects:	HG Finance
Online Access:	https://etd.uum.edu.my/5097/1/s814192.pdf https://etd.uum.edu.my/5097/2/s814192_abstract.pdf
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id	my-uum-etd.5097
record_format	uketd_dc
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Abdul Manaf, Kamarul Bahrain
topic	HG Finance
spellingShingle	HG Finance Altoumy, Sonoussi Abdussalam Sonoussi Ali Ownership structure and market power as determinants of corporate dividend policy in Saudi Arabia
description	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
format	Thesis
qualification_name	masters
qualification_level	Master's degree
author	Altoumy, Sonoussi Abdussalam Sonoussi Ali
author_facet	Altoumy, Sonoussi Abdussalam Sonoussi Ali
author_sort	Altoumy, Sonoussi Abdussalam Sonoussi Ali
title	Ownership structure and market power as determinants of corporate dividend policy in Saudi Arabia
title_short	Ownership structure and market power as determinants of corporate dividend policy in Saudi Arabia
title_full	Ownership structure and market power as determinants of corporate dividend policy in Saudi Arabia
title_fullStr	Ownership structure and market power as determinants of corporate dividend policy in Saudi Arabia
title_full_unstemmed	Ownership structure and market power as determinants of corporate dividend policy in Saudi Arabia
title_sort	ownership structure and market power as determinants of corporate dividend policy in saudi arabia
granting_institution	Universiti Utara Malaysia
granting_department	Othman Yeop Abdullah Graduate School of Business
publishDate	2015
url	https://etd.uum.edu.my/5097/1/s814192.pdf https://etd.uum.edu.my/5097/2/s814192_abstract.pdf
_version_	1747827861043019776
spelling	my-uum-etd.50972021-03-18T03:49:07Z Ownership structure and market power as determinants of corporate dividend policy in Saudi Arabia 2015 Altoumy, Sonoussi Abdussalam Sonoussi Ali Abdul Manaf, Kamarul Bahrain Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HG Finance 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 2015 Thesis https://etd.uum.edu.my/5097/ https://etd.uum.edu.my/5097/1/s814192.pdf text eng public https://etd.uum.edu.my/5097/2/s814192_abstract.pdf text eng public masters masters Universiti Utara Malaysia Abdelsalam, O., El-Masry, A., & Elsegini, S. (2008). Board composition, ownership structure and dividend policies in an emerging market. Managerial Finance, 34(12), 953-964. Abdullah Rizvi, F. (2011). Impact of ownership structure on corporate dividend policy and performance. (Doctoral dissertation, National University of Sciences And Technology, Islamabad). Abdullah, N. M. H., Ahmad, Z., & Roslan, S. (2012). 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Ownership structure and market power as determinants of corporate dividend policy in Saudi Arabia

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