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Determinants of Dividend Policy: The Case of Kuwait

Journal of economic and administrative sciences, 2003-12, Vol.19 (2), p.59-76 [Peer Reviewed Journal]

MCB UP Limited ;Copyright Emerald Group Publishing Limited 2003 ;ISSN: 1026-4116 ;EISSN: 2054-6246 ;DOI: 10.1108/10264116200300006

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  • Title:
    Determinants of Dividend Policy: The Case of Kuwait
  • Author: Al-Deehani, Talla M.
  • Subjects: Dividend policy ; Dividends ; Emerging markets ; Kuwait ; Policy making ; Securities markets ; Studies
  • Is Part Of: Journal of economic and administrative sciences, 2003-12, Vol.19 (2), p.59-76
  • Description: Ever since the work of John Lintner (1956), followed by the work of Miller and Modigliani (1961), dividend policy remains a controversial issue. Some of the questions that remain unanswered include: Does dividend policy affect value? What are the factors that determine dividend policy? Is dividend policy determined dependently or independently? A comprehensive survey project on dividend policy in Kuwait was conducted and two papers were produced. The first paper focused on the relationship of dividend policy to investment and financing policies, see Al- Deehani and Al-Loughani (2002). This paper is a part of that project. It presents empirical effort to the area of dividend policy determinants in Kuwait as an emerging market. Based upon a result of a questionnaire survey, the paper will highlight (1) top management's perception of value-relevant and value-irrelevant determinants of dividend policy, and (2) determine whether managers in different industries share similar views about these determinants. The paper is organized in the following manner: first the determinants of dividend policy are discussed through a review of the relevant literature. This is followed by the research methods stating the issues of concern to this study. The remainder of the paper discusses the results through the analysis of managers' perceptions of determinants and a cross-sectional analysis. The paper ends with a summary and the conclusions drawn from the study.
  • Publisher: Al-Ain: MCB UP Ltd
  • Language: English;Arabic
  • Identifier: ISSN: 1026-4116
    EISSN: 2054-6246
    DOI: 10.1108/10264116200300006
  • Source: AUTh Library subscriptions: ProQuest Central
    Alma/SFX Local Collection

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