The present study aims at determining the effect of ownership structure on dividend policy, where we take the characteristics of ownership structure as variables of governance. Ownership structure includes four variables: ownership concentration, managerial ownership, governmental ownership and institutional ownership.. The study considered 4 control variables: firm profitability, firm size, firm growth rate and debt ratio. To Achieve the objective of the study, the researchers used panel data analysis for a sample of 103 firms listed on the Egyptian stock exchange, over the period 2007-2016. This study found out a negative significant effect of ownership concentration on dividend and a positive significant effect of “managerial ownership, governmental ownership and institutional ownership” on dividend.
Esmail, E. S. A. E. F., El Henawy, M. S., & El Sayed, K. M. (2018). The impact of the ownership structure on the distribution policy of companies listed on the Egyptian stock market.. Journal of Alexandria University for Administrative Sciences, 55(2), 1-28. doi: 10.21608/acj.2018.35656
MLA
El Sayeda Abd El Fatah Esmail; Mohamed Saleh El Henawy; Khayry Mohamed El Sayed. "The impact of the ownership structure on the distribution policy of companies listed on the Egyptian stock market.", Journal of Alexandria University for Administrative Sciences, 55, 2, 2018, 1-28. doi: 10.21608/acj.2018.35656
HARVARD
Esmail, E. S. A. E. F., El Henawy, M. S., El Sayed, K. M. (2018). 'The impact of the ownership structure on the distribution policy of companies listed on the Egyptian stock market.', Journal of Alexandria University for Administrative Sciences, 55(2), pp. 1-28. doi: 10.21608/acj.2018.35656
VANCOUVER
Esmail, E. S. A. E. F., El Henawy, M. S., El Sayed, K. M. The impact of the ownership structure on the distribution policy of companies listed on the Egyptian stock market.. Journal of Alexandria University for Administrative Sciences, 2018; 55(2): 1-28. doi: 10.21608/acj.2018.35656
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