This paper addresses twin problems related to dividend smoothing and signaling. Firstly, it provides direct test for dividend smoothing and signaling. Secondly, this paper attempts to examine the impact of Global Financial Crisis (GFC) on dividend stability. The paper estimates the Lintner model...

This paper examines the corporate governance (CG) practices in emerging markets with special reference to the listed firms in the Gulf Cooperation Council's (GCC) oil rich countries. It develops an un-weighted Corporate Governance Index (CGI) model for non-financial firms using recent data. The...

Purpose – The purpose of this paper is to analyze the performance of real estate and construction companies in the United Arab Emirates (UAE) during the pre (2006-2007) and post (2008-2009) global financial crisis periods. Design/methodology/approach – A ratio analysis was conducted on a...

This article draws on the authors’ previously published work. It aims to examine the relationship between financial deepening and economic growth in one of the major emerging economies, namely Saudi Arabia. Using time series data from 1970 to 2010, the study employs the autoregressive...

This paper examines the determinants of corporate dividend decisions of publicly quoted companies in Jordan as a case study of an emerging market. The analysis is based on 15-year unbalanced panel data with 1137 firm-year observations covering the period between 1989 and 2003. The study develops...