The Retained Earnings Effect on the Firm's Market Value: Evidence from Jordan.

Autor: Dahmash, Firas N., Alshurafat, Hashem, Hendawi, Raed, Alzoubi, Abdallah Bader, Al Amosh, Hamzeh
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Zdroj: International Journal of Financial Studies; Sep2023, Vol. 11 Issue 3, p89, 11p
Abstrakt: The aim of this study was to investigate the effect of the retention per share compared to the dividend per share by modeling the firm's market value as a function of the retention per share and the dividend per share for all firms in the Jordanian context using unbalanced panel data analysis for a sample of 2281 firm years covering the period from 2010 to 2021. The results of the pooled sample indicated a strong positive significant effect for dividends per share. However, the retention per share indicated a negative significant effect on the firm's market value. The other robustness analysis for the two sub-samples and the financial and non-financial sub-samples indicated the same results, consistent with the pooled sample for the two main explanatory variables. [ABSTRACT FROM AUTHOR]
Databáze: Complementary Index
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