-
Journal menu
- General information
- Editorial Board and External Reviewers
- Journal Policies
- Publication Ethics and Malpractice Statement
- Instructions for authors
- Paper reviewing
- Article processing charge
- Feedback from stakeholders
- Journal’s Open Access statement
- Order hard copies of the journal
- 50 most cited papers in the journal
PARTIAL–ADJUSTMENT–MODELS OF DIVIDEND POLICY BEHAVIOUR FOR INDUSTRIAL JORDANIAN FIRMS
Download This Article
Radhi Al-Hamadeen 
, Ayman E. Haddad , Wasim K. Al-Shattarat
Abstract
This study examined the inter-temporal Dividend-Per-Share (DPS) behavior. The estimated partial adjustment-models included Lintner’s (1956), Darling’s (1957) and Brittain’s (1966) models. The results reported from the partial-adjustment-models indicated that Lintner’s model was the best-fit model for Jordanian firms. Previous dividends and current earnings had the most influence on the DPS inter-temporal behavior, indicating that Jordanian firms follow a persistent dividend policy. While dividends are persistent, Jordanian firm’s smooth dividends less than their counterparts in developed markets.
Keywords: Lintner Model, Brittain Model, Darling Model, Jordan, Panel Data, Dynamic Panel Data, SYS-GMM, Tobit
How to cite this paper: Haddad, A. E., Al-Shattarat, W. K., Al-Hamadeen, R. M. (2008). Partial-adjustment-models of dividend policy behaviour for industrial Jordanian firms. Corporate Ownership & Control, 5(4-3), 356-372. https://doi.org/10.22495/cocv5i4c3p3
