Document Details

Document Type : Article In Journal 
Document Title :
Relationship between Dividends and abnormal market returns for shares and its profitability volume and degree of non-systematic Risk. “A comparative study between Iraqi and Jordanian Corporations”
العلاقة بين توزيعات الأرباح والعوائد السوقية غير العادية للأسهم ومدى تأثرها بربحية الشركة وحجمها ودرجة مخاطرتها اللانظامية: دراسة ميدانية
 
Subject : Accounting 
Document Language : Arabic 
Abstract : This study aims to measure the relationship between dividends and unusual market returns for shares traded in the market; its volume and profitability of the company and its degree of non-systematic risk. To achieve the target of this study, 69 corporations listed in both Amman and Baghdad stock market divided over the two markets. The three chosen sectors, Industrial, Agricultural and Services sectors, depending on T test for statistic variables and Kandel’s Correlation Coefficient which measure the relation between two variables converted to degrees. The result of the study illustrated the acceptance of the first hypothesis since Kandel’s Correlation Coefficient showed significant correlation between the two variables and to all years of study. This means that shares prices in both stock markets do not relate to shares volume in the market, but are defined on basis of groups of factors like dividends. Also as a result of examining the degree of non-systematic risk impact on the relation between dividends and the abnormal market returns for shares in both stock markets, it shows impact for this variable on the relation. Many Recommendation given upon this study as to restudy over other sample with addition of new variables like beta variables and kind of activity to which the company belongs. 
ISSN : 1319-0997 
Journal Name : Economics and Administration Journal 
Volume : 17 
Issue Number : 1 
Publishing Year : 1424 AH
2003 AD 
Article Type : Article 
Added Date : Sunday, October 11, 2009 

Researchers

Researcher Name (Arabic)Researcher Name (English)Researcher TypeDr GradeEmail
عبدالناصر إبراهيم نور ABDULNASER I. NOURResearcher  

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