DIVIDEND POLICY EFFECT ON SHARE PRICES: A COMPARISON STUDY BETWEEN ISLAMIC AND CONVENTIONAL BANKS IN KUWAIT

M. AlAli, Yaser AlKulaib, Ahmad Bash, Hamed AlDhuaina, Ibraheem AlAskar, Nabi AlDuwaila
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Dividend distribution and its impact on public share prices of shares, the case of the Sudane French Bank. Unpublished Master Thesis, University of Sudan and Technology, Sudan. Al-Ammar.\nBaker, H., & Weigand, R. (2015). Corporate dividend policy revisited. Managerial Finance, 41(2), 126-144.\nBhattacharya, S. (1979). Imperfect Information, Dividend Policy, and 'The Bird In The Hand. Fallacy”. Bell Journal of Economics, 10(1), 259-270\nBlack, F. (1976). The dividend puzzle. Journal of portfolio management, 2(2), 5-8.\nBrealey, R. A. & Myers, S. C. (2003). Principles of corporate finance (7th ed.). New York: McGraw Hill.\nChang, R., & Rhee, S. (1990). The impact of personal taxes on corporate dividend policy and capital structure decisions. Financial Management, 19(2), 21-31.\nDhaliwal, D. S., Erickson, M., & Trezevant, R. (1999). A test of the theory of tax Clienteles for dividend policies. National Tax Journal, 52, 179-194.\nDonald, K. (2011). International accounting IFRS. John Wiley & Son. 783-784.\nDoumpos, M., Hasan, I., & Pasiouras, F. (2017). Bank overall financial strength: Islamic versus conventional banks. Economic Modelling, 64, 513-523.\nElmagrhi, M., Ntim, C., Crossley, R., Malagila, J., Fosu, S., & Vu, T. (2017). Corporate governance and dividend pay-out policy in UK listed SMEs: The effects of corporate board characteristics. International Journal of Accounting & Information Management, 25(4), 459-483.\nEng, S.H., Yahya, M. H., & Hadi, A. R. (2013). The dividend payout policy–a comparison on Malaysian Islamic and conventional financial institutions. Journal of WEI Business and Economics, 2(2), 12-20.\nFink, C., & Theissen, E. (2014). Dividend taxation and DAX futures prices (No. 14-08). CFR Working Paper.\nHafeez, A. & Attiya, Y. (2009). The Determinants Of Dividend Policy In Pakistan. International Research Journal of Finance Economics, 25, 148-171.\nHafsi, R. (2016). Study and analysis of the effect of the dividend policy on the performance of shares of listed companies in the financial market, the case of the Dubai Financial Market for the period 2011-2014, University of Qasdah Murbah and Oqlala. Algerian Journal of Accounting and Financial Studies, 15(2), 39-49.\nHuda, F., & T. Farah. (2011). Determinants of Dividend Decision: A Focus on Banking Sector in Bangladesh. International Research Journal of Finance and Economics, 77, 33-46.\nJaara, O., Jaara, O., Shamieh, J., & Fendi, U. (2017). Liquidity risk exposure in Islamic and Conventional banks. International Journal of Economics and Financial Issues, 7(6), 16-26.\nMashkour, S., & Sadiq, Z. (2018). The relationship between the dividend policy and the market value of the stock and its impact on determining the value of the company. Applied research in a sample of banks registered in the Iraqi market for securities. 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引用次数: 0

Abstract

Ahmad, A., & Hassan, M. (2007). Regulation and performance of Islamic banking in Bangladesh. Thunderbird International Business Review, 492, 251-277. Ahmed, F., Rafay, A., & Ahmed, A. (2018). Dividend Payout Policy of Conventional Banking and Islamic Banking in Pakistan. Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah (Journal of Islamic Economics), 10(1), 135–152. doi: http//dx.doi.org/10.15408/aiq.v10i1.6103 Alasfour, F., Jaara, B., & Abusaleem, K. (2024). Dividend Payout Policy of the Islamic and Conventional Banks in the Gulf Cooperation Council (GCC) Countries. Migration Letters, 21(4), 908-925. Al-Amin, A. (2009). Dividend distribution and its impact on public share prices of shares, the case of the Sudane French Bank. Unpublished Master Thesis, University of Sudan and Technology, Sudan. Al-Ammar. Baker, H., & Weigand, R. (2015). Corporate dividend policy revisited. Managerial Finance, 41(2), 126-144. Bhattacharya, S. (1979). Imperfect Information, Dividend Policy, and 'The Bird In The Hand. Fallacy”. Bell Journal of Economics, 10(1), 259-270 Black, F. (1976). The dividend puzzle. Journal of portfolio management, 2(2), 5-8. Brealey, R. A. & Myers, S. C. (2003). Principles of corporate finance (7th ed.). New York: McGraw Hill. Chang, R., & Rhee, S. (1990). The impact of personal taxes on corporate dividend policy and capital structure decisions. Financial Management, 19(2), 21-31. Dhaliwal, D. S., Erickson, M., & Trezevant, R. (1999). A test of the theory of tax Clienteles for dividend policies. National Tax Journal, 52, 179-194. Donald, K. (2011). International accounting IFRS. John Wiley & Son. 783-784. Doumpos, M., Hasan, I., & Pasiouras, F. (2017). Bank overall financial strength: Islamic versus conventional banks. Economic Modelling, 64, 513-523. Elmagrhi, M., Ntim, C., Crossley, R., Malagila, J., Fosu, S., & Vu, T. (2017). Corporate governance and dividend pay-out policy in UK listed SMEs: The effects of corporate board characteristics. International Journal of Accounting & Information Management, 25(4), 459-483. Eng, S.H., Yahya, M. H., & Hadi, A. R. (2013). The dividend payout policy–a comparison on Malaysian Islamic and conventional financial institutions. Journal of WEI Business and Economics, 2(2), 12-20. Fink, C., & Theissen, E. (2014). Dividend taxation and DAX futures prices (No. 14-08). CFR Working Paper. Hafeez, A. & Attiya, Y. (2009). The Determinants Of Dividend Policy In Pakistan. International Research Journal of Finance Economics, 25, 148-171. Hafsi, R. (2016). Study and analysis of the effect of the dividend policy on the performance of shares of listed companies in the financial market, the case of the Dubai Financial Market for the period 2011-2014, University of Qasdah Murbah and Oqlala. Algerian Journal of Accounting and Financial Studies, 15(2), 39-49. Huda, F., & T. Farah. (2011). Determinants of Dividend Decision: A Focus on Banking Sector in Bangladesh. International Research Journal of Finance and Economics, 77, 33-46. Jaara, O., Jaara, O., Shamieh, J., & Fendi, U. (2017). Liquidity risk exposure in Islamic and Conventional banks. International Journal of Economics and Financial Issues, 7(6), 16-26. Mashkour, S., & Sadiq, Z. (2018). The relationship between the dividend policy and the market value of the stock and its impact on determining the value of the company. Applied research in a sample of banks registered in the Iraqi market for securities. Journal of the Kufa Studies Center, 50, 221-248. Miletkov, M., Moskalev, S., & Wintoki, M. B. (2015). Corporate boards and acquirer returns: international evidence. Managerial Finance, 41(3), 244-266. Nissim, D. & Ziv, A. (2001). Dividend changes and future profitability. The Journal of Finance, 56(6), 2111-2133. Pal, K., & Goyal, P. (2007). Leading Determinants of Dividend Policy: A Case Study of the Indian Banking Industry. Decision (0304-0941), 34(2), 87-98. Petit, R. (1977). Taxes, transactions costs and the Clientele effect of dividends. Journal of Financial Economics, 5, 419-436. Pruitt, S., & Gitman, L. (1991). The interactions between the investment, financing, and dividend decisions of major US firms. Financial Review, 26(33), 409-430. Rafique, M. (2012). Factors affecting dividend payout: Evidence from listed non-financial firms of Karachi stock exchange. Business Management Dynamics, 1(11), 76-92.
股利政策对股价的影响:科威特伊斯兰银行与传统银行比较研究
Ahmad, A., & Hassan, M. (2007).孟加拉国伊斯兰银行业的监管与绩效》。Thunderbird International Business Review, 492, 251-277.Ahmed, F., Rafay, A., & Ahmed, A. (2018).巴基斯坦传统银行和伊斯兰银行的股利支付政策》。Al-Iqtishad:doi: http//dx.doi.org/10.15408/aiq.v10i1.6103Alasfour, F., Jaara, B., & Abusaleem, K. (2024).海湾合作委员会(GCC)国家伊斯兰银行和传统银行的股利支付政策》。Migration Letters, 21(4), 908-925.Al-Amin, A. (2009).Dividend distribution and its impact on public share prices of shares, the case of the Sudane French Bank.苏丹科技大学未发表的硕士论文。Al-Ammar.Baker, H., & Weigand, R. (2015)。公司股利政策再探。Managerial Finance, 41(2), 126-144.Bhattacharya, S. (1979).Imperfect Information, Dividend Policy, and 'The Bird In The Hand.谬误"。Bell Journal of Economics, 10(1), 259-270Black, F. (1976).The dividend puzzle.Journal of portfolio management, 2(2), 5-8.Brealey, R. A. & Myers, S. C. (2003).Principles of corporate finance (7th ed.).New York:McGraw Hill.Chang, R., & Rhee, S. (1990).The impact of personal taxes on corporate dividend policy and capital structure decisions.Financial Management, 19(2), 21-31.Dhaliwal, D. S., Erickson, M., & Trezevant, R. (1999).A test of the theory of tax Clienteles for dividend policies.National Tax Journal, 52, 179-194.Donald, K. (2011).International accounting IFRS.John Wiley & Son.783-784.Doumpos, M., Hasan, I., & Pasiouras, F. (2017).银行整体财务实力:伊斯兰银行与传统银行。Economic Modelling, 64, 513-523.Elmagrhi, M., Ntim, C., Crossley, R., Malagila, J., Fosu, S., & Vu, T. (2017).英国上市中小企业的公司治理与股利支付政策:公司董事会特征的影响》。International Journal of Accounting & Information Management, 25(4), 459-483.Eng, S.H., Yahya, M. H., & Hadi, A. R. (2013).股息支付政策--马来西亚伊斯兰金融机构与传统金融机构的比较》。Journal of WEI Business and Economics, 2(2), 12-20.Fink, C., & Theissen, E. (2014).Dividend tax and DAX futures prices (No. 14-08).CFR Working Paper.Hafeez, A. & Attiya, Y. (2009).巴基斯坦股利政策的决定因素》。International Research Journal of Finance Economics, 25, 148-171.Hafsi, R. (2016).研究和分析股利政策对金融市场上市公司股票表现的影响(2011-2014 年期间迪拜金融市场案例)》,卡斯达-穆尔巴和奥克拉拉大学。Algerian Journal of Accounting and Financial Studies, 15(2), 39-49.Huda, F., & T. Farah. (2011).股利决策的决定因素:A Focus on Banking Sector in Bangladesh.International Research Journal of Finance and Economics, 77, 33-46.Jaara, O., Jaara, O., Shamieh, J., & Fendi, U. (2017).伊斯兰银行和传统银行的流动性风险暴露。International Journal of Economics and Financial Issues, 7(6), 16-26.Mashkour, S., & Sadiq, Z. (2018).股利政策与股票市值之间的关系及其对确定公司价值的影响。伊拉克证券市场注册银行样本应用研究。Journal of the Kufa Studies Center, 50, 221-248.Miletkov, M., Moskalev, S., & Wintoki, M. B. (2015).公司董事会与收购方回报:国际证据》。Managerial Finance, 41(3), 244-266.Nissim, D. & Ziv, A. (2001).Dividend changes and future profitability.The Journal of Finance, 56(6), 2111-2133.Pal, K., & Goyal, P. (2007).股利政策的主要决定因素:印度银行业案例研究》。Decision (0304-0941),34(2),87-98.Petit,R. (1977)。Taxes, transactions costs and the Clientele effect of dividends.Journal of Financial Economics, 5, 419-436.Pruitt, S., & Gitman, L. (1991).The interactions between the investment, financing, and dividend decisions of major US firms.Financial Review, 26(33), 409-430.Rafique, M. (2012).影响股利支付的因素:卡拉奇证券交易所非金融类上市公司的证据。商业管理动态》,1(11),76-92。
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