are applied to confirm the primary results. Findings The analysis reveals that current dividend payouts and dividend yield … material impact on MENA banks' market values. This lack of current dividend payment effect is consistent with Miller and … Modigliani (1961) dividend irrelevance assumption: there is no evidence of either an informational or real cash inflow effect of …

The study aims to investigate the corporate dividend policy decisions in emerging countries during the COVID-19 … dividend policy during the pandemic. Logistic regressions are used to investigate the main factors that drive the propensity to … change dividend payouts. Our analysis reveals that most firms opted to either increase or decrease their dividends, with a …

exposes banks to stricter market discipline, then decreases the risk-taking behaviors of bank management compared with non …Relying on a US bank sample, we document the double-edged sword of dividends on the bank's riskiness. Paying dividends …-payers, consistent with the Dividend-Stability Channel. However, among banks that pay dividends, excessive dividends makes them riskier …

banking computed by the dispersion of shocks to key bank-level variables. The study also fixes the issues of potential … lending under uncertainty is not moderated by bank ownership, i.e., the paper does not find a discrepancy in the banking … scarce. Second, this paper approaches the banking sector's uncertainty and as-sesses its link with bank lending. Third, this …

This paper examines the relationship between idiosyncratic risk and stock returns in BRICS (Brazil, Russia, India … risk puzzle by dividing firms into groups based on fundamentals, such as their market risk, financial constraints, and … liquidity position. Finally, it investigates whether the idiosyncratic risk is priced in BRICS countries’ equity markets. The …

, and default risk at the bank-level and financial, economic, and political risk at the country level. To achieve the … risk, findings show that the risks at the bank-level, in particular, business risk, and at the country level, particularly … estimation procedures and also document that global risk has a statistically significant negative impact on Nigerian banks …

In this paper, we’ll try to study the impact of banking intermediation on the economic growth in ten countries in the … MENA region over the period 1990–2009 using the method of GMM estimation for dynamic panels. Our results generally show a … negative correlation between all variables of banking intermediation and economic growth. While, all variables of banking …

This study examines the effect of financial sector reform on bank performance in selected Middle Eastern and North … African (MENA) countries in the period 1993-2006. We evaluate bank efficiency in Egypt, Jordan, Morocco and Tunisia by means … country setting. We then employ a second-stage Tobit regression to investigate the impact of institutional, financial and bank …