We examine how product market competition and financing constraints influence firm payout policy. Using Compustat firms for the period 1996 to 2017, we show that competition decreases firms' propensity to make payouts via dividends more if the firm is financially constrained. These results are...

This paper is investigated herding and cross-herding behavior in the UAE equity markets during the period from January 1, 2008 to March 31, 2019. Herding behavior is tested in both static and regime-switching framework. The findings of the paper suggest a presence of significant herd behavior in...

The purpose of this study is to investigate the long run relationship between the Jordanian stock prices and selected macroeconomic variables by using Johansen's methodology in cointegration analysis and monthly time series data over for the period from January 1987 to December 2000.This study...

Jordan undertook major financial sector liberalization starting in the early of 1990s. The effect of this reform on the efficiency of the banking sector is evaluated. A non-parametric method of Data Evelopment Analysis (DEA) has been used to arrive at the efficiency scores for a panel data...

King Hussein of Jordan, the region's longest-serving leader, died on Sunday, 7 February 1999. Although it came as no surprise, that did not lessen the grief by Jordanians. Indeed, this event in the contemporary history of Jordan is important for its emotional, political and economic...

This paper primarily aims to investigate the seasonality of monthly stock returns and January effect anomaly in an emerging stock market of a developing country namely Jordan. Evidence on return seasonality and January effect would have important implications for investment strategies to gain...