اثر الالتزام بمبادئ الحاكمية الموسسية على سياسة توزيع الارباح دليل من البنوك التجارية الاردنية

The Impact of Compliance with Corporate Governance Principles on Dividend Policy: Evidence from Jordanian Commercial Banks

Using the financial reports published on Amman Stock Exchange Website for Jordanian Commercial banks for the period from 2007 to 2013, the current paper examines the impact of corporate governance principles including Board of Directors characteristics and ownership structure on dividends policy. To achieve the objectives of this paper, Descriptive measures, Multiple Regression are used to analyze the data of the paper. Two major finding have emerged from the current investigation. First, the board size and managerial ownership have a statistically significant impact on banks’ dividends policy. Second, separation and the independency of the board also Audit Committees and ownership structure have had no significant impact on dividends policy. In addition, bank size and leverage apparently are among the determining factors of dividends policy.