The Effect of Cash Dividends on Firm Value of Egyptian Listed firms | ||
| المجلة العلمية للبحوث والدراسات التجارية | ||
| Volume 39, Issue 3, September 2025, Pages 1379-1416 PDF (818.22 K) | ||
| Document Type: المقالة الأصلية | ||
| DOI: 10.21608/sjrbs.2025.343805.1839 | ||
| Author | ||
| Mohamed Abbas Abu Hussien* | ||
| الحي المتميز | ||
| Abstract | ||
| The dividend policy is one of the main factors that affect a company’s financial and investing decisions. The objective of this research is to study the effect of cash dividends on the firm value of the Egyptian listed firms. To measure this effect, the research covers the period from 2009 to 2019, utilizing panel data models to examine the effects of cash dividends, various financial and operational factors on firm value. Moreover, the study uses a sample of 36 companies listed on the Egyptian stock market (EGX). In addition, it includes a number of control variables such as firm size, cash and short−term investment, profitability, leverage, firm age, tangibility, and stock return volatility. The research uses different statistical tests and analysis such as: regression and correlation analysis, unit root tests, fixed and random effect regression models. The study reveals that there is a positive relationship between cash dividends and firm value. | ||
| Keywords | ||
| Dividends policy; cash dividends; firm value; Egyptian Stock Market | ||
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