Abstract

This study focused on analyzing the internal and external determinants of dividends for an important sector in Jordan which is the real estate sector during 2014 - 2019. For that, dividends per share were considered as dependent variable. On the other hand, internal determinants were measured by current ratio, total assets turnover, fixed assets turnover, and working capital turnover. Also, external variables were measured by GDP growth rate, inflation consumer prices, and unemployment rate.
 
 After conducting the statistical analysis, there was an impact of working capital turnover on dividends per share at 1% significance level. The study inferred from that there was no impact of the rest of internal and external variables on the dividends per share.
 
 As a result from that, the study recommended real estate sector to focus on and analyze working capital turnover. Moreover, it recommended analyzing the changes in external and internal variables during the time to enhance the performance of real estate sector in Jordan.

Highlights

  • The real estate sector in Jordan and around the world is considered one of the most vital and important investment sectors

  • Real estate sector in Jordan is a part of the financial sector in the cumulative data from Amman Stock Exchange

  • This study focused on the following: 1. Financial performance for real estate sector which was measured by dividends per share (DPS) as dependent variable

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Summary

Introduction

The real estate sector in Jordan and around the world is considered one of the most vital and important investment sectors. Many studies analyzed the financial performance and measure it by return on assets, return on equity, and dividends per share. The financial sector contains banks; Islamic banks; insurance companies; Islamic insurance companies; diversified financial services; and real estate sectors. In this research we are going to analyze the determinants of dividends for real estate sector in Jordan from 2014 to 2019. The dependent variable is measured by dividends per share (DPS). The external variables in this research will be Gross Domestic Product growth rate (GDP growth), inflation consumer prices, and unemployment rate as a percentage of total labor force and is modeled by International Labor Organization (ILO) estimate

Research Objectives
Literature Review
Research Hypotheses
Research Variables
Statistical Analysis
Findings
Conclusion and Recommendations

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