Signalling and Lifecycle Theories in the Banking Sectors of GCC Frontier Markets: An Empirical Assessment

Ibrahim Yousef, Sudip Patra, Sailesh Tanna

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

This paper tests the signaling and lifecycle theories of dividend announcements for banking sectors of the frontier markets in Gulf Corporation Council (GCC) countries (Bahrain, Kuwait, Oman, Qatar). Few existing studies have analyzed the dividend lifecycle and signaling hypotheses related to these economies, and the current paper thus contributes to the empirical literature from this perspective. Using event study and regression analysis, the results confirm that dividends tend to support the lifecycle hypothesis rather than signaling theory in the frontier markets of GCC. Such evidence for banking firms is rare in the literature, and the specific contribution of our study is a detailed comparative investigation of the dividend policies of the banking sectors in frontier markets.
Original languageEnglish
Title of host publicationHandbook of Frontier Markets: Evidence from Middle East North Africa and International Comparative Studies
EditorsP. Andrikopoulos, G. N. Gregoriou, V. Kallinterakis
PublisherAcademic Press
Pages49-63
Volume2
ISBN (Print)978-0128092002
Publication statusPublished - 24 Aug 2016

Bibliographical note

This book chapter is not available on the repository

Keywords

  • Dividend Policy
  • Signaling Theory
  • Lifecycle Theory
  • Frontier Markets.

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    Yousef, I., Patra, S., & Tanna, S. (2016). Signalling and Lifecycle Theories in the Banking Sectors of GCC Frontier Markets: An Empirical Assessment. In P. Andrikopoulos, G. N. Gregoriou, & V. Kallinterakis (Eds.), Handbook of Frontier Markets: Evidence from Middle East North Africa and International Comparative Studies (Vol. 2, pp. 49-63). Academic Press.