Record Details

The Effect of Foreign Ownership on Corporate Debt Maturity: Evidence from the Companies Listed in Amman Stock Exchange

Journal Global Policy and Governance

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Field Value
 
Title The Effect of Foreign Ownership on Corporate Debt Maturity: Evidence from the Companies Listed in Amman Stock Exchange
 
Creator Alrabadi, Dima Waleed Hanna
Alandali, Asmaa Mohammad
 
Subject —
Debt maturity; Foreign ownership; Industrial companies; ASE
G11; G12; G15; C32; F30
 
Description This study investigates the effect of foreign ownership on corporate debt maturity of the industrial companies listed in Amman Stock Exchange (ASE). Annual data of 42 firms is used over the period (2010-2017) and panel data regression analysis is applied. Moreover, mean and median equality tests are utilized to investigate whether the debt maturity differs according to different foreign ownership percentages. The study documents an average debt maturity of Jordanian industrial companies listed in ASE of 1.6 years which indicates that these companies use short-term debt more than using long-term debt. The average foreign ownership percentage of sample companies is 20%. Results show that there is a statistically significant positive effect of foreign ownership on debt maturity for Jordanian industrial companies listed in ASE. Also, there are statistically significant differences in debt maturity of Jordanian industrial companies categorized by foreign ownership.
 
Publisher Journal Global Policy and Governance
 
Contributor —
 
Date 2019-11-14
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
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Format application/pdf
 
Identifier http://transitionacademiapress.org/jgpg/article/view/275
10.14666/2194-7759-8-1-003
 
Source Journal Global Policy and Governance; Vol 8 (2019); 55-66
2194-7759
2194-7740
 
Language eng
 
Relation http://transitionacademiapress.org/jgpg/article/view/275/172
 
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