Chapter 4

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

I. Yousef
S. Patra
S. Tanna    Department of Economics, Finance and Accounting, Business School, Coventry University, Coventry, United Kingdom

Abstract

This paper tests the signaling and lifecycle theories of dividend announcements for banking sectors of the frontier markets in Gulf Cooperation Council (GCC) countries (Bahrain, Kuwait, Oman, and 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 ...

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