... for paying dividends. H. Kent Baker can be contacted at: kbaker@american.edu 14 06 2017 06 09 2017 06 09 2017 © Emerald Publishing Limited 2017 Emerald Publishing Limited Licensed re-use rights only Dividends Institutional investors Morocco Dividend policy Frontier...

...H. Kent Baker; Imad Jabbouri; Chaimae Dyaz Purpose The purpose of this paper is to examine corporate finance practices in the frontier market of Morocco and compare the practices used by Moroccan companies to those in other countries. It focuses primarily on capital budgeting and real options...

... to distinguish between the individual-specific effects is limited (Dhanani, 2005). Dividends Morocco Dividend policy Dividend puzzle The sample includes firms that paid one or more cash dividends to common stockholders between June 1, 2010 and September 30, 2014 but excludes international firms...