摘要: This study investigates the relationship between corporate governance and dividend policy in Jordan using a sample of 47 industrial company listed Amman Stock Exchange (ASE) during period 2005-2011. The results show that large firms with high investment opportunity set (growth) return on equity make payment, but financial leverage degree lesser payment. random regression was used to test factors (corporate holdings, institution insiders holding foreign holding) yield. holdings have nonlinear yield, as increase yield up certain level supporting free cash flow theory. is positive negative square. As insiders’ decrease signaling