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EFFECTS OF CORPORATE GOVERNANCE ON DIVIDEND DECISIONS WITH A FOCUS ON MODERATING ROLE OF BOARD DIVERSITY |
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| รหัสดีโอไอ | |
| Creator | Nauman Iqbal Mirza, Qaiser Ali Malik |
| Title | EFFECTS OF CORPORATE GOVERNANCE ON DIVIDEND DECISIONS WITH A FOCUS ON MODERATING ROLE OF BOARD DIVERSITY |
| Contributor | - |
| Publisher | TuEngr Group |
| Publication Year | 2562 |
| Journal Title | International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies |
| Journal Vol. | 10 |
| Journal No. | 17 |
| Page no. | 10A17I: 1-17 |
| Keyword | Good Corporate Governance, Dividend Payout Decisions, Board structure, Firms' directors, Firms' dividend, CEO Duality. |
| URL Website | http://tuengr.com/Vol10_17.html |
| Website title | ITJEMAST V10(17) 2019 @ TuEngr.com |
| ISSN | 2228-9860 |
| Abstract | This study evaluates the moderating effect of diversity (gender, age, experience, nationality and education) between Corporate Governance and the Dividend Decisions of listed companies of Pakistan Stock Exchange for a period from 2010 to 2017 in addition to the effect of conventional accounting variables (Firm Size, Debt to Asset Ratio and Earning per Share) using panel data analysis. General to specific modelling is used by including all the potential regressors. Results depict that orthodox accounting variables (Firm Size, Leverage, Earning per Share), Corporate Governance (CEO Duality) and Diversity (Nationality, Age and Experience) have a significant effect on Dividend Decisions. Firm Size, Leverage and Experience Diversity of Board negatively affects the Dividend Decisions, while Earnings per Share, CEO Duality, Directors Nationality, and Age effects positively. Furthermore, Dividend Decisions are significantly affected by Corporate Governance with moderating role of Diversity (Age and Nationality). An insignificant relationship between Dividend Decisions and Board Independence is found. |
