Corporate Board Attributes and Dividend Payout Likelihood

Authors

  • Idris Adamu Adamu Tunku Puteri Intan Safinaz, School of Accountancy (TISSA-UUM), College of Business, Universiti Utara, Malaysia; Department of Accounting, Faculty of Management Sciences, Federal University Dutsin-ma
  • Rokiah Ishak Tunku Puteri Intan Safinaz, School of Accountancy (TISSA-UUM), College of Business, Universiti Utara
  • Nor Laili Hassan Tunku Puteri Intan Safinaz, School of Accountancy (TISSA-UUM), College of Business, Universiti Utara

Keywords:

Likely to pay dividends, gender diversity, financial expertise, corporate attributes.

Abstract

Extant literature has shown that corporate governance influences dividends policy. However, the effect of diversity on the likelihood to distribute cash dividends is scarce in the literature. Therefore, this study is aimed at exploring the influence of gender diversity and financial expertise on the likelihood of dividends payout. Pooled logistic regression was used on a sample of data from non-financial listed firms in Nigeria spanning from 2009 to 2015. The study documents gender diversity and financial experts have significant effect on a firm's likelihood to distribute cash dividends. The results remain unchanged after adjusting the standard errors for clustering at a firm. The overall finding suggests that diversity in terms of gender and expertise play a critical role all things being equal in determining the decision to pay cash dividends shareholders of listed firms in Nigeria.

Downloads

Published

2019-09-24

How to Cite

Adamu, I. A., Ishak, R., & Hassan, N. L. (2019). Corporate Board Attributes and Dividend Payout Likelihood. Journal of Reviews on Global Economics, 8, 695–705. Retrieved from https://lifescienceglobal.com/pms/index.php/jrge/article/view/6135

Issue

Vol. 8 (2019)

Section

Special Issue - Nexus between Financial Markets, Technology and Firm Performance in Era of Industry 4.0

License

Policy for Journals/Articles with Open Access

Authors who publish with this journal agree to the following terms:

  • Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.

  • Authors are permitted and encouraged to post links to their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work

Policy for Journals / Manuscript with Paid Access

Authors who publish with this journal agree to the following terms:

  • Publisher retain copyright .

  • Authors are permitted and encouraged to post links to their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work .