Board National Diversity and Dividend Policy: Evidence from Egyptian listed companies

Nermeen Shehata

Finance Research Letters, 2022, vol. 45, issue C

Abstract: This paper examines whether the presence of foreign board members leads to higher dividend yield in top Egyptian listed companies. Using a sample of the top 50 firms listed on the Egyptian Exchange between 2005 and 2014, I found that there is a significant positive relationship between board national diversity and dividend yield. This paper contributes to the literature by investigating a novel board diversity variable's relationship with dividend policies.

Keywords: Board diversity; Dividend; Egypt (search for similar items in EconPapers)
JEL-codes: G34 G35 M14 M49 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:45:y:2022:i:c:s1544612321002130

DOI: 10.1016/j.frl.2021.102132

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