Impact of corporate governance on dividend policy in India

Pankaj Chaudhary and Narain Chandra

Afro-Asian Journal of Finance and Accounting, 2021, vol. 11, issue 3, 337-352

Abstract: The basic objective of this study is to analyse the impact of corporate governance system on the dividend payment for Indian firms. We have taken the data for non-financial group A companies of BSE for the time period pertaining to 2010-2017. The corporate finance data is ridden with the endogeneity problem and in order to deal with this issue, we have applied dynamic panel data system to study the relationship between governance system and dividend payments in India. We find that the firms with strong corporate governance pay higher dividends as compared to the weak governance system firms. The board size is positively related to the payment of dividends and promoters' shareholding is negatively related to the dividend payments.

Keywords: corporate governance; agency problems; dividends; GMM; dynamic panel data; India. (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=115671 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:afasfa:v:11:y:2021:i:3:p:337-352

Access Statistics for this article

More articles in Afro-Asian Journal of Finance and Accounting from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().