Dividend policy under the influence of corporate governance quality: an empirical analysis from Asian emerging markets

Um-E-Roman Fayyaz, Michelina Venditti and Raja Nabeel-Ud-Din Jalal

Global Business and Economics Review, 2023, vol. 28, issue 1, 22-38

Abstract: In the present study, we investigate the influence of corporate governance quality on the dividend policy of Asian emerging markets. First, we assess the level of corporate governance quality through a comprehensive index comprised of the combined board governance attributes (board of directors, ownership status, and progressive practices) and firm fundamentals through attributes of financial ratios. Then, using a sample of non-financial firms from the stock exchanges of the respective emerging markets (China, India, and Pakistan), our results depict firms' corporate governance quality as a relevant factor for dividend pay-out.

Keywords: corporate governance quality; firm fundamentals; dividend policy; dividend pay-outs; emerging markets; Asia. (search for similar items in EconPapers)
Date: 2023
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