Impact of Corporate Governance on Dividend Policy of Nepalese Enterprises

Nar B. Bista (), Nitesh Raj Bartaula, Om Shrestha, Pooja Gnawali, Poshan Lamichhane and Pratiksha Parajuli
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Nar B. Bista: Thribhuvan University
Nitesh Raj Bartaula: Thribhuvan University
Om Shrestha: Thribhuvan University
Pooja Gnawali: Thribhuvan University
Poshan Lamichhane: Thribhuvan University
Pratiksha Parajuli: Thribhuvan University

Chapter Chapter 21 in Business Governance and Society, 2019, pp 377-397 from Springer

Abstract: Abstract This study examines the relationship between corporate governance and dividend policy of Nepalese enterprises. The dividend payout and dividend yield are the selected dependent variables. Firm size, liquidity, CEO duality, return on assets, foreign ownership, gender diversity on board, managerial ownership, institutional ownership and leverage are the independent variables. The study is based on 126 observations of 14 Nepalese commercial banks and seven insurance companies for the period of six years from 2010–2011 to 2015–2016. The data are collected from the annual reports of selected Nepalese commercial banks and insurance companies. The multiple regression models are performed to test the significance and impact of corporate governance on the dividend policy of Nepalese enterprises.

Keywords: Dividend Policy; Corporate Governance; Institutional Ownership; Dividend Payout Ratio; Dividend Yield (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-94613-9_21

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DOI: 10.1007/978-3-319-94613-9_21

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