Board Gender Diversity and Dividend Policy in Nigerian Listed Firms
Journal Title: ACTA VSFS Ekonomicke studie a analyzy - Year 2019, Vol 13, Issue 1
Abstract
This paper assessed the effect of proportion of female directors in corporate boards on dividend policy of 19 Nigerian listed consumer goods and industrial companies for the seven-year period, 2010–2016. Using Random Effects Generalised Least Squares (REGLS) model as estimation technique, the result indicated a positive and significant association between the number of women in corporate boardrooms and dividend policy. The outcome is consistent with the view that female directors are more involved in monitoring activities than their male counterpart in boardrooms. The finding also provides empirical evidence in support of outcome hypothesis where dividend payment is related to the corporate governance regime that is in place in an organization.
Authors and Affiliations
Sunday O. Kajola, Jayeola Olabisi, Kenny A. Soyemi, Peter O. Olayiwola
Keywords
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- EP ID EP665821
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