The Corporate Governance, Dividend Payout, and Ownership Structure: Evidence From Pakistan Non-Financial Listed Firms
Journal Title: Pakistan Journal of Economic Studies - Year 2023, Vol 6, Issue 1
Abstract
This study examines the impact of corporate governance on the Pakistan Stock Exchange non-financial sector dividend payment ratio. Research demonstrates that certain features or elements moderate organizations and industries. Thus, ownership limits dividend payout ratio. The study examines the relationship between corporate governance, ownership structures, and dividend payment ratios. The board structure, CEO duality, and independent board of directors are also covered. Panel data analysis examines standard accounting variables. Uses 2016–2020 non-financial firm statistics. These discoveries have made independent boards with non-resident members and higher dividends more crucial. Bigger boards with independent directors pay less dividends. CEO duality in the top five stockholder boards also negatively impacts dividend decisions at 5% significance. The ownership structure moderated findings that contradict earlier work but are supported by current conditions. Our analysis enriches literature in two ways: First, we evaluate corporate governance and dividend payout ratio for the non-financial sector across time. Second, we use ownership structure as a moderator.
Authors and Affiliations
Hafiz Muhammad Saddique, Kainat Iftikhar, Muhammad Nadir Shabbir
Activity Based Costing (ABC): Implementation and Success in Pakistani Companies
The main quest for this research is to examine the actual implementation experience of the Activity-Based Costing system in the corporate sector of Pakistan. The study investigates the benefits received that are associat...
Utilizing Digital Economic Opportunities by Women SMEs in Supporting Economic Recovery
Indonesia is one of the five countries with the largest global internet users. This opens up opportunities in the development of the digital economy, including recovery efforts post-covid-19 economy. MSMEs as an economic...
Economic Policy Uncertainty and Cash Holdings of Non-Financial Firms: Exploring the Role of Firm Characteristics
Objective: This study sets out to empirically investigate the effects of economic policy uncertainty (ECOPU) on firms’ cash holding decisions (FCHD) in Pakistan for the period 2010-2020. It also explores whether the impa...
Globalization and socio-economic structure: Evidence from selected Asian countries
Considering the fact that globalization shapes socio-economic structure, its effects vary substantially across countries and sectors, depending on the nature of globalization. This study empiric...
Evaluating Socio-Economic Correlates of Severity of Covid-19 Impact With Implications for Well-Being: A Case Study of Pakistan
Objective: The World Health Organization (WHO) has proclaimed COVID-19 as a pandemic due to which each country has imposed a lockdown to control the viral disease. The above restrictions have created many global social,...