This study examined the influence of corporate governance on company cash holding by explaining the relationship between board size, board independence, board gender and cash holding using a sample of 87 non-financial companies including industrial and service companies that listed on the Amman Stock Exchange from 2018 to 2020. By using random-effect generalized least square (GLS) regression model. The findings indicate that board size negatively influences cash holdings, while board gender has a positive association with cash holdings. Further, board independence did not have a direct effect on cash holdings in Jordan. This research contributes to the development of improved corporate governance policies that can help improve firm cash holdings. This study encourages Jordanian companies to use women who can give better monitoring services while also benefiting from their experiences. The results, which are robust to a range of alternative proxies and to additional tests, provide new insights into the determinants of level cash holdings.
The impact of corporate governance on company dividend policy was investigated using a sample of 87 nonfinancial companies including industrial and service listed on the Amman Stock Exchange from 2011 to 2019 to explain the relationship between board size, board independence, ownership managerial, ownership foreign, and dividend policy. By Using the random-effects generalized least square (GLS) regression model. The findings reveal that foreign ownership negatively influences with dividend policy, while board size, board independence, managerial ownership positively association with dividend policy. Further, board independence did not have a direct effect on dividend policy in Jordan. In addition, these rules and regulations need to be activated by the policy makers to ensure that firms comply with their requirements. Moreover, developing countries are in need of providing better compliance with international governance standards. This can be done by adopting good governance practices, improving shareholder rights and activating laws and regulations that govern firms' performance.
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