Corporate Governance Quality, Board Gender Diversity and Corporate Dividend Policy: Evidence from Jordan

Al‐Rahahleh, Ayat S.

doi:10.14453/aabfj.v11i2.6

Cited by 45 publications

(23 citation statements)

References 24 publications

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“…The results supported our hypothesis, as Asian emerging economies presented the negative impact of board gender diversity and family ownership on dividend announcements of firms. The findings of our research were contradictory to previous studies that were conducted in established economies that suggest that women on boards positively affect the dividend policy of firms (Nasrum 2013;van Essen et al 2015;Pucheta-Martínez et al 2016;Byoun et al 2016;Chen et al 2017;Al-Rahahleh 2017;Gyapong et al 2019). However, Robtus and Cox (1991); Rose (2007); Richard et al (2004); Attig et al (2016); Sanan (2019); Jonge (2014); and Liu et al (2013) have explained that it is not easy for women to emerge in firms.…”

Section: Discussioncontrasting

confidence: 99%

Board-Gender Diversity, Family Ownership, and Dividend Announcement: Evidence from Asian Emerging Economies

Mustafa

Saeed

Awais

et al. 2020

JRFM

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In eras of intense debates on the appointment of women on corporate boards, this research sheds light on the structure of board in Asian emerging economies by examining how women on board of family businesses separately and collectively affect the dividend announcement of business organizations. On the basis of the panel data of four Asian emerging economies—China, Malaysia, Pakistan, and India—for the period 2010–2018, the results from our Tobit regression showed the adverse (negative) and significant impact of women on boards and in family businesses upon dividend announcement. It is important that policymakers should not view firms with one eye. There should be a spillover on board gender diversity from international to domestic levels, and international firms should be set as an example for domestic firms for the inclusion of women on boards. It might be the best time for Asian emerging economies to take productive action for balancing the gender in boardroom settings, and to set a minimum mass of women on boards for better and more effective decision making.

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Section: Discussioncontrasting

confidence: 99%

Board-Gender Diversity, Family Ownership, and Dividend Announcement: Evidence from Asian Emerging Economies

Mustafa

Saeed

Awais

et al. 2020

JRFM

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“…Further, as women are risk averse, diverse boards are likely to induce in more dividend payments in order to avoid agency conflict too. Our results are in line with the previous research which shows that gender diversity on board leads to high dividend payments (Al-Rahahleh, 2017;Pucheta-Martinez & Bel-Oms, 2015).…”

Section: Discussionsupporting

confidence: 93%

Does Diversity Matter for Religious Firms Too? Board Gender Diversity and Corporate Choices of Shar¯ı‘ah Compliant Firms

Hashmi

Gulzar

2020

J. Islam. bus. manag.

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Governance mechanisms of religion-adhering firms offer a great debate topic in contemporary business and finance research. Though at nascent stages, yet there exists a growing body of knowledge regarding Islamic corporate finance. With an emphasis on this body of knowledge, the current study aims at examining the relationship between gender diversity in corporate sector boards on corporate choices of Sharī'ah compliant firms. Specifically, this study examines whether gender diverse boards of Sharī'ah compliant firms have any influence towards business diversification, dividend pay-out, and firm's financial performance or not? Study used data from Karachi-Meezan Index (KMI-30) of Sharī'ahcompliant firms and employed panel data analysis technique. Results of the study show that gender diversity does matter for Sharī'ah compliant firms too. Representation of women on boards of Sharī'ah compliant firms results in more business diversification, dividend pay-out and better financial performance. The results are robust and carry crucial implications for policy makers of the Sharī'ah compliant firms, regulators and the government. Results of the study suggest that efforts should be deliberated to enhance women's inclusion in boards of Sharī'ah compliant firms. Our results must be interpreted with caution as they only relate to a specific type of stocks i.e. Islamic stocks and specific country i.e. an Islamic Republic of Pakistan.

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“…There is currently a paucity of such research in developing countries. Limited prior studies which have been conducted in developing countries have concentrated on financial sectors such as banks (Khan, 2010;Bukair and Rahman, 2015;Kiliç et al, 2015) where the disclosure requirements are different than compared to non-financial sectors (Ahmed Haji, 2013;Al-Rahahleh, 2017). Other studies which have examined non-financial sectors in developing countries found mixed results.…”

Section: Literature Reviewmentioning

confidence: 99%

“…This study investigates all non-financial listed companies on the Amman Stock Exchange (ASE) for the period of 2006 to 2015. Financial sectors are excluded because their disclosure requirements are different to non-financial sectors (Ahmed Haji, 2013;Al-Rahahleh, 2017). The longitudinal data results in balanced panel data of 800 observations.…”

Section: Introductionmentioning

confidence: 99%

Board Structure, Ownership Structure, and Performance of Thai Listed Companies

Chancharat¹,

Chancharat²

2019

AABFJ

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This study investigates whether board gender diversity influences corporate social responsibility (CSR) reporting in Jordan, where there are no gender board balance regulatory requirements. Data was examined from all non-financial Jordanian listed companies for the period of 2006 to 2015. This longitudinal data results in balanced panel data of 800 observations. A content analysis method was used to obtain the reporting index of CSR disclosure in the annual reports. Ordinary least square regression showed that the presence of female directors on a board has a significantly positive effect on the level of CSR reporting. The presence of female directors on the board appears to play a significant role in enhancing compliance with corporate governance best practices. These results provide motivations for companies to consider gender balance on boards. Further, these results reinforce the decision making of regulators in countries where policies have been adopted to increase female representation on corporate boards. In countries where no such regulation exists the inclusion of gender balance practices within boards of directors may increase the level of CSR reporting practices. This study can be considered as one of the few empirical studies that have evaluated the impact of board gender diversity on the level of CSR reporting in a context where there are no gender balance strategies or policies.

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Corporate Governance Quality, Board Gender Diversity and Corporate Dividend Policy: Evidence from Jordan

Cited by 45 publications

References 24 publications

Board-Gender Diversity, Family Ownership, and Dividend Announcement: Evidence from Asian Emerging Economies

Board-Gender Diversity, Family Ownership, and Dividend Announcement: Evidence from Asian Emerging Economies

Does Diversity Matter for Religious Firms Too? Board Gender Diversity and Corporate Choices of Shar¯ı‘ah Compliant Firms

Board Structure, Ownership Structure, and Performance of Thai Listed Companies

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