The impact of board gender composition on dividend payouts

Chen, Jie; Leung, Woon Sau; Goergen, Marc

doi:10.1016/j.jcorpfin.2017.01.001

Cited by 319 publications

(234 citation statements)

References 35 publications

Supporting

Mentioning

188

Contrasting

Unclassified

Order By: Relevance

“…Female is considered more prudent, tends to avoid risk, and more accurate in making decisions than male. The results of this study are consistent with research conducted by Chen (2016) which states that the existence of female directors in the company has a positive effect on dividend payout. The board of directors has the authority to make operational decisions such as dividend payout.…”

Section: Research Modelsupporting

confidence: 91%

“…Chen (2016) sees this as a good thing because female directors can be more competitive and make decisions that avoid groupthink. This makes female directors more independent and is expected to make decisions that can benefit shareholders.…”

Section: The Influence Of Existence Of Female Directors On Dividend Pmentioning

confidence: 99%

“…This research argue that more gender diverse councils can lead to better market understanding, an increase in creativity and innovation, and a positive effect on consumer behavior by enhancing the company's image that drives maximum profitability. Chen (2016) in his research related to the composition of directors revealed a positive influence of the existence of female directors to dividend payout. Adams and Ferreira (2009) state that if female also actively participate in board meetings and oversight committees; they can increase the intensity of supervision.…”

mentioning

confidence: 99%

See 2 more Smart Citations

Does female CEO and female directors affect dividend policy?

Ismiyanti¹,

Prasetyo²,

Cania³

2018

Proceedings of the 15th International Symposium on Management (INSYMA 2018)

View full text Add to dashboard Cite

This study aims to determine the influence of female CEO and female directors on the dividend policy of nonfinancial companies listed on Indonesia Stock Exchange. This study used purposive sampling method with 372 samples. Dividend policy was measured by dividend payout ratio defined as dividend over net income. The result of multiple linear regression showed that female board has a significant positive effect on dividend policy, or in other words, female board increases the dividend policy. Otherwise, female CEO has no significant effect on dividend policy.

show abstract

Section: Research Modelsupporting

confidence: 91%

Section: The Influence Of Existence Of Female Directors On Dividend Pmentioning

confidence: 99%

mentioning

confidence: 99%

See 1 more Smart Citation

Does female CEO and female directors affect dividend policy?

Ismiyanti¹,

Prasetyo²,

Cania³

2018

Proceedings of the 15th International Symposium on Management (INSYMA 2018)

View full text Add to dashboard Cite

show abstract

“…Weak monitoring by corporate boards may grant opportunistic CEOs avenues to expropriate shareholder wealth by, for example, paying no or low dividends to shareholders (Dalton, 2014). By contrast, and based on the view of the substitute hypothesis, firms with combined leadership structure are expected to pay larger dividends in order to substitute for poor governance quality often associated with CEO role duality (Chen et al, 2016).…”

Section: Ceo Role Duality and Dividend Policymentioning

confidence: 99%

Corporate governance and dividend pay-out policy in UK listed SMEs

Elmagrhi

Ntim

Crossley

et al. 2017

IJAIM

125

View full text Add to dashboard Cite

show abstract

“…Tahir, R. (2017), analyse the issue of gender diversity on corporate boards in New Zealand companies, their results indicate that women are severely underrepresented. Chen et al (2017) in their study find board gender composition significantly increases the dividend payout only for firms with weak governance, suggesting that female directors use dividend payouts as a governance device. Niccolo Gordini et al (2017), argue the presence of women director on Italian firms is not just number game, their presence does not destroy shareholder value.…”

Section: Introductionmentioning

confidence: 88%

Women Directors’ Compensation and Firm Performance of an Emerging Economy: India

Yadav¹

2017

View full text Add to dashboard Cite

This probably maiden study for Indian financial market on executive compensation uses novel approach by using data of women director's compensation of firm listed at Bombay stock exchange (BSE)India. The methodology adopted for this study is multivariate regression method; this method is common for the research on compensation, on the basis of the survey of literature which treats total compensation paid to the director as dependent variable and firm performance as independent variable. This study adds to the literature one more equation that is impact of firm performance (dependent variable) on compensation (independent variable). Further by using the holistic combination which is rare in the literature of executive compensation, both measures of firm performance mainly accounting measures (EPS, ROCE and RONW) and market measures (P/E, P/BV) gives comprehensive view of firm performance in relation to compensation. The control variables mainly net sales, R and D and total assets are drawn from literature often known as instrumental variable approach in econometrics. The boundary condition for the sample is BSE-500 firms listed at Bombay stock exchange out of this BSE-500 firms sample of 407 firms are used for study.

show abstract

The impact of board gender composition on dividend payouts

Cited by 319 publications

References 35 publications

Does female CEO and female directors affect dividend policy?

Does female CEO and female directors affect dividend policy?

Corporate governance and dividend pay-out policy in UK listed SMEs

Women Directors’ Compensation and Firm Performance of an Emerging Economy: India

Contact Info

Product

Resources

About