Do corporate governance and ownership structure impact dividend policy in emerging market during financial crisis?

Mili, Medhi (College of business administration, University of Bahrain (Bh)) ; Sahut, Jean-Michel (School of Management Fribourg, HES-SO // University of Applied Sciences Western Switzerland) ; Teulon, Frédéric (IPAG Business School (Fr))

Abstract. This paper analyzes governance and ownership structure and their impact s on dividend policy in emerging markets during financial crises . Our results provide strong evidence of the significant role of corporate ownership structure and board characteristics in explaining the behavior of dividend policy mainly during crisis periods. We show that firms with a higher proportion of institutional shareholders pursue higher dividend payout ratios. This study is of particular interest for business managers in their choice of strategies to be adopted in respect for dividend policy during cr isis periods.


Keywords:
Article Type:
scientifique
Faculty:
Economie et Services
School:
HEG-FR
Subject(s):
Economie/gestion
Date:
2017
Pagination:
33 p.
Published in:
Journal of applied accounting research
Numeration (vol. no.):
2017, vol. 18, issue 3, pp. 274-297
DOI:
ISSN:
0967-5426
Appears in Collection:



 Record created 2017-09-18, last modified 2018-12-20

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