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O'Connor, Thomas G. (2012) Dividend payout and corporate governance in emerging markets: which governance provisions matter? Department of Economics Finance & Accounting Working Paper Series N230-12. Working Paper. National University of Ireland Maynooth. (Unpublished)
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Abstract
In this paper I examine the relationship between individual corporate governance provisions and corporate dividend payout. Using a sample of 220 firms from 21 emerging market countries, I show that dividend payout is an outcome of strong corporate governance. On closer inspection, I find that dividend payouts tend to be greater in firms which score highly in measures of board independence and accountability. I find some evidence which suggests that dividends substitute for a lack of transparency for emerging market firms.
| Item Type: | Monograph (Working Paper) |
|---|---|
| Keywords: | Corporate governance; Outcome and substitution agency models of dividends; Dividend payout; Emerging markets; Working Paper N230-12; |
| Academic Unit: | Faculty of Social Sciences > Economics, Finance and Accounting |
| Item ID: | 3807 |
| Identification Number: | N230-12 |
| Depositing User: | Ms Sandra Doherty |
| Date Deposited: | 14 Aug 2012 14:36 |
| Publisher: | National University of Ireland Maynooth |
| URI: | https://mural.maynoothuniversity.ie/id/eprint/3807 |
| Use Licence: | This item is available under a Creative Commons Attribution Non Commercial Share Alike Licence (CC BY-NC-SA). Details of this licence are available here |
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