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Board National Diversity and Dividend Policy: Evidence from Egyptian listed companies

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  • Shehata, Nermeen

Abstract

This paper examines whether the presence of foreign board members leads to higher dividend yield in top Egyptian listed companies. Using a sample of the top 50 firms listed on the Egyptian Exchange between 2005 and 2014, I found that there is a significant positive relationship between board national diversity and dividend yield. This paper contributes to the literature by investigating a novel board diversity variable's relationship with dividend policies.

Suggested Citation

  • Shehata, Nermeen, 2022. "Board National Diversity and Dividend Policy: Evidence from Egyptian listed companies," Finance Research Letters, Elsevier, vol. 45(C).
    • Handle: RePEc:eee:finlet:v:45:y:2022:i:c:s1544612321002130
    DOI: 10.1016/j.frl.2021.102132
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    1. Masulis, Ronald W. & Wang, Cong & Xie, Fei, 2012. "Globalizing the boardroom—The effects of foreign directors on corporate governance and firm performance," Journal of Accounting and Economics, Elsevier, vol. 53(3), pages 527-554.
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    Cited by:

    1. Peter-Mario Efesiri EFENYUMI & Emmanuel Ikechukwu OKOYE, 2023. "Do Financial Expertise, Nationality and Independence of Women on Corporate Board Mitigate Earnings Management of Listed Firms on NXG," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(4), pages 1615-1626, April.

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    More about this item

    Keywords

    Board diversity; Dividend; Egypt;
    All these keywords.

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • G35 - Financial Economics - - Corporate Finance and Governance - - - Payout Policy
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M49 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Other

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