Dividend policy and corporate governance in emerging markets: the South African case

Dividend policy and corporate governance in emerging markets: the South African case

University of the Witwatersrand Wits Business School Master of Finance and Investment (MMFI) === Using panel data analysis, this paper empirically examined the relationship between corporate governance and dividend payout for a sample of 109 firms listed on the JSE securities exchange over the per...

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Bibliographic Details
Main Author: Papo, Priscilla
Format: Others
Language:en
Published: 2016
Subjects:
Dividends > South Africa
Stocks > Prices > South Africa
Corporate governance > South Africa
Online Access:http://hdl.handle.net/10539/20937
Description
Summary:University of the Witwatersrand Wits Business School Master of Finance and Investment (MMFI) === Using panel data analysis, this paper empirically examined the relationship between corporate governance and dividend payout for a sample of 109 firms listed on the JSE securities exchange over the period 2009-2013. The results show that board composition is positively related to dividend payout while institutional ownership is negatively related to dividend payout. Our findings also show a positive association between firm growth and dividend payout.

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