The Impact of Corporate Governance on Dividend Policy: Empirical Evidence from Tunisian Listed Companies
Doctor in Finance et al.
What the paper says
Corporate governance is the system of rules; practices and processes by which a firm is directed and controlled. Corporate governance essentially involves balancing the interests of a company among stakeholders such as stakeholders; senior management; wealth customers; suppliers; financiers; the government and the community. On the other hand dividend decision arises at the time when a company earns extra profit. This decision is linked to with the distribution or retention of corporate profits to improve the share value of the firm. In this article we studied the impact of corporate governance on firm dividend. We used a model of panel static for the sample of 30 firms quoted in Tunisian stock exchange over the period (2015…2024). We found that board independence ; duality ; ownership concentration ; return on assets have a positive impact on dividend of firm but leverage ; managerial ownership ; size of audit committee ; inflation have a negative impact on firm dividend.
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.50 × 0.4 = 0.20 |
| M · momentum | 0.50 × 0.15 = 0.07 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.