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

Author's Department

Accounting Department

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https://doi.org/10.1016/j.frl.2021.102132

All Authors

Nermeen Shehata

Document Type

Research Article

Publication Title

Finance Research Letters

Publication Date

1-1-2021

doi

10.1016/j.frl.2021.102132

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.

First Page

1

Last Page

8

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