Dividend policy and corporate governance in emerging markets: the South African case
Date
2016-08-25
Authors
Papo, Priscilla
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Abstract
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.
Description
University of the Witwatersrand
Wits Business School
Master of Finance and Investment (MMFI)