The Impact of Bankers on the Board on Corporate Dividend Policy: Evidence from an Emerging Market

Autor:	Yee-Chy Tseng, Ching-Ping Chang, Hao-Yun Liao, Ruey-Dang Chang
Rok vydání:	2012
Předmět:	Matching (statistics) Negative relationship business.industry Dividend Accounting Sample (statistics) Dividend policy Construct (philosophy) Emerging markets business General Economics Econometrics and Finance Finance Dividend payment
Zdroj:	Emerging Markets Finance and Trade. 48:192-212
ISSN:	1558-0938 1540-496X
DOI:	10.2753/ree1540-496x4801s112
Popis:	This study collects data from Taiwan publicly traded corporations that have banker directors between 2003 and 2007, together with a matching sample consisting of firms without banker directors. Variables used to construct empirical analyses are from the Taiwan Economic Journal (TEJ) database. The results indicate that there is a negative relationship between the presence of banker directors and the likelihood of dividend payment. This study contributes to lacuna in the existing banking literature by providing evidence on how banks influence listed corporate dividend policy in emerging markets.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::94929d88d856e9f517fc48140922bf6a https://doi.org/10.2753/ree1540-496x4801s112 Zobrazit plný text záznamu Plný text ve formátu PDF