Board National Diversity and Dividend Policy: Evidence from Egyptian Listed Companies

Posted: 23 May 2021

Date Written: May 6, 2021

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.

Keywords: Board Diversity, Dividend, Egypt

JEL Classification: G34, G35, M14, M49

Suggested Citation

Shehata, Nermeen F., Board National Diversity and Dividend Policy: Evidence from Egyptian Listed Companies (May 6, 2021). Finance Research Letters, 2021, Available at SSRN: https://ssrn.com/abstract=3848968

Nermeen F. Shehata (Contact Author)

The American University in Cairo ( email )

AUC Avenue
P.O. Box 74, New Cairo 11835
Cairo
Egypt

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