Board National Diversity and Dividend Policy: Evidence from Egyptian Listed Companies
Posted: 23 May 2021
Date Written: May 6, 2021
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
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