A nexus between corporate gender diversity and dividend payout: Evidence from Asia Pacific
Zarmeena AnumInstitute of Business Administration, Khawaja Fareed University of Engineering and Information TechnologyAemin NasirDepartment of Management, The Business School, RMIT UniversityMd Billal HossainBusiness Management and Marketing Department, School of Business and Economics, Westminster International University in Tashkent (WIUT)Tahir Saeed JagiraniSchool of Economics, Finance and Banking, University Utara Malaysia (UUM)Fakhir ImranDepartment of Management Sciences, University of ChesterMónika Garai-FodorKeleti Károly Faculty of Business and Management, Obuda University
ABI
Abstract
The study investigates the impact of corporate gender diversity on dividend payouts in Asia-Pacific countries. The study used the data of 610 listed firms in the Asian Pacific region over eleven years, from 2006 to 2016, with 6710 observations. The regression results revealed that the representation of women on board and at least 30% on board positively relates to dividend payout. Board size and board independence have a significant negative relationship with dividend payouts. Overall, results suggest that gender diversity on corporate boards has a greater propensity to pay dividends in the mix of ownership structure, strong and weak corporate governance compliance, and horizontal agency conflict.
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