Does gender diversity on firm’s board affect dividend payouts? Evidence from India

This study provides pioneering empirical evidence on board gender diversity and firm performance relationship for the case of large-scale agri-food companies in Russia. While Russia plays an important role in the global food security, its domestic agri-food production is heavily dependent on large scale producers. Our findings suggest a strong positive link between the percentage of female directors in boardrooms and firm performance. Moreover, in line with critical mass theory, boards with three or more female directors have greater impact on firm performance compared to boards with two or less female directors. Further analysis shows that the presence of female directors in the company has a positive impact on firm performance, mainly due to their executive, rather than monitoring effects. The paper shed light on gender diversity of Russian corporate boardrooms and provides empirical recommendations for policy makers as well as corporate executives in Russia.

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DETERMINANTS OF DIVIDEND PAYOUT RATIO: A STUDY OF KSE MANUFACTURING FIRMS IN PAKISTAN

IBT Journal of Business Studies ◽

10.46745/ilma.jbs.2017.13.01.02 ◽

2017 ◽

Vol 13 (1) ◽

pp. 12-24

Author(s):

Rehab Khan ◽

Keyword(s):

Cash Flow ◽

Stock Exchange ◽

Payout Policy ◽

Manufacturing Firms ◽

Cement Industry ◽

Panel Regression ◽

Sales Growth ◽

Significant Relation ◽

Dividend Payout ◽

Independent Variable

Purpose- Motive and cause of this study is pursuing to examine the determinants of dividend payout ratios of KSE listed companies in Pakistan. Design- This study used the data of ten sectors of cement industry and these companies are listed in Karachi stock exchange, and data is drives by 2003-2012, enlarge the current research on dividend payout policy. Panel regression model used to estimate the results. Corporate profitability has always been considered as a leading independent variable of dividend payout ratio. Findings- There are multitudinal factors other than corporate profitability that influence dividend decisions of the firm like taxes, cash flow and debt to equity, sales growth. This research analyzes that profitability, tax, and cash flow have a significant relation with dividend payout ratio. And debt to equity and sales growth has insignificant relationship with dividend payout ratio. Research Limitations- This research failed to collect the data of different sectors listed on KSE except Cement industry. And collect the data of only one sector (cement). There are other determinants exist that have a huge effect on payout ratio, than these which are included in the research.

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Compliance To Pay Zakat on Gold: A Study on UUM Staff

Global Review of Islamic Economics and Business ◽

10.14421/grieb.2016.042-03 ◽

2016 ◽

Vol 4 (2) ◽

pp. 090

Author(s):

Fatihah Adilah Sukri

Keyword(s):

Regression Analysis ◽

Multiple Regression Analysis ◽

Positive Attitude ◽

Positive Impact ◽

Muslim Women ◽

Independent Variable ◽

Relationship Of ◽

The Relationship ◽

Universiti Utara Malaysia ◽

Survey Approach

Abstract: This paper aims to examine the relationship of attitude, religious value, knowledge on zakat, law of zakat as independent variable (IV) and compliance to pay zakat on gold as dependent variable (DV). A survey approach has been adopted in this study while the data are collected via structured questionnaires. The questionnaire was distributed to 250 respondents of Muslim women staff among academician and non-academician from three colleges in Universiti Utara Malaysia (UUM), Sintok Kedah. In this study, the researchers developed a new construct in measuring the compliance to pay zakat on gold, knowledge on zakat and law of zakat. While, the construct in measuring attitude and religious value variable are borrowed from the previous study. The data are then quantitatively analyzed using SPSS program. The findings shows a high significant and positive correlation between compliance to pay zakat on gold and knowledge on zakat followed by religious value, attitude and law of zakat. Further analysis using multiple regression analysis indicated that only knowledge on zakat, attitude and law of zakat give a significant and positive impact on zakat compliance payment on gold. The result of study contributed to the knowledge of zakat compliance. It is implied that the zakat authority need to intensify their efforts to further improve the effectiveness of education about zakat. Besides, it is proposed that zakat authority strives to cultivate a positive attitude of society towards zakat on gold using various strategic method.

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Analisis Pengaruh Kepemimpinan, Budaya Kerja dan Sarana Prasarana Terhadap Prestasi Siswa SMA di Kota Manokwari

Agrotek ◽

10.30862/agt.v2i6.541 ◽

2018 ◽

Vol 2 (6) ◽

Author(s):

Supri Hadi

Keyword(s):

Student Achievement ◽

Regression Analysis ◽

Positive Association ◽

Free Variable ◽

Dominant Factor ◽

Test Accuracy ◽

Chi Square ◽

Cultural Variable ◽

Binary Regression Analysis ◽

Independent Variable

<em>Target of research is to know leadership factor influence, cultural of activity, and supply to SMA student achievement in Manokwari, and to know most dominant factor in influencing SMA student achievement in Manokwari. This research takes location at senior high school country and private sector in Town Manokwari. This Research is conducted in March - June 2011, with amount of population counted 1.498 people. Amount of taken sample in this research is 100 responders. Method at this research is regression logistic binary, test accuracy model regression used to assess accuracy regression model in this research is measured with chi-square value with test Hosmer and Lemeshow. Pursuant to result of logistic binary regression analysis obtained that independent variable consisting of leadership, cultural of activity, and supply have positive association to and significance to proved student achievement with sig value at third variable altogether < 0,05.� From three the free variable in the reality cultural variable of activity represent most dominant factor, this matter is proved from result of B expertise test or Exp (B) equal to 2,683, and coefficient beta value equal to 0,987 which actually is bigger than other variable.</em>

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An Insight of Linear Regression Analysis

Scientific Research Journal ◽

10.24191/srj.v15i2.9347 ◽

2018 ◽

Vol 15 (2) ◽

pp. 1

Author(s):

Set Foong Ng ◽

Yee Ming Chew ◽

Pei Eng Chng ◽

Kok Shien Ng

Keyword(s):

Regression Analysis ◽

Linear Regression ◽

Regression Model ◽

Hypothesis Testing ◽

Linear Regression Analysis ◽

Testing Procedure ◽

Coefficient Of Determination ◽

P Value ◽

Hypothesis Testing Procedure ◽

Independent Variable

Regression models are developed in various field of applications to help researchers to predict certain variables based on other predictor variables. The dependent variables in the regression model are estimated by a number of independent variables. Model utility test is a hypothesis testing procedure in regression to verify if there is a useful relationship between the dependent variable and the independent variable. The hypothesis testing procedure that involves p-value is commonly used in model utility test. A new technique that involves coefficient of determination R2 in model utility test is developed in this paper. The effectiveness of the model utility test in testing the significance of regression model is evaluated using simple linear regression model with the significance level α = 0.01, 0.025 and 0.05. The study in this paper shows that a regression model that is declared to be a significant model by using model utility test, however it fails to guarantee a strong linear relationship between the independent variable and dependent variable. Based on the evaluation presented in this paper, it is shown that the p-value approach in model utility test is not a good technique in evaluating the significance of a regression model. The results of this study could serve as a reference for other researchers applying regression analysis in their studies.

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Women on boards in India: a need or tokenism?

Management Decision ◽

10.1108/md-07-2017-0690 ◽

2018 ◽

Vol 56 (8) ◽

pp. 1769-1786 ◽

Cited By ~ 4

Author(s):

Varnita Srivastava ◽

Niladri Das ◽

Jamini Kanta Pattanayak

Keyword(s):

Gender Diversity ◽

Positive Association ◽

Regulatory Reform ◽

Corporate Boards ◽

Content Type ◽

Level Of Involvement ◽

Female Directors ◽

Women On Boards ◽

The Right ◽

The Impact

Purpose The purpose of this paper is to examine the significance of gender diversity on corporate boards in India in the light of recent regulatory reform introduced in the Companies’ Act, 2013 which mandated the presence of at least one woman on the corporate boards of all the listed firms. Design/methodology/approach Based on a panel of 300 firm-year observations for 15 years from 2001 to 2015, regression analysis has been conducted to analyze the relation between gender-related variables of corporate boards with firm-specific financial characteristic, cost of equity (COE) and return on assets (ROA) of firms listed in CNX Nifty, a major financial market index of India. Findings The analysis indicates that boards with gender diversity explain a slightly more than 5.5 percent change in a firm’s COE and have a much higher impact of 45 percent on a firm’s ROA. The presence of female directors on the boards and their independence have a negative association with the COE, whereas the level of involvement of female directors on different committees has a positive association with the ROA. Practical implications The findings may help theorists in defining the right mix of female on the corporate boards in an emerging economy. Also, by taking input from the findings, regulators and industry can formulate policies to foster gender diversity on corporate boards in India. Originality/value This study considers the recent regulatory norm introduced in India. This issue has still not been discussed and analyzed by researchers in India. It attempts to explain the impact a gender diverse board can make on a firm’s performance. It also makes valuable recommendations to improve the norms intended to more effectively foster gender diversity on corporate boards in India.

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Determinants of Dividend Policy in India – Special Reference to Nifty 50 Companies

Shanlax International Journal of Management ◽

10.34293/management.v9i2.4173 ◽

2021 ◽

Vol 9 (2) ◽

pp. 37-42

Author(s):

Kashish Katakwar ◽

Satyan Tenguriya ◽

Prashant Chhajer ◽

Vishal Mehta ◽

Vandana Gandhi

Keyword(s):

Regression Analysis ◽

Positive Relationship ◽

Dividend Policy ◽

Positive Impact ◽

Negative Relationship ◽

Dividend Payout ◽

Return On Equity ◽

Tax Rate ◽

Equity Risk ◽

The Impact

Dividend policy is the firm’s policy considered to structure the dividend payout of the shareholder of the company. Various factors are responsible for determining the dividend payout of the firm. In this research paper, we are exploring the determinants of the dividend policy of NSE, Nifty 50. This paper studies the impact of six basic variables on the dividend payout of NSE, Nifty 50 Index companies for the financial year 2015-16 to 2019-2020. These factors include liquidity, leverage, firm size, return on equity, risk and tax rate. Multiple regression analysis was used to study the impact of selected variables on the dividend policy of the companies under study. The results reveal that return on equity has a significant positive impact on dividend payout, whereas risk and tax rate have a significant negative impact.In contrast, there is a positive relationship and zero significance was found between liquidity and dividend payout and leverage and dividend payout. A negative relationship and no significance was found between the size of the firm and dividend payout. This means that liquidity, leverage and size of the firm failed to have any significant impact on the dividend payout of the companies under study.

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An Insight of Linear Regression Analysis

Scientific Research Journal ◽

10.24191/srj.v15i2.5477 ◽

2018 ◽

Vol 15 (2) ◽

pp. 1

Author(s):

Set Foong Ng ◽

Yee Ming Chew ◽

Pei Eng Chng ◽

Kok Shien Ng

Keyword(s):

Regression Analysis ◽

Linear Regression ◽

Regression Model ◽

Hypothesis Testing ◽

Linear Regression Analysis ◽

Testing Procedure ◽

Coefficient Of Determination ◽

P Value ◽

Hypothesis Testing Procedure ◽

Independent Variable

Regression models are developed in various field of applications to help researchers to predict certain variables based on other predictor variables. The dependent variables in the regression model are estimated by a number of independent variables. Model utility test is a hypothesis testing procedure in regression to verify if there is a useful relationship between the dependent variable and the independent variable. The hypothesis testing procedure that involves p-value is commonly used in model utility test. A new technique that involves coefficient of determination R2 in model utility test is developed in this paper. The effectiveness of the model utility test in testing the significance of regression model is evaluated using simple linear regression model with the significance level α = 0.01, 0.025 and 0.05. The study in this paper shows that a regression model that is declared to be a significant model by using model utility test, however it fails to guarantee a strong linear relationship between the independent variable and dependent variable. Based on the evaluation presented in this paper, it is shown that the p-value approach in model utility test is not a good technique in evaluating the significance of a regression model. The results of this study could serve as a reference for other researchers applying regression analysis in their studies.

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KEMAMPUAN KEPEMILIKAN INSTITUSIONAL MEMODERASI PENGARUH DIVERSITAS GENDER, KEBANGSAAN, PENGALAMAN DEWAN PADA LUAS INTELLECTUAL CAPITAL DISCLOSURE

E-Jurnal Ekonomi dan Bisnis Universitas Udayana ◽

10.24843/eeb.2018.v07.i02.p09 ◽

2018 ◽

pp. 543

Author(s):

IA Ika Vedanti Pratiwi ◽

I Dewa Nyoman Badera ◽

I Ketut Budiartha

Keyword(s):

Regression Analysis ◽

Intellectual Capital ◽

Negative Impact ◽

Positive Impact ◽

Gender Diversity ◽

Institutional Ownership ◽

Absolute Difference ◽

Analysis Technique ◽

Nationality Diversity ◽

Research Show

This research aims to obtain empirical evidence about the effect of gender diversity, nationality, experience on the wideness of IC Disclosure with institutional ownership as moderating variable. The sample of this research amounted to 78 companies from 440 non financial companies with intensive intellectual capital that are registered at BEI during period year of 2012-2015. Data analysis technique used in this research is multiple regression analysis and absolute difference value test. The result of this research show that gender diversity has negative impact on the wideness of IC Disclosure, nationality diversity has positive impact on the wideness of IC Disclosure, experience diversity has not impact on the wideness of IC Disclosure, the institutional ownership is able to moderate the effect of gender and nationality diversity on the wideness of IC Disclosure, the institutional ownership is not able to moderate the effect of experience diversity on the wideness of IC Disclosure.

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Impact of board characteristics on firm dividends: evidence from India

Corporate Governance ◽

10.1108/cg-12-2018-0383 ◽

2019 ◽

Vol 19 (6) ◽

pp. 1204-1215 ◽

Cited By ~ 2

Author(s):

Neeti Khetarpal Sanan

Keyword(s):

Gender Diversity ◽

Cash Flows ◽

Independent Directors ◽

Cross Sectional ◽

Dividend Payout ◽

Content Type ◽

Board Characteristics ◽

Female Directors ◽

Free Cash Flows ◽

The Impact

Purpose This study examined the impact of board size, independence and gender diversity on firm dividend payout. Furthermore, it examined whether the board characteristic–dividend payout relationship was moderated by free cash flows in the firm. Design/methodology/approach A total of 118 Indian firms representing multiple industries were examined for a period of four financial years from 2013 to 2016. The data are in panel form given the cross-sectional and time series nature of the study. Random effects specification was used for analysis Findings Results of the study indicated that the proportion of independent directors and proportion of female directors on the board have a negative and significant effect on dividend payout. In addition, the results showed a negative and significant moderating role of free cash flows, which implied that the magnitude of the impact of the proportion of independent directors and the proportion of female directors on the board on dividend payout is significantly greater in firms with high free cash flows. Overall, the results suggested that firms whose board characteristics signaled strong governance paid lower dividends. Originality/value This study contributes to a nuanced understanding of internal governance mechanisms by presenting evidence of the substitution hypothesis from an emerging economy, one in which firms operate within a unique regulatory framework of board composition.

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