DOES CORPORATE GOVERNANCE AFFECT DIVIDEND POLICY: EVIDENCE FROM ASEAN EMERGING MARKET

Risk Governance & Control: Financial Markets & Institutions

Gatot Nazir Ahmad¹ 

关键词: Corporate Governance;    Dividend Pay Out;    Free Cash Flow;    OLS;   

DOI  :  10.22495/rgcv5i1c1art2

学科分类：社会科学、人文和艺术（综合）

来源: Virtus Interpress

【 摘 要 】

This research-work uses a survey which comes from three different countries in ASEAN region i.e Indonesian, Thiland and Malaysian. This work integrate whole data from above all countries to examine whether firms that do corporate governance practising will pay higher dividends. This study has two issues: how regulation of stock exchange affects good corporate governance and how corporate governance affects value of the firm. Using OLS regression, our finding shows that good corporate governance practices has positive sign to dividend pay out. Our finding may contribute to corporate governance literature.First, result finding support Jensen’s (1986) that states free csah flow not reduce dividends pay out. Second, integrating emprical model from three different countires in ASEAN region.

【 授权许可】

CC BY-NC