Nothing Special   »   [go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/a/idn/journl/v24y2021ispip129-150.html
   My bibliography  Save this article

Women In A Dual Board System And Dividend Policy

Author

Listed:
  • Tastaftiyan Risfandy

    (Universitas Sebelas Maret)

  • Timotius Radika

    (Universitas Sebelas Maret)

  • Leo Indra Wardhana

    (Universitas Gadjah Mada)

Abstract
We investigate whether female presence on firms’ board of commissioners and board of directors is associated with a higher dividend policy. Using panel data on 525 publicly listed firms in Indonesia between 2011 and 2018, we find that the impact of females’ presence on firms’ boards on dividend policy depends on their role as either an executive or a non-executive on the boards. Female directors are negatively associated with cash dividend payments, while female commissioners are positively associated with dividend payments in the case of only family-controlled firms. Our results provide insights into corporate governance practices in a two-tiered board system in a developing country.

Suggested Citation

  • Tastaftiyan Risfandy & Timotius Radika & Leo Indra Wardhana, 2021. "Women In A Dual Board System And Dividend Policy," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 24(Special I), pages 129-150, January.
    • Handle: RePEc:idn:journl:v:24:y:2021:i:spi:p:129-150
    DOI: https://doi.org/10.21098/bemp.v24i0.1465
    as

    Download full text from publisher

    File URL: https://bulletin.bmeb-bi.org/cgi/viewcontent.cgi?article=1036&context=bmeb
    Download Restriction: no
    File URL: https://libkey.io/https://doi.org/10.21098/bemp.v24i0.1465?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sangapta Damarjati Purba & Tastaftiyan Risfandy & Muizzuddin Muizzuddin & Muh. Rudi Nugroho, 2022. "Foreign institutional investors and dividend policy in Indonesia," Journal of Asset Management, Palgrave Macmillan, vol. 23(3), pages 235-245, May.

    More about this item

    Keywords

    Board of commissioners; Board of directors; Dividend policy; Gender diversity; Dual board system;
    All these keywords.

    JEL classification:

    • D04 - Microeconomics - - General - - - Microeconomic Policy: Formulation; Implementation; Evaluation
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:idn:journl:v:24:y:2021:i:spi:p:129-150. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Lutzardo Tobing or Jimmy Kathon (email available below). General contact details of provider: https://edirc.repec.org/data/bigovid.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.