Dividend payout and corporate governance in emerging markets: which governance provisions matter?

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Thomas O'Connor;
  • Subject: Corporate governance; Outcome and substitution agency models of dividends; Dividend payout; Emerging markets.

In this paper I examine the relationship between individual corporate governance provisions and corporate dividend payout. Using a sample of 220 firms from 21 emerging market countries, I show that dividend payout is an outcome of strong corporate governance. On closer ... View more
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