Does board demographic diversity affect the dividend payout policy in Turkey?

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dc.authorid0000-0001-6036-0559
dc.authorscopusid57225170214
dc.authorscopusid57214083720
dc.authorscopusid45160937100
dc.contributor.authorYılmaz, Mustafa Kemal
dc.contributor.authorKhan, Ajab
dc.contributor.authorAksoy, Mine
dc.contributor.otherYönetim Bilimleri Fakültesi, İşletme Bölümü
dc.date.accessioned2022-07-29T12:03:15Z
dc.date.available2022-07-29T12:03:15Z
dc.date.issued2022
dc.departmentİHÜ, Yönetim Bilimleri Fakültesi, İşletme Bölümü
dc.departmentİHÜ, Lisansüstü Eğitim Enstitüsü, İşletme Ana Bilim Dalı
dc.description[ArticleInPress]
dc.description.abstractPurpose – The purpose of this study is to investigate the impact of board demographic diversity on the dividend payout policy in Turkish capital markets. Design/methodology/approach –Using a sample of 67 non-financial companies listed on Borsa Istanbul 100 index from 2013 to 2018, this study examines the influence of board demographic diversity on dividend payout policies in Turkish capital markets. The authors also create a Demographic Board Diversity Index (DBDI) to estimate the composite cognitive diversity. The authors use dividend payment probability, dividend payout ratio, and dividend yield to measure the dividend policy and employ panel logit and tobit regression models. Findings – The results indicate that diversity in nationality, experience and educational background play an influential role in encouraging companies to pay high dividends, while gender, tenure and age diversity are insignificant in affecting dividend payments. The findings also suggest that the DBDI positively affects the companies in formulating the dividend payout policies. Finally, the findings show that the family-owned companies with diverse board members have a negative influence on dividend payment intensity. Originality/value – The results offer valuable insights for companies and policymakers in emerging markets to develop a more refined governance structure accommodating board demographic diversity attributes to mitigate agency conflicts between controlling and minority shareholders through setting up effective dividend payout policies.
dc.identifier.citationKhan, A., Yılmaz, M.K. ve Aksoy, M. (2022), Does board demographic diversity affect the dividend payout policy in Turkey? EuroMed Journal of Business, ArticleInPress. https://doi.org/10.1108/EMJB-01-2022-0019
dc.identifier.doi10.1108/EMJB-01-2022-0019
dc.identifier.issn1450-2194
dc.identifier.scopus2-s2.0-85133161305
dc.identifier.scopusqualityQ1
dc.identifier.urihttps://doi.org/10.1108/EMJB-01-2022-0019
dc.identifier.urihttps://hdl.handle.net/20.500.12154/1857
dc.identifier.wosWOS:000819332400001
dc.identifier.wosqualityQ2
dc.indekslendigikaynakScopus
dc.indekslendigikaynakWeb of Science
dc.institutionauthorYılmaz, Mustafa Kemal
dc.institutionauthorKhan, Ajab
dc.institutionauthorid0000-0001-6036-0559
dc.language.isoen
dc.publisherEmerald Publishing
dc.relation.ihupublicationcategory117
dc.relation.ispartofEuroMed Journal of Business
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.relation.publicationcategoryTezden Üretilmiş Yayın
dc.relation.publicationcategoryÖğrenci
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectBorsa Istanbul
dc.subjectBoard Demographic Diversity
dc.subjectDividend Policy
dc.subjectFamily Ownership
dc.subjectTurkey
dc.titleDoes board demographic diversity affect the dividend payout policy in Turkey?
dc.typeArticle
dspace.entity.typePublication
relation.isAuthorOfPublication9b408141-b1c4-485b-8f06-14ff4eccc6a7
relation.isAuthorOfPublication.latestForDiscovery9b408141-b1c4-485b-8f06-14ff4eccc6a7
relation.isOrgUnitOfPublicationc9253b76-6094-4836-ac99-2fcd5392d68f
relation.isOrgUnitOfPublication.latestForDiscoveryc9253b76-6094-4836-ac99-2fcd5392d68f

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