The Effect of the Professional Education Background of the Chairman of the Board and Executive Management on Dividend Policy

• Main Author: 洪鶴祐
• Other Authors: 江向才
• Format: Others
• Language: zh-TW
• Published: 2014
• Online Access: http://ndltd.ncl.edu.tw/handle/09492274213749622186

碩士 === 逢甲大學 === 會計學系 === 102 === This study investigates whether when company’s chairman of the board and management’s education background is business or accounting, their decision making will cause the result of company’s dividend policy or not. This study use logistic and OLS regression method to exam Taiwanese public company from 2007 to 2011. The empirical result shows that when company’s chairman of the board’s graduate from business school, the company will pay less Cash dividend. On the other hand, when the more management’s education background is business or accounting, the company tends to don’t pay cash dividend. Furthermore, under the situation that chairman of the board is also the CEO of the company, when chairman of the board graduated from business school, the company tends to don’t pay cash dividend and pay less cash dividend.