The Impact of Board Gender Composition on Dividend Payouts

• Main Authors: YANG,SHIN-RU, 楊欣如
• Other Authors: LIN, KUN-LI
• Format: Others
• Language: zh-TW
• Published: 2018
• Online Access: http://ndltd.ncl.edu.tw/handle/v4cg42

碩士 === 逢甲大學 === 金融碩士在職學位學程 === 106 === This paper investigates whether female independent directors are more likely to impose high dividend payouts on Taiwan Banking Constituents. We employs Weighted least squares by combining six Independent variables and three Dependent variables. The research period starts in 2007 to 2016 in a annual data. Our empirical results indicate: (i) the Correlation coefficient of cash dividend distribution is 1.416(1% Level of Significance) (ii) the Correlation coefficient of stock dividends distribution is -0.786(5% Level of Significance) (Ⅲ) the Correlation coefficient of cash dividend and stock dividend distribution is 0.63(10% Level of Significance). The empirical evidence shows that female independent directors may more cash dividend payout but less stock dividend payout.