20.500.12556/DKUM-85572-d6eb0226-bc14-b1ef-033f-ad95ee9a6812 Characteristics of the board of directors and dividend policy a case study of banks in Western Balkans Značilnosti upravnega odbora in politika dividend študija primera bank na Zahodnem Balkanu This paper examines the influence of the size and participation of women in the board of directors on the dividend policy of banks in Western Balkans. The research covered 104 banks, observing their dividend policy from 2017 to 2019. The dividend payout ratio was measured by the dividend policy. A relatively small number of banks paid dividends during the observation period. By applying the Fixed-Effect model, it was determined that the size of the board of directors has a statistically significant positive impact on the dividend policy of observed banks. Concerning the participation of women on the board of directors, a statistically significant impact on the dividend policy of banks was not identified. In addition to contributing to the existing literature on corporate finances, the research results can be crucial to investors when deciding to invest funds in bank stocks. Ta članek proučuje vpliv velikosti in udeležbe žensk v upravnem odboru na dividendno politiko bank na Zahodnem Balkanu. Raziskava zajema 104 banke, pri čemer opazuje njihovo dividendno politiko v obdobju od leta 2017 do leta 2019. Dividendna politika je merjena s količnikom izplačila dividend. V opazovanem obdobju je dividende izplačevalo razmeroma majhno število bank. Z uporabo modela s fiksnim učinkom je bilo ugotovljeno, da ima velikost upravnega odbora statistično značilen pozitiven vpliv na dividendno politiko opazovanih bank. V zvezi z udeležbo žensk v upravnem odboru ni bil ugotovljen statistično značilen vpliv na dividendno politiko bank. Rezultati raziskave so lahko, razen tega, da prispevajo k obstoječi literaturi s področja korporativnih financ, pomembni tudi za investitorje, ko se odločajo o vlaganju sredstev v delnice bank. banks board of directors gender structure dividend policy Western Balkans banke upravni odbor struktura po spolu dividendna politika Zahodni Balkan true false true Angleški jezik Slovenski jezik Znanstveno delo 2023-09-01 12:51:57 2023-09-01 12:51:57 2025-06-06 03:06:25 0000-00-00 00:00:00 2023 0 0 str. 10-18 no. 1 Vol. 69 2023 0000-00-00 Zaloznikova Objavljeno NiDoloceno 0000-00-00 0000-00-00 2023-04-05 336.7:305-055.2 163020291 10.2478/ngoe-2023-0002 0547-3101 https://journals.um.si/index.php/oe/article/view/2701 1 92d9ca76-48b5-11ee-b9d2-00155d000105 https://dk.um.si/Dokument.php?lang=slv&id=171189 https://journals.um.si/index.php/oe/article/view/2701 1 633eb3ff-4216-11f0-9cf0-00155d000105 https://dk.um.si/Dokument.php?lang=slv&id=191829 RAZ_Milasinovic_Marko_2023.pdf RAZ_Milasinovic_Marko_2023.pdf 1 3183FF81CC6D82A0721613F803819E0B ceb344eb3cfa55cdbe3251393c39fced51c0bdfcd92c234b742e18a53a818f46 9c61ccd7-3ba6-11f0-a3df-00155d000105 https://dk.um.si/Dokument.php?lang=slv&id=191367 Ekonomsko-poslovna fakulteta Naše gospodarstvo 0 0 0