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Title:Characteristics of the board of directors and dividend policy : a case study of banks in Western Balkans
Authors:ID Milašinović, Marko (Author)
ID Radojević, Aleksandra (Author)
ID Jovković, Biljana (Author)
Files:URL https://journals.um.si/index.php/oe/article/view/2701
 
URL https://journals.um.si/index.php/oe/article/view/2701
 
.pdf RAZ_Milasinovic_Marko_2023.pdf (390,43 KB)
MD5: 3183FF81CC6D82A0721613F803819E0B
 
Language:English
Work type:Scientific work
Typology:1.01 - Original Scientific Article
Organization:EPF - Faculty of Business and Economics
Abstract: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.
Keywords:banks, board of directors, gender structure, dividend policy, Western Balkans
Publication status:Published
Publication version:Version of Record
Publication date:05.04.2023
Year of publishing:2023
Number of pages:str. 10-18
Numbering:Vol. 69, no. 1
PID:20.500.12556/DKUM-85572-d6eb0226-bc14-b1ef-033f-ad95ee9a6812 New window
UDC:336.7:305-055.2
ISSN on article:0547-3101
COBISS.SI-ID:163020291 New window
DOI:10.2478/ngoe-2023-0002 New window
Publication date in DKUM:01.09.2023
Views:505
Downloads:264
Metadata:XML DC-XML DC-RDF
Categories:Misc.
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Record is a part of a journal

Title:Naše gospodarstvo : revija za aktualna gospodarska vprašanja
Shortened title:Naše gospod.
Publisher:Ekonomsko-poslovna fakulteta, Društvo ekonomistov Maribor, Ekonomski center Maribor
ISSN:0547-3101
COBISS.SI-ID:751364 New window

Licences

License:CC BY 4.0, Creative Commons Attribution 4.0 International
Link:http://creativecommons.org/licenses/by/4.0/
Description:This is the standard Creative Commons license that gives others maximum freedom to do what they want with the work as long as they credit the author.

Secondary language

Language:Slovenian
Title:Značilnosti upravnega odbora in politika dividend : študija primera bank na Zahodnem Balkanu
Abstract: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.
Keywords:banke, upravni odbor, struktura po spolu, dividendna politika, Zahodni Balkan


Collection

This document is a part of these collections:
  1. Naše gospodarstvo

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