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Impact of Corporate Governance on Dividend Policy of Nepalese Enterprises

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Business Governance and Society

Abstract

This study examines the relationship between corporate governance and dividend policy of Nepalese enterprises. The dividend payout and dividend yield are the selected dependent variables. Firm size, liquidity, CEO duality, return on assets, foreign ownership, gender diversity on board, managerial ownership, institutional ownership and leverage are the independent variables. The study is based on 126 observations of 14 Nepalese commercial banks and seven insurance companies for the period of six years from 2010–2011 to 2015–2016. The data are collected from the annual reports of selected Nepalese commercial banks and insurance companies. The multiple regression models are performed to test the significance and impact of corporate governance on the dividend policy of Nepalese enterprises.

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Authors and Affiliations

  1. Uniglobe College, Thribhuvan University, Kathmandu, Nepal

    Nar B. Bista, Nitesh Raj Bartaula, Om Shrestha, Pooja Gnawali, Poshan Lamichhane & Pratiksha Parajuli

Authors
  1. Nar B. Bista
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  2. Nitesh Raj Bartaula
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  3. Om Shrestha
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  4. Pooja Gnawali
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  5. Poshan Lamichhane
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  6. Pratiksha Parajuli
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Corresponding author

Correspondence to Nar B. Bista .

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Editors and Affiliations

  1. EGADE Business School, Mexico City, Mexico

    Rajagopal

  2. International Management Institute, Bhubaneswar, India

    Ramesh Behl

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Bista, N.B., Bartaula, N.R., Shrestha, O., Gnawali, P., Lamichhane, P., Parajuli, P. (2019). Impact of Corporate Governance on Dividend Policy of Nepalese Enterprises. In: Rajagopal, Behl, R. (eds) Business Governance and Society. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-94613-9_21

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