مجلة الإدارة والتنمية للبحوث والدراسات
Volume 13, Numéro 1, Pages 767-786
2024-06-01

The Impact Of Corporate Governance On Dividend Distribution Policy: An Econometric Study Of French Firms Listed On The Cac40 Index

Authors : Boudermine Sarra . Keddam Djamel .

Abstract

This study aims to test the impact of corporate governance on dividend policy for a sample consisting of 22 French companies listed on the CAC40 index during the period 2012-2022. and to achieve the goal of the study, we relied panel data. The study found no statistically significant effect of the board's independence on the dividend distribution policy. However, it found a positive and statistically significant effect of CEO duality, gender diversity on the board, while foreign board members had a negative and statistically significant effect. The results also indicated a positive and statistically significant effect of control variables represented by earnings per share, company size, and leverage.

Keywords

Corporate Governance ; Board of Directors ; Dividend Distribution Policy ; Panel Models