The effect of the professional education background of the chairman of the board and executive management on dividend policy in Taiwanese listed companies
This study investigates whether company’s chairman of the board and management’s education background is business or accounting, their decision making will cause the result of company’s dividend policy or not. This study uses logistic and OLS regression method to exam Taiwanese public company from 2...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
LLC "CPC "Business Perspectives"
2017-03-01
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| Series: | Investment Management & Financial Innovations |
| Online Access: | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/7593/imfi_en_2016_01_He.pdf |
| _version_ | 1811285051530280960 |
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| author | Li-Jen He Hsiang-Tsai Chiang He-You Hong |
| author_facet | Li-Jen He Hsiang-Tsai Chiang He-You Hong |
| author_sort | Li-Jen He |
| collection | DOAJ |
| description | This study investigates whether company’s chairman of the board and management’s education background is business or accounting, their decision making will cause the result of company’s dividend policy or not. This study uses logistic and OLS regression method to exam Taiwanese public company from 2007 to 2011. The empirical result shows that when company’s chairman of the board graduates from business school, the company will pay less cash dividend. On the other hand, when more management education background is business or accounting, the company tends not to pay cash dividend. Furthermore, under the situation that chairman of the board is also the CEO of the company, when chairman of the board graduated from business school, the company tends not to pay cash dividend and pay less cash dividend |
| first_indexed | 2024-04-13T02:37:50Z |
| format | Article |
| id | doaj.art-a813fdc000e4447da673712e04e3e9e0 |
| institution | Directory Open Access Journal |
| issn | 1810-4967 1812-9358 |
| language | English |
| last_indexed | 2024-04-13T02:37:50Z |
| publishDate | 2017-03-01 |
| publisher | LLC "CPC "Business Perspectives" |
| record_format | Article |
| series | Investment Management & Financial Innovations |
| spelling | doaj.art-a813fdc000e4447da673712e04e3e9e02022-12-22T03:06:18ZengLLC "CPC "Business Perspectives"Investment Management & Financial Innovations1810-49671812-93582017-03-0113182310.21511/imfi.13(1).2016.017593The effect of the professional education background of the chairman of the board and executive management on dividend policy in Taiwanese listed companiesLi-Jen He0Hsiang-Tsai ChiangHe-You Hong1Ph.D., Assistant Professor, Department of Accounting and Information Systems, Asia University, TaiwanFeng Chia University, TaiwanThis study investigates whether company’s chairman of the board and management’s education background is business or accounting, their decision making will cause the result of company’s dividend policy or not. This study uses logistic and OLS regression method to exam Taiwanese public company from 2007 to 2011. The empirical result shows that when company’s chairman of the board graduates from business school, the company will pay less cash dividend. On the other hand, when more management education background is business or accounting, the company tends not to pay cash dividend. Furthermore, under the situation that chairman of the board is also the CEO of the company, when chairman of the board graduated from business school, the company tends not to pay cash dividend and pay less cash dividendhttps://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/7593/imfi_en_2016_01_He.pdf |
| spellingShingle | Li-Jen He Hsiang-Tsai Chiang He-You Hong The effect of the professional education background of the chairman of the board and executive management on dividend policy in Taiwanese listed companies Investment Management & Financial Innovations |
| title | The effect of the professional education background of the chairman of the board and executive management on dividend policy in Taiwanese listed companies |
| title_full | The effect of the professional education background of the chairman of the board and executive management on dividend policy in Taiwanese listed companies |
| title_fullStr | The effect of the professional education background of the chairman of the board and executive management on dividend policy in Taiwanese listed companies |
| title_full_unstemmed | The effect of the professional education background of the chairman of the board and executive management on dividend policy in Taiwanese listed companies |
| title_short | The effect of the professional education background of the chairman of the board and executive management on dividend policy in Taiwanese listed companies |
| title_sort | effect of the professional education background of the chairman of the board and executive management on dividend policy in taiwanese listed companies |
| url | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/7593/imfi_en_2016_01_He.pdf |
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