CEO characteristics and dividend payout policies: evidence from emerging market

AbdulHamid, S and Dalwai, T ORCID: https://orcid.org/0000-0001-5754-5384, 2024. CEO characteristics and dividend payout policies: evidence from emerging market. In: Mansour, N and Bujosa Vadell, LM, eds., Sustainability and financial services in the digital age: Proceedings from the 3rd Finance, Accounting, and Law in the Digital Age Conference, Salamanca, Spain, 2024. Springer proceedings in business and economics . Cham: Springer, pp. 157-171. ISBN 9783031675102

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Abstract

This study investigates the impact of CEO characteristics on the dividend policies of an emerging market, Oman. The research also provides insight into this relationship changes before and during the pandemic. A sample of 414 firm-year observations of listed non-financial firms is used for the period 2016 to 2021. The CEO characteristics include gender, education, nationality, narcissism and tenure. The results suggest that firms with male CEOs are more likely to have dividend payout for the firms in Oman. This relationship remains consistent before and during the pandemic. Firms with CEOs having bachelor’s/diploma degrees were also more likely to have more dividend payouts. This relationship becomes insignificant during the pandemic. Firms were likely to have more dividend payouts if their CEOs were expatriates but this relationship did not hold during the pandemic. CEO Narcissism and Tenure had no significant impact on the dividend policies of the firms in Oman. The results confirm the signaling theory that indicates dividends for future accounting earnings exist if there are male CEOs with a bachelor’s degree and are usually non-Omani’s.

Item Type:	Chapter in book
Creators:	AbdulHamid, S. and Dalwai, T.
Publisher:	Springer
Place of Publication:	Cham
Date:	22 October 2024
ISBN:	9783031675102
Identifiers:	Number Type 10.1007/978-3-031-67511-9_10 DOI 2265756 Other
Divisions:	Schools > Nottingham Business School
Record created by:	Jonathan Gallacher
Date Added:	28 Oct 2024 12:50
Last Modified:	28 Oct 2024 12:50
URI:	https://irep.ntu.ac.uk/id/eprint/52475

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