Determinants of corporate governance.

In this report, we investigate the determinants of corporate governance and the effects of dividend payout on CG. In the absence of strong corporate governance, dividends act as a control for inefficient managerial behavior. We traced the corporate governance development and dividend payout ratio...

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Main Authors: Chew, Siew Ling., Khiu, Chwee Choon., Lee, Jerry Kuan Siong.
Other Authors: Shrestha, Keshab Man
Format: Final Year Project
Published: 2008
Subjects:
Online Access:http://hdl.handle.net/10356/10896
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Institution: Nanyang Technological University
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spelling sg-ntu-dr.10356-108962023-05-19T07:23:11Z Determinants of corporate governance. Chew, Siew Ling. Khiu, Chwee Choon. Lee, Jerry Kuan Siong. Shrestha, Keshab Man Nanyang Business School DRNTU::Business::Finance::Corporate governance In this report, we investigate the determinants of corporate governance and the effects of dividend payout on CG. In the absence of strong corporate governance, dividends act as a control for inefficient managerial behavior. We traced the corporate governance development and dividend payout ratio in four Asian countries namely, Singapore, Malaysia, Hong Kong and Korea for the period 2002-2006. Our empirical results show that country level characteristics are better than firm level characteristics in explaining CG. We also deduced that dividends do not have a significant effect on a firm’s corporate governance. This means that the use of dividends as a form of control for agency cost is not that prevalent. Controls for corporate governance such as growth, profitability, leverage, ownership, firm size and ratio for cash holdings are taken into consideration in the empirical test. 2008-09-24T07:48:46Z 2008-09-24T07:48:46Z 2008 2008 Final Year Project (FYP) http://hdl.handle.net/10356/10896 Nanyang Technological University application/pdf
institution Nanyang Technological University
building NTU Library
continent Asia
country Singapore
Singapore
content_provider NTU Library
collection DR-NTU
topic DRNTU::Business::Finance::Corporate governance
spellingShingle DRNTU::Business::Finance::Corporate governance
Chew, Siew Ling.
Khiu, Chwee Choon.
Lee, Jerry Kuan Siong.
Determinants of corporate governance.
description In this report, we investigate the determinants of corporate governance and the effects of dividend payout on CG. In the absence of strong corporate governance, dividends act as a control for inefficient managerial behavior. We traced the corporate governance development and dividend payout ratio in four Asian countries namely, Singapore, Malaysia, Hong Kong and Korea for the period 2002-2006. Our empirical results show that country level characteristics are better than firm level characteristics in explaining CG. We also deduced that dividends do not have a significant effect on a firm’s corporate governance. This means that the use of dividends as a form of control for agency cost is not that prevalent. Controls for corporate governance such as growth, profitability, leverage, ownership, firm size and ratio for cash holdings are taken into consideration in the empirical test.
author2 Shrestha, Keshab Man
author_facet Shrestha, Keshab Man
Chew, Siew Ling.
Khiu, Chwee Choon.
Lee, Jerry Kuan Siong.
format Final Year Project
author Chew, Siew Ling.
Khiu, Chwee Choon.
Lee, Jerry Kuan Siong.
author_sort Chew, Siew Ling.
title Determinants of corporate governance.
title_short Determinants of corporate governance.
title_full Determinants of corporate governance.
title_fullStr Determinants of corporate governance.
title_full_unstemmed Determinants of corporate governance.
title_sort determinants of corporate governance.
publishDate 2008
url http://hdl.handle.net/10356/10896
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