Empirical Evidences Regarding Correlation between Dividend Policy and the Performance of Companies Listed on the Bucharest Stock Exchange

Moscu, Raluca Georgiana

doi:10.6007/ijarbss/v4-i12/1379

Cited by 5 publications

(5 citation statements)

References 16 publications

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“…This result on the leadership structure reported in Table 4 is consistent with the results of previous studies focused on the corporate governance-financial performance relationship (e.g., Tian and Lau, 2001;Belkhir, 2009;Ramdani and Witteloostuijn, 2010;Ammari et al, 2014;Moscu, 2015), but is also in contradiction to those of most of the earlier research (e.g., Rechner and Dalton, 1991;Kaymak and Bektas, 2008;Grove et al, 2011;Veprauskaite and Adams, 2013;Liang et al, 2013;Doğan et al, 2013;Kouki andGuizani, 2015 andDuru et al, 2016;among others). With regard to the size of boards (Ln(BS)), there is a negative relation between Ln(BS) and ROAA but this relation is not statistically significant i.e., the size of boards has no significant influence on ROAA.…”

Section: Resultssupporting

confidence: 90%

“…Besides, leadership structure weakens the impact of outside directors on financial performance. Moscu (2015) studies the relationship between CEO duality and accounting performance measure for a sample of 55 listed Romanian firms during the period 2010-2013. The findings from panel data regression analysis indicate that there is positive and significant linkage between Chairman-CEO duality and return on assets.…”

Section: Literature Reviewmentioning

confidence: 99%

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The dynamic association between CEO-duality and bank performance: the moderating role of board size

Işık¹

2017

Pressacademia

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Purpose -The aim of this study is to examine the association between CEO-duality and bank financial performance in Turkey. Methodology -All parameter estimates of regression models are based on the system GMM panel regression analyses. Our data covers all commercial banks operating in Turkish banking sector during the period 2007-2013. Findings -Our empirical results imply that CEO-duality has a significantly positive effect on bank financial performance measured by the ratio of net income to the average total assets. In addition, we find a negative moderating impact of board on the positive linkage between CEO-duality and bank performance. Conclusion -It can be concluded that as the number of members of the board raises, the positive influence of CEO-duality decreases for Turkish banking sector in the analyzed period.

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Section: Resultssupporting

confidence: 90%

Section: Literature Reviewmentioning

confidence: 99%

The dynamic association between CEO-duality and bank performance: the moderating role of board size

Işık¹

2017

Pressacademia

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“…Также оценивают, имеют ли влияние стаж директора и его возраст на финансовую деятельность компании. С одной стороны, больший стаж и возраст должны говорить об опыте менеджера, с другойс годами людями свойственно становиться более консервативными и осторожными, что не всегда благоприятно сказывается на перспективах бизнеса [26]. Те же переменные можно применить не только по отношению к гендиректору, но и всему составу СД.…”

Section: характеристики генерального директора и других директоровunclassified

THE MAIN VARIABLES IN THE ANALYSIS OF CORPORATE GOVERNANCE PROCEDURES

Krasnov¹,

Shmeleva²

2023

Вестник Алтайской академии экономики и права

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Корпоративное управление -совокупность решений, процедур и практик, обеспечивающих наиболее эффективное управление крупными компаниями и достижение финансовых и нефинансовых целей. Исследование эффективности корпоративного управления для больших выборок компаний ведётся с использованием статистических методов, для чего требуется чётко определить какие именно переменные должны использоваться и, соответственно, какие данные должны быть собраны. Целью данной статьи является обзор переменных, используемых в академической литературе, посвященной эффективности корпоративного управления. В частности, рассматривается пять основных групп переменных, связанных с характеристиками генерального директора и других директоров; структурой совета директоров; структурой и типами владельцев акций; доходами директоров; комитеты в составе совета директоров и качеством аудита.

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“…La literatura hace referencia a la conexión existente entre el gobierno corporativo y el desempeño organizacional, especialmente, con los resultados financieros medidos por el indicador ROA (Ahmed & Hamdan, 2014;Cioban, 2016;Huang, Li, Meschke & Guthrie, 2015;Macías & Román, 2014;Moscu, 2015;Mu-ravyev, 2016;Müller, 2014;Rahim, Mahat, Nassir & Yahya, 2015;Reem, Allam & Wajeeh, 2015;Rose, 2016); algunos análisis de desempeño organizacional evidencian que un mejor ejercicio directivo, medido por los grados de cumplimiento de lo expuesto en la teoría de gobierno corporativo, presentan mejores resultados financieros.…”

Section: Gobierno Corporativo Y Códigos De Buen Gobiernounclassified

Generación De Rendimientos Financieros Positivos, Dada La Divulgación De Los Contenidos De Los Códigos De Buen Gobierno en Las Organizaciones Cotizadas en Colombia

Beltrán¹,

Romero²,

Melo³

2018

Universidad&Empresa

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I. C. (2018). Generación de rendimientos financieros positivos, dada la divulgación de los contenidos de los códigos de buen gobierno en las organizaciones cotizadas en Colombia. Universidad & Empresa, 20(35), 169-196. Doi: http://dx.doi. org/10.12804/revistas.urosario.edu.co/empresa/a.5846 RESUMENEste trabajo explica la relación entre el desempeño financiero de las empresas y la divulgación de los códigos de buen gobierno. Una regresión logística se realiza mediante el método de estimación de máxima verosimilitud. Los resultados muestran que la probabilidad de generar un ROA positivo es mayor cuando se divulgan de manera significativa los contenidos de los códigos de buen gobierno. Las investigaciones futuras pueden arrojar luz sobre el impacto del comportamiento directivo en los beneficios económicos y sociales. Palabras clave: Gobierno corporativo, códigos de buen gobierno, desempeño financiero. ABSTRACTThis work explains the causal relationship between companies' financial performance and codes of good governance. A logistic regression is estimated through the maximum likelihood estimation method. The results show that the probability of generating a positive roa is higher as the contents of the code of good governance are published. Future research may shed light on the impact of managerial behavior on economic and social benefits.Este trabalho explica a relação entre o desempenho financeiro das empresas e a divulgação dos códigos de bom governo. Uma regressão logística estima-se mediante o método de estimação de máxima verosimilitude. Os resultados mostram que a probabilidade de gerar um ROA positivo é maior quando se divulgam de maneira significativa os conteúdos dos códigos de bom governo. As pesquisas futuras podem lançar alguma luz sobre o impacto do comportamento diretivo nos benefícios económicos e sociais. Palavras-chave: Governo corporativo, códigos de bom governo, desempenho financeiro.

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Empirical Evidences Regarding Correlation between Dividend Policy and the Performance of Companies Listed on the Bucharest Stock Exchange

Abstract: Abstract

Cited by 5 publications

References 16 publications

The dynamic association between CEO-duality and bank performance: the moderating role of board size

The dynamic association between CEO-duality and bank performance: the moderating role of board size

THE MAIN VARIABLES IN THE ANALYSIS OF CORPORATE GOVERNANCE PROCEDURES

Generación De Rendimientos Financieros Positivos, Dada La Divulgación De Los Contenidos De Los Códigos De Buen Gobierno en Las Organizaciones Cotizadas en Colombia

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