Impact of gender dichotomy on dividend payout policy in listed Nigerian financial services firm

References

• Abdelsalam, O., El-Masry, A., & Elsegini, S. (2008). Board composition, ownership structure, and dividend policies in an emerging market: Further evidence from CASE 50. Managerial Finance, 34(12), 953–10. doi:10.1108/03074350810915879
   Web of Science ®Google Scholar
• Abdullah, S. N., Ismail, K. N. I. K., & Nachum, L. (2016). Does having women on boards create value? The impact of societal perceptions and corporate governance in emerging markets. Strategic Management Journal, 37(3), 466–476. doi:10.1002/smj.2016.37.issue-3
   Web of Science ®Google Scholar
• Adams, R., & Ferreira, D. (2009). Women in the boardroom and their impact on governance and performance. Journal of Financial Economics, 94, 291–309. doi:10.1016/j.jfineco.2008.10.007
   Web of Science ®Google Scholar
• Ahmad, M. A., & Alshbiel, S. E. (2016). Women in Jordanian banks and performance: Financial accounting measurement. Risk Governance and Control: Financial Markets and Institutions, 6(3), 5–15.
   Google Scholar
• Akintimehin, O. O., Eniola, A. A., Alabi, O. J., Eluyela, D. F., Okere, W., & Ozordi, E. (2019). Social capital and its effect on business performance in the Nigeria informal sector. Heliyon, 5. doi:10.1016/j.heliyon.2019.e02024
   Web of Science ®Google Scholar
• Al-Matari, E. M., Al-Swidi, A. K., Fadzil, F. H., & Al-Matari, Y. A. (2012). The Impact of board characteristics on firm performance: Evidence from nonfinancial listed companies in Kuwaiti stock exchange. International Journal of Accounting and Financial Reporting, 2(2), 310. doi:10.5296/ijafr.v2i2.2384
   Google Scholar
• Al-Najjar, B., & Hussainey, K. (2009). The association between dividend payout and outside directorships. Journal of Applied Accounting Research, 10(1), 4–19. doi:10.1108/09675420910963360
   Google Scholar
• Audet, M. (2006). To modernise the public corporations’ governance. In Statement of Policy (pp. 33–40).
   Google Scholar
• Bel-oms, I. (2015). Original article The board of directors and dividend policy : The effect of gender diversity. 1977, 1–25. doi:10.1093/icc/dtv040
   Google Scholar
• Boumosleh, A., & Cline, B. N. (2015). Outside director stock options and dividend policy. Journal of Financial Services Research, 47(3), 381–410. doi:10.1007/s10693-013-0174-2
   Web of Science ®Google Scholar
• Cabrera-Fernandez, A. I., Martinez-Jimenez, R., & Hernandez-Ortiz, M. J. (2016). Women’s participation on boards of directors: A review of the literature. International Journal of Gender and Entrepreneurship, 8(1), 69–89. doi:10.1108/IJGE-02-2015-0008
   Web of Science ®Google Scholar
• Campbell, K., & Minguez-Vera, A. (2008). Gender diversity in the boardroom and firm financial performance. Journal of Business Ethics, 83(3), 435–451. doi:10.1007/s10551-007-9630-y
   Web of Science ®Google Scholar
• Carter, D. A., Simkins, B. J., & Simpson, W. G. (2003). Corporate governance, board diversity, and firm value. Financial Revision, 38, 33–53. doi:10.1111/1540-6288.00034
   Google Scholar
• Carter, M. E., Franco, F., & Gine, M. (2017). Executive gender pays gaps: The roles of female risk aversion and board representation. Contemporary Accounting Research, 34(2), 1232–1264. doi:10.1111/1911-3846.12286
   Web of Science ®Google Scholar
• Chen, J., Leung, W. S., & Goergen, M. (2017). The impact of board gender composition on dividend payouts. Journal of Corporate Finance, 43, 86–105. doi:10.1016/j.jcorpfin.2017.01.001
   Web of Science ®Google Scholar
• Cumming, D. J., Leung, T. Y., & Rui, O. M. (2015). Gender diversity and securities fraud. Academy of Management Journal, 58(5), 1572–1593. doi:10.5465/amj.2013.0750
   Web of Science ®Google Scholar
• Custodio, C., & Metzger, D. (2014). Financial expert CEOs: CEO’s work experience and firm’s financial policies. Journal of Financial Economics, 114(1), 125–154. doi:10.1016/j.jfineco.2014.06.002
   Web of Science ®Google Scholar
• Djan, G. O., Zehou, S., & Bawuah, J. (2017). Board gender diversity and dividend policy in SMEs: Moderating role of capital structure in emerging market. Journal of Research in Business, Economics and Management, 9(2), 1667–1676.
   Google Scholar
• Eluyela, D. F., Adetula, D. T., Obasaju, O. B., Ozordi, E., Akintimehin, O., & Popoola, O. (2019). Foreign directors, indigenous directors and dividend payout structure in Nigerian deposit money banks. Banks and Bank System, 14(2), 1–14. doi:10.21511/bbs.14(2).2019.16
   Google Scholar
• Eluyela, D. F., Akintimehin, O. O., Okere, W., Ozordi, E., Osuma, G. O., Ilogho, S. O., & Oladipo, O. A. (2018a). Datasets for board meeting frequency and financial performance of Nigerian deposit money banks. Data in Brief, 19, 1852–1855. doi:10.1016/j.dib.2018.06.044
   PubMed Web of Science ®Google Scholar
• Eluyela, D. F., Akintimehin, O. O., Ozordi, E., Oladipo, O. A., Ilogho, S. O., & Okere, W. (2018b). Board meeting frequency and firm performance: Examining the nexus in Nigerian deposit money banks. Heliyon, 4, 850. doi:10.1016/j.heliyon.2018
   PubMed Web of Science ®Google Scholar
• Ernst & Young (2009). Groundbreakers: Using the strength of women to rebuild the world economy. Retrieved from http://www.womenable.com/content/userfiles/E&Y-Groundbreakers.pdf
   Google Scholar
• European Commission (2012). Impact assessment on costs and benefits of improving the gender balance in the boards of companies listed on stock exchanges. Retrieved from SWD(2012) 348 final. ec.europa.eu/justice/gender-equality/files/women on boards/impact_assesment_quotas_en.pdf
   Google Scholar
• Faccio, M., Marchica, M., & Mura, R. (2016). CEO gender, corporate risk-taking and the efficiency of capital allocation. Journal of Corporate Finance, 39, 193–209. doi:10.1016/j.jcorpfin.2016.02.008
   Web of Science ®Google Scholar
• Francis, B., Hasan, I., Park, J. C., & Wu, Q. (2015). Gender differences in financial reporting decision-making: Evidence from accounting conservatism. Contemporary Accounting Research, 32(3), 1285–1318. doi:10.1111/1911-3846.12098
   Web of Science ®Google Scholar
• Francouer, C., Labelle, R., & Sinclair-Desgange, B. (2008). Gender diversity in corporate governance and top management. Journal of Business Ethics, 81(1), 83–95. doi:10.1007/s10551-007-9482-5
   Web of Science ®Google Scholar
• Groysberg, B., & Bell, D. (2013). DysfunctGroysberg, B. & Bell, D. (2013). Dysfunction in the boardroom, Harvard Business Review, 91, 88–97.
   Google Scholar
• Huang, J., & Kisgen, D. J. (2013). Gender and corporate finance: Are male executives overconfident relative to female executives? Journal of Financial Economics, 108(3), 822–839. doi:10.1016/j.jfineco.2012.12.005
   Web of Science ®Google Scholar
• Jensen, M. (1986). Agency costs of free cash flow corporate finance, and takeovers. American Economic Review, 76(2), 323–329.
   Web of Science ®Google Scholar
• Jonge, A. (2014). The glass ceiling that refuses to break: Women directors on the boards of listed firms in China and India. Women Studies International Forum. doi:10.1016/j.wsif.2014.01.008
   Web of Science ®Google Scholar
• Khlif, H., & Achek, I. (2017). Gender in accounting research: a review. Managerial Auditing Journal, 32(6), 627–655.
   Web of Science ®Google Scholar
• Kramer, V. W., Konrad, A. M., & Erkut, S. (2006). Critical mass on corporate boards: Why three or more women enhance governance. Wellesley Centers for Women, Report No. WCW 11. Wellesley, MA.
   Google Scholar
• Krejcie, R.V, & Morgan, D.W. (1970). Determining sample size for research activities. Educational and Psychological Measurement, 30,607-610.
   Web of Science ®Google Scholar
• Martín-Ugedo, J. F., & Minguez-Vera, A. (2014). Firm performance and women on the board: Evidence from Spanish small and medium-sized enterprises. Feminist Economics, 20(3), 136–162. doi:10.1080/13545701.2014.895404
   Web of Science ®Google Scholar
• Nekhili, M., & Gatfaoui, H. (2013). Are demographic attributes and firm characteristics drivers of gender diversity? Investigating women’s position on French boards of directors. Journal of Business Ethics, 118(2), 227–249. doi:10.1007/s10551-012-1576-z
   Web of Science ®Google Scholar
• Officer, M. S. (2011). Overinvestment, corporate governance, and dividend initiations. Journal of Corporate Finance, 17, 710–724. doi:10.1016/j.jcorpfin.2010.06.004
   Web of Science ®Google Scholar
• Okere, W., Eluyela, D. F., Lawal, A. I., Ibidunni, O., Eseyin, O., Popoola, O., & Awe, T. (2019). Foreign expatriates on board and financial performance: A study of listed deposit money banks in Nigeria. The Journal of Social Science Research, 5(2), 418–423. doi:10.32861/jssr.52.418.423
   Google Scholar
• Oladipo, O. A., Iyoha, O. F., Fakile, A. S., Asaleye, A. J., & Eluyela, D. F. (2019a). Do government taxes have implications on manufacturing sector output? evidence from Nigeria. Journal of Management Information and Decision Sciences, 22(3), 181–190.
   Google Scholar
• Oladipo, O. A., Iyoha, O. F., Fakile, A. S., Asaleye, A. J., & Eluyela, D. F. (2019b). Tax revenue and agricultural performance: Evidence from Nigeria. Problems and Perspectives in Management, 17(3), 342–349. doi:10.21511/ppm.17(3).2019.27
   Google Scholar
• Otekunrin, A. O., Nwanji, T. I., Agba, D. Z., Olowookere, J. K., Fakile, S. A., Ajayi, S. A., … Oladiran, T. (2018). Outsourcing of accounting services and strategic cost management method: (A case study of Dangote flour PLC and Doyin Investment Nig. LTD). Proceedings of the 32nd International Business Information Management Association Conference, Seville, Spain, IBIMA 2018, 8452–8465
   Google Scholar
• Ozordi, E., Adetula, D. T., Eluyela, D. F., Aina, A., & Ogabi, M. (2019). Corporate dynamism and cash holding decision in listed manufacturing firms in Nigeria. Problems and Perspectives in Management, 17(4), 1–12. doi:10.21511/ppm.17(4).2019.01
   Google Scholar
• Popoola, O., Asalaye, A. J., & Eluyela., D. F. (2018). Domestic revenue mobilization and Agricultural productivity: Evidence from Nigeria. Journal of Advanced Research in Law and Economics, Volume IX, Summer, 4(34), 1439–1450. doi:10.14505/jarle.v9.4(34).31
   Google Scholar
• Qasem, R., & Abdullatif, M. (2014). The status of women in the accounting profession in Jordan: An exploratory study. International Business Research, 7(8), 146–159. doi:10.5539/ibr.v7n8p146
   Google Scholar
• Radwan, F., Abed Alaal, S., Kloub, M., & Wishah, R. (2017). Jordanian women in leadership positions in the public sector: Cultural barriers to their success. International Business Management, 11(4), 874–884.
   Google Scholar
• Saeed, A., & Sameer, M. (2017). Impact of board gender diversity on dividend payments: Evidence from some emerging economies. International Business Review, 26(6), 1100–1113. doi:10.1016/j.ibusrev.2017.04.005
   Web of Science ®Google Scholar
• Sawicki, J. (2009). Corporate governance and dividend policy in Southeast Asia pre- and post-crisis. The European Journal of Finance, 15(2), 211–230. doi:10.1080/13518470802604440
   Web of Science ®Google Scholar
• Srinidhi, B., Gul, F. A., & Tsui, J. (2011). Female directors and earnings quality. Contemporary Accounting Research, 28(5), 1610–1644. doi:10.1111/care.2011.28.issue-5
   Web of Science ®Google Scholar
• Uwalomwa, U., Olamide, O., & Francis, I. (2015). The effects of corporate governance mechanisms on firms dividend payout policy in Nigeria. Journal of Accounting and Auditing, 2015, 1. doi:10.5171/2015.313679
   Google Scholar
• Uwuigbe, U., Eluyela, D. F., Uwuigbe, O. R., Obakpro, T., & Falola, I. (2018). Corporate governance and quality of financial statements: A study of listed Nigerian banks. Banks and Bank System, 13(3), 12–23. doi:10.21511/bbs.13(3).2018.02
   Google Scholar
• Van Pelt, T. (2013). The effect of board characteristics on dividend policy. Unpublished working paper. The Netherlands: Tilburg School of Economics and Management, Department of Finance, Tilburg University, 1–62 [ Unpublished].
   Google Scholar
• Westphal, J. D, & Milton, L. P. (2000). How experience and network ties affect the influence of demographic minorities on corporate boards. Administrative Science Quarterly, 45, 366 –398.
   Web of Science ®Google Scholar
• Woolley, A. W., Chabris, C. F., Pentland, A., Hashmi, N., & Malone, T. W. (2010). Evidence for a collective intelligence factor in the performance of human groups. Science, 330, 686–688. doi:10.1126/science.1193147
   PubMed Web of Science ®Google Scholar