Volume 50, Issue 2 (2025)
The Impact of Corporate Governance on Dividend Policy: Empirical Evidence from Tunisian Listed Companies
(Pages 179-185)
Author(s)
Mohamed Aymen Ben Moussa1,* and Amira EL-Feidi2
1Doctor in Finance; Faculty of Business Administration Afif; Shaqra University, Saudia Arabia;
2Doctor in Accounting; Faculty of Economic Sciences and Management Sciences; University El Manar; Tunisia
Abstract:
Corporate governance is the system of rules; practices and processes by which a firm is directed and controlled. Corporate governance essentially involves balancing the interests of a company among stakeholders such as stakeholders; senior management; wealth customers; suppliers; financiers; the government and the community.
On the other hand dividend decision arises at the time when a company earns extra profit. This decision is linked to with the distribution or retention of corporate profits to improve the share value of the firm. In this article we studied the impact of corporate governance on firm dividend. We used a model of panel static for the sample of 30 firms quoted in Tunisian stock exchange over the period (2015…2024). We found that board independence ; duality ; ownership concentration ; return on assets have a positive impact on dividend of firm but leverage ; managerial ownership ; size of audit committee ; inflation have a negative impact on firm dividend.
Keywords:
Governance, firm, dividend, panel, ownership, leverage, audit.
Cite this paper:
Mohamed Aymen Ben Moussa and Amira EL-Feidi, The Impact of Corporate Governance on Dividend Policy: Empirical Evidence from Tunisian Listed Companies, The Journal of Social, Political and Economic Studies. Volume 50, Issue 2, Year 2025 | PP. 179-185. https://thejspes.com/vol50-a16
© 2025 The Author(s). Published by 'The Journal of Social, Political and Economic Studies'.
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