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Record W4387199117 · doi:10.5281/zenodo.8392920

Corporate Governance and Dividend Policy

2023· article· en· W4387199117 on OpenAlex

Why this work is in the frame

A frame that forgets how it found something cannot be audited. These are the routes that admitted this work.

affAt least one author lists a Canadian institution in the pinned OpenAlex snapshot.

Bibliographic record

VenueZenodo (CERN European Organization for Nuclear Research) · 2023
Typearticle
Languageen
FieldBusiness, Management and Accounting
TopicCorporate Governance and Law
Canadian institutionsNational Capital Commission
Fundersnot available
KeywordsCorporate governanceDividend policyDividendBusinessAccountingFinance

Abstract

fetched live from OpenAlex

In this paper, we have analyzed the effects of corporate governance mechanisms on dividend policy of 134 listed firms on the Main Board of the Nigerian Exchange, over fifteen (15) years (2008-2022) using the Generalized Method of Moments. Corporate governance mechanisms considered in this study are foreign ownership, institutional ownership, board size, board independence, audit committee gender, risk committee gender, and big4 audit firms. Dividend policy proxy is dividend per share. The research design is both <em>ex post facto</em> and <em>correlational</em>; the population is 156, from which 134 listed firms were selected, meaning that 22 listed firms were excluded. This paper obtained data from the annual reports and accounts of the listed firms, over the period covered. The data set was analysed using descriptive analysis, Pearson correlation analysis and GMM panel regression analysis. These analyses were carried out with STATA 15.1. The results show that foreign ownership has significant effect on dividend policy; institutional ownership has insignificant effect on dividend policy; board size has significant effect on dividend policy; board independence has significant effect on dividend policy; audit committee gender has insignificant effect on dividend policy; risk committee gender has significant effect on dividend policy; the presence of big4 is not significant with dividend policy. These results are useful to regulators, market participants, shareholders, suppliers, lenders (creditors), managers, employees, scholars and researchers. However, the findings of this paper are (I) limited by the 134 listed firms on the Main Board of the NGX (2) variables used in the study (3) period of coverage (2008-2022). Future research may wish to consider the whole 156 listed firms; expand the period of study or consider other variables of corporate governance, such as family ownership, ownership concentration, CEO ownership, board ownership, board tenure, board education, board compensation, board turnover, nomination committee gender, remuneration committee gender, joint auditors, etc.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.000
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesScholarly communication, Insufficient payload (model declined to judge)
Consensus categoriesInsufficient payload (model declined to judge)
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Not applicable · Consensus signal: Not applicable
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.455
Threshold uncertainty score1.000

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0000.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.001
Science and technology studies0.0010.000
Scholarly communication0.0010.001
Open science0.0000.001
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0030.019

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.054
GPT teacher head0.230
Teacher spread0.176 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it