Matches in SemOpenAlex for { <https://semopenalex.org/work/W2970638099> ?p ?o ?g. }
- W2970638099 abstract "Information asymmetry between insiders and outsiders creates various issues for a firm, such as the agency problem where managers pursue their own interests even at the cost of the well-being of the firm’s shareholders, and probable external financial constraints where external investors discount risk by causing a surge in the cost of financing. Normally, a firm manages the issues of the agency problem and external financing constraints by omitting or initiating dividend payments. Therefore, this study investigated the impact of corporate governance on dividend policies in the presence of financial constraints using a sample of 139 non-financial firms listed on PSE, where a weak regulatory framework generates agency problems and the underdevelopment of the financial sector causes financing constraints for businesses. The results reveal that, in Pakistan, dividends are an Outcome of governance practices. As the quality of firm-level governance improves, shareholders are provided with the legal strength to ultimately force firm managers to pay dividends. Along with the agency problem, the availability of external financing is an important factor related to dividend payment decisions in Pakistan. When a company is confronted with agency problems and financial constraints simultaneously, managers try to avoid costly external financing rather than reducing the agency’s problem. The results of the study can be further refined by enhancing the study period and sample size. Furthermore, the work can be extended by classifying sample subjects to the nature of industry and group ownership." @default.
- W2970638099 created "2019-09-05" @default.
- W2970638099 creator A5084115136 @default.
- W2970638099 date "2023-08-24" @default.
- W2970638099 modified "2023-10-16" @default.
- W2970638099 title "Corporate governance, financial constraints, and dividend policy: Evidence from Pakistan" @default.
- W2970638099 cites W1870908156 @default.
- W2970638099 cites W1883916697 @default.
- W2970638099 cites W1976672252 @default.
- W2970638099 cites W1978899012 @default.
- W2970638099 cites W1985082999 @default.
- W2970638099 cites W1994393009 @default.
- W2970638099 cites W1995066417 @default.
- W2970638099 cites W2018876841 @default.
- W2970638099 cites W2019986481 @default.
- W2970638099 cites W2021639896 @default.
- W2970638099 cites W2066777296 @default.
- W2970638099 cites W2070418869 @default.
- W2970638099 cites W2070595615 @default.
- W2970638099 cites W2072806856 @default.
- W2970638099 cites W2076756259 @default.
- W2970638099 cites W2080701561 @default.
- W2970638099 cites W2099182309 @default.
- W2970638099 cites W2100424789 @default.
- W2970638099 cites W2123252687 @default.
- W2970638099 cites W2128292281 @default.
- W2970638099 cites W2129123189 @default.
- W2970638099 cites W2131921554 @default.
- W2970638099 cites W2133444189 @default.
- W2970638099 cites W2135539854 @default.
- W2970638099 cites W2136183150 @default.
- W2970638099 cites W2149088624 @default.
- W2970638099 cites W2161629041 @default.
- W2970638099 cites W2163025450 @default.
- W2970638099 cites W2167964794 @default.
- W2970638099 cites W3121239293 @default.
- W2970638099 cites W3121589469 @default.
- W2970638099 cites W3121693921 @default.
- W2970638099 cites W3121759882 @default.
- W2970638099 cites W3121845433 @default.
- W2970638099 cites W3121886917 @default.
- W2970638099 cites W3122206384 @default.
- W2970638099 cites W3122685622 @default.
- W2970638099 cites W3122751847 @default.
- W2970638099 cites W3123091495 @default.
- W2970638099 cites W3123109570 @default.
- W2970638099 cites W3123800983 @default.
- W2970638099 cites W3123951774 @default.
- W2970638099 cites W3124032327 @default.
- W2970638099 cites W3124114405 @default.
- W2970638099 cites W3124737349 @default.
- W2970638099 cites W3124747412 @default.
- W2970638099 cites W3124907269 @default.
- W2970638099 cites W3125712194 @default.
- W2970638099 cites W3125884607 @default.
- W2970638099 cites W3186204780 @default.
- W2970638099 cites W4230094737 @default.
- W2970638099 cites W4281481259 @default.
- W2970638099 doi "https://doi.org/10.1080/23322039.2023.2243709" @default.
- W2970638099 hasPublicationYear "2023" @default.
- W2970638099 type Work @default.
- W2970638099 sameAs 2970638099 @default.
- W2970638099 citedByCount "0" @default.
- W2970638099 crossrefType "journal-article" @default.
- W2970638099 hasAuthorship W2970638099A5084115136 @default.
- W2970638099 hasBestOaLocation W29706380991 @default.
- W2970638099 hasConcept C10138342 @default.
- W2970638099 hasConcept C108170787 @default.
- W2970638099 hasConcept C111472728 @default.
- W2970638099 hasConcept C116168712 @default.
- W2970638099 hasConcept C120527767 @default.
- W2970638099 hasConcept C120757647 @default.
- W2970638099 hasConcept C121955636 @default.
- W2970638099 hasConcept C137577040 @default.
- W2970638099 hasConcept C138885662 @default.
- W2970638099 hasConcept C144133560 @default.
- W2970638099 hasConcept C145097563 @default.
- W2970638099 hasConcept C162324750 @default.
- W2970638099 hasConcept C185592680 @default.
- W2970638099 hasConcept C198531522 @default.
- W2970638099 hasConcept C200707436 @default.
- W2970638099 hasConcept C2778776786 @default.
- W2970638099 hasConcept C36673458 @default.
- W2970638099 hasConcept C39389867 @default.
- W2970638099 hasConcept C43617362 @default.
- W2970638099 hasConcept C59399099 @default.
- W2970638099 hasConcept C80515813 @default.
- W2970638099 hasConceptScore W2970638099C10138342 @default.
- W2970638099 hasConceptScore W2970638099C108170787 @default.
- W2970638099 hasConceptScore W2970638099C111472728 @default.
- W2970638099 hasConceptScore W2970638099C116168712 @default.
- W2970638099 hasConceptScore W2970638099C120527767 @default.
- W2970638099 hasConceptScore W2970638099C120757647 @default.
- W2970638099 hasConceptScore W2970638099C121955636 @default.
- W2970638099 hasConceptScore W2970638099C137577040 @default.
- W2970638099 hasConceptScore W2970638099C138885662 @default.
- W2970638099 hasConceptScore W2970638099C144133560 @default.
- W2970638099 hasConceptScore W2970638099C145097563 @default.
- W2970638099 hasConceptScore W2970638099C162324750 @default.
- W2970638099 hasConceptScore W2970638099C185592680 @default.