Adıl MUSTAFSA, Wan Sallha YUSOFF, Aree MUSTAFA

KADIN DİREKTÖRLERİN TEMETTÜ ÖDEMELERİ ÜZERİNDEKİ ETKİSİ: SAHİPLİK-KONTROL AYRIMI İNCELEMESİ

Bu araştırma, kadın yöneticilerin temettü ödeme politikaları üzerindeki etkisini incelemektedir. Çalışmada 2016'dan 2020'ye kadar Borsa İstanbul'da (BİST) işlem gören 170 finansal olmayan işletme kullanılmıştır. Çalışmada Yönetim Kurulu Kadın Üyeliği (BFM) kullanılmıştır. Bu arada, kontrol takozu sahipliği moderatör değişken olarak kullanılmıştır. Öz sermaye getirisi (ROE) bir kontrol değişkeni olarak kullanılmıştır. Çalışmanın bağımlı değişkeni, şirketin temettü ödeme politikasını temsil eden hisse başına kâr payı ödemesidir. Regresyon analizi sonucunda kadın yönetim kurulu üyeliğinin temettü politikasıyla güçlü bir şekilde bağlantılı olduğu tespit edilmiştir. Ayrıca, temettü ödemeleri ile firma sahipliği arasındaki bağlantıya ilişkin mevcut araştırmaya, kontrol sahipliği kama şirketlerinde kadın yöneticilerin temettü ödemeleri üzerinde daha büyük bir etkiye sahip olduğunu göstermektedir

Anahtar Kelimeler:

Female Directors, Control-Ownership Wedge, dividend payout

THE IMPACT OF FEMALE DIRECTOR ON DIVIDEND PAYOUT: CONTINGENT ON CONTROL-OWNERSHIP WEDGE

This research looks into the impact of female directors on dividend payment policies. From 2016 to 2020, the study used a sample of 170 non-financial enterprises listed on the Borsa Istanbul (BIST). The study used the Board Female Membership (BFM). Meanwhile, control wedge ownership was used as a moderating variable. A control variable, including return on equity, was also employed (ROE). The study's dependent variable was the dividend per share, which represented the company's dividend payout policy. The female board membership was strongly linked with the dividend policy in the regression analysis. Furthermore, we add to the current research on the link between dividend payments and firm ownership by demonstrating that for control-ownership wedge companies, female directors have a greater influence on dividend payouts.

Keywords:

Yeni Kadın Yöneticiler, Kontrol-Sahiplik Çatışması, Kar Payı Dağıtımı,

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