Abstract

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.

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