Revue des sciences commerciales et de gestion

The Impact Of Governance Mechanisms On The Dividend Distribution Policy Of Algerian Banks.

Auteurs : Beguaa Achouak .

Résumé

This study examines The Impact of Governance Mechanisms on the Dividend Distribution Policy of Algerian Banks. using a panel data model for a sample of 15 banks during the period 2010–2019. The results indicate that an increase in board size and meeting frequency significantly improves the level of dividend distribution. Conversely, CEO duality, higher board independence, and ownership concentration are all associated with a reduction in dividend payouts. The findings also reveal a positive relationship between bank size and the amount of dividends distributed, while a higher level of financial leverage negatively affects the distribution policy. Notably, profitability did not show a statistically significant effect on dividend decisions in the study sample.

Mots clés

Governance, Board of Directors, Ownership Structure, Dividends, Algerian Banks.