Goodwill and proportion of board members affecting dividend payout of listed companies in the Stock Exchange of Thailand
Keywords:
Good Will, Proportion of the Board of Directors, Dividend PayoutAbstract
This research examines the influence of the Goodwill and composition of the board of directors on the dividend payout of listed companies in the Stock Exchange of Thailand. Data were gathered from financial statements, annual reports (Form 56-1), and the SETSMART database of listed companies in the Stock Exchange of Thailand within the SET100 group from 2019 to 2023, encompassing 100 companies over five years, while excluding the financial services sector due to its distinct structure, regulations, and legal framework compared to other industries. Furthermore, 21 organizations with incomplete data and anomalous values were removed, resulting in a sample of 79 companies and 395 data sets. Descriptive and inferential statistics were employed. The research findings indicated that the goodwill, the ratio of independent directors, and the shareholding percentage of the top five shareholders influenced the dividend payout of listed companies in the Stock Exchange of Thailand's SET100 Index; however, the proportion of the board of directors did not impact the dividend payout. The research findings enable investors inclined toward dividend investing rather than speculation to include these outcomes in their decision-making process prior to investing. Furthermore, corporate executives may utilize the findings to evaluate the organization's operations. This is done to ensure that investors, executives, and agencies involved in future investments receive favorable outcomes.
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