The Relationship among Ownership Structure, Good Corporate Governance on Dividend Persistent of Listed Companies in Stock Exchange of Thailand
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The objective of this research is to test the relationship among ownership structure as well as good corporate governance that affects the dividend persistent of listed companies in the Stock Exchange of Thailand. During the years 2016-2020 the total data collected numbered 2,189 samples. Both logistic regression analysis and multiple regression analysis were used to test the hypothesis. The results found that companies with institutional ownership had a positive impact on dividend persistent and dividend payouts. Companies with the largest ownership had a positive impact on dividend payouts. On the other hand, the high free float companies had a negative impact on dividend persistent and dividend payouts. In addition, companies with good corporate governance exhibit a positive impact on dividend persistent, dividend payouts, and dividend payout ratio. Considering the overall results, the ownership structure and good corporate governance affect the dividend payouts of the company.
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