...Uttam Karki; Himanshu Seth Purpose This study aims to investigate the effect of environmental, social and governance performance on dividend payout and whether this association is influenced by the size of the firm. Design/methodology/approach Our sample involves 1,040 firm-year observations...

... on the Borsa Istanbul 100 index for 2006–2014, three models are estimated. For the first two models, where the dependent variables are the dividend payout ratio and dividend yield, respectively, tobit regressions are run. The last model, which employs a dividend dummy as the dependent variable, is estimated...

... the determinants of dividend payout. Findings The authors identify past dividend decision, earnings, investment opportunities, profitability, free cash flow (FCF), corporate governance, state ownership, firm size and industry influence as the key determinants of propensity to pay dividends. In addition past...