The Impact Of Corporate Financial Performance On Dividend Cash During The Global Health Crisis

Abstract

This study aims to examine the impact of corporate financial performance on dividend cash the global health crisis, the Covid 19 pandemic. As a sample, I employed 4969 firms listed on the India and Indonesia Stock Exchanges to represent emerging markets and London Stock Exchange to represent developed markets for the period 2019-2021. This study applied multivariate analysis to examine the hypotheses. The results show that dividend value decreased at the onset of the global crisis and increase during the year of the pandemic for both emerging markets and developed markets. For emerging markets, corporate financial performance effect dividend cash significantly, however, for the UK, the dividend payment is not determined by corporate financial performance during the crisis. Particularly, all samples, in emerging markets or developed market (the UK region) show the same results that bigger the size of companies, tend to pay more dividend cash during the Covid 19 pandemic in 2020 and 2021.