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文章基本信息

  • 标题:Factors Influencing the Dividend Policy of Vietnamese Enterprises
  • 作者:Hung Ngoc Dang ; Nguyen Viet Ha ; Dang Thai Binh
  • 期刊名称:Asian Journal of Finance & Accounting
  • 印刷版ISSN:1946-052X
  • 出版年度:2018
  • 卷号:10
  • 期号:2
  • 页码:16-29
  • 语种:English
  • 出版社:Macrothink Institute
  • 其他摘要:The article explores the factors affecting company’s dividend policy such as profitability, firm size, financial leverage and growth rate. Data is collected from enterprises listed on the Vietnam securities market in the period of 2006 - 2017 with 2,150 observations. Using the Generalized Least Squares (GLS), the authors have identified two factors that have a positive and significant effect: (i) return on total assets and (ii) firm size. At the same time, research results also show a negative impact of enterprise’s revenue growth rate on the dividend payment ratio. In addition, financial leverage has no impact on company’s dividend policy.
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