Do, Thi Van Trang
This research examines the determinants that affect the dividend payout
ratio of 156
listed companies in the Vietnamese security market during 2009 and 2014.
This study considered the influences of ten independent variables
including free cash flow, sales growth, company size, financial
leverage, profitability and liquidity. The empirical results show that
there are three factors having a significant relationship with the
dividend payout ratio. Both the return on equity and the financial
leverage variables are statistically and negatively significant with the
dividend payout ratio; earnings per share are not clearly significant
with the dividend payout ratio. Moreover, in the effect on the dividend
payout ratio of the different industry sectors, the storage and food
industry has a significant relationship with dividend payout ratio and
three industries including the agricultural-forestry-fishery industry;
mining industry; manufacturing industry statistically have dividend
payout ratios higher than other industries.
| Title: | Determinants of Dividend Payout Policy: A Case of Nonfinancial Listed Companies in Vietnam |
| Authors: | Do, Thi Van Trang |
| Keywords: | Payout policy;dividend payout ratio;fixed effect model;random effect model |
| Issue Date: | 2016 |
| Publisher: | H. : ĐHQGHN |
| Series/Report no.: | Vol. 32;No. 5E (2016) |
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