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Factors Influencing the Dividend Policy of Vietnamese Enterprises

Author

Listed:
  • Hung Ngoc Dang
  • Nguyen Viet Ha
  • Dang Thai Binh

Abstract

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.

Suggested Citation

  • Hung Ngoc Dang & Nguyen Viet Ha & Dang Thai Binh, 2018. "Factors Influencing the Dividend Policy of Vietnamese Enterprises," Asian Journal of Finance & Accounting, Macrothink Institute, vol. 10(2), pages 1629-1629, December.
    • Handle: RePEc:mth:ajfa88:v:10:y:2018:i:2:p:1629
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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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