Determinants of Dividend Payments of Non-financial Listed Companies in Hồ Chí Minh Stock Exchange
This research aims to examine the determinants of dividend payments of non-financial listed companies in the HồChí Minh Stock Exchange (HOSE) in the period 2007 to 2012. Using the Pooled Ordinary Least Square and the Fixed effect model (FEM) for panel data, the authors found that in HOSE, the...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Đại học Quốc gia Hà Nội
2014
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| Subjects: | |
| Online Access: | http://repository.vnu.edu.vn/handle/11126/4747 |
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| Institution: | Vietnam National University, Hanoi |
| Language: | English |
| Summary: | This research aims to examine the determinants of dividend payments of non-financial
listed companies in the HồChí Minh Stock Exchange (HOSE) in the period 2007 to 2012. Using
the Pooled Ordinary Least Square and the Fixed effect model (FEM) for panel data, the authors
found that in HOSE, the profitability of firms is statistically significant and negatively related to
payout ratio (DPR). In other words, companies tend to plow back more earnings when profitability
increases. Moreover, leverage has a positive and statistically significant relationship with DPR.
There are no statistically significant differences in DPRs among accommodation services, mineral
ore exploitation, investment consulting services and related services, supporting services, scientific
and technical services and the other services industry. Meanwhile, DPRs in the remaining
industries are statistically lower than those of the above-mentioned industries. |
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