Ownership and identities of the largest shareholders and dividend policy: Evidence from Vietnam
This study investigates the relationship between the level of shareholdings and identities of the largest shareholders, and cash dividend policy. The study is conducted with a sample of 180 firms listed on Vietnam stock exchange markets from 2009 to 2013. The fixed effect model is employed to analyz...
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sg-smu-ink.soa_research-26712020-01-13T03:03:04Z Ownership and identities of the largest shareholders and dividend policy: Evidence from Vietnam LE, Trien Vinh LE, Trang Huyen This study investigates the relationship between the level of shareholdings and identities of the largest shareholders, and cash dividend policy. The study is conducted with a sample of 180 firms listed on Vietnam stock exchange markets from 2009 to 2013. The fixed effect model is employed to analyze the balanced panel data. The results show that the higher the level of holdings by the largest shareholders, the lower the dividend payout. Moreover, companies with the State and Foreign investors as the largest shareholders have higher dividend payout ratio than companies with local investors and managers as the largest shareholders. The study also finds that companies tend to pay higher dividends when profits decrease or growth opportunities increase. 2017-01-01T08:00:00Z text application/pdf https://ink.library.smu.edu.sg/soa_research/1644 https://ink.library.smu.edu.sg/context/soa_research/article/2671/viewcontent/Le_Le_8_1__15___1_.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection School Of Accountancy eng Institutional Knowledge at Singapore Management University Largest shareholder shareholder identity dividend policy privatization Vietnam Accounting Asian Studies Corporate Finance |
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Largest shareholder shareholder identity dividend policy privatization Vietnam Accounting Asian Studies Corporate Finance LE, Trien Vinh LE, Trang Huyen Ownership and identities of the largest shareholders and dividend policy: Evidence from Vietnam |
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This study investigates the relationship between the level of shareholdings and identities of the largest shareholders, and cash dividend policy. The study is conducted with a sample of 180 firms listed on Vietnam stock exchange markets from 2009 to 2013. The fixed effect model is employed to analyze the balanced panel data. The results show that the higher the level of holdings by the largest shareholders, the lower the dividend payout. Moreover, companies with the State and Foreign investors as the largest shareholders have higher dividend payout ratio than companies with local investors and managers as the largest shareholders. The study also finds that companies tend to pay higher dividends when profits decrease or growth opportunities increase. |
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LE, Trien Vinh LE, Trang Huyen |
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LE, Trien Vinh LE, Trang Huyen |
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LE, Trien Vinh |
title |
Ownership and identities of the largest shareholders and dividend policy: Evidence from Vietnam |
title_short |
Ownership and identities of the largest shareholders and dividend policy: Evidence from Vietnam |
title_full |
Ownership and identities of the largest shareholders and dividend policy: Evidence from Vietnam |
title_fullStr |
Ownership and identities of the largest shareholders and dividend policy: Evidence from Vietnam |
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Ownership and identities of the largest shareholders and dividend policy: Evidence from Vietnam |
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ownership and identities of the largest shareholders and dividend policy: evidence from vietnam |
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Institutional Knowledge at Singapore Management University |
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2017 |
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https://ink.library.smu.edu.sg/soa_research/1644 https://ink.library.smu.edu.sg/context/soa_research/article/2671/viewcontent/Le_Le_8_1__15___1_.pdf |
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