Tài liệu
Impact of Dividend Policy on Variation of Stock Prices: Empirical Study of Vietnam
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Tóm tắt
This research is conducted to investigate the impact levels of dividend policy on stock prices variation in the case of the stock exchange of an emerging country − Vietnam. Data were collected from 248 listed fims on the Vietnamese stock market for the period from 2014 to 2017. By employing ordinary least squares (OLS) and quantile regression (QR), we found that there is a negative relationship between dividend policy and variation of stock prices. Some variables including income variation, long term liabilities and growth have positive relationships with stock price variation whereas fim size has no impact on it. We also found that fims using low dividend yields inflence stock prices variation in a clearer way. The results of this study are important for management in emerging countries, and in this case Vietnam, to have a proper dividend policy because dividend policy is crucial information for stakeholders to make economic decisions.
Mô tả
economic banking economy
Tác giả
Dang, Ngoc Hung
Tran, Binh Minh
Tran, Manh Dung
Người hướng dẫn
Nơi xuất bản
Nhà xuất bản
Kinh Tế Quốc Dân
Năm xuất bản
2019
ISBN
1940-0020
ISSN
Từ khóa chủ đề
Dividend policy , quantile regression , variation of stock prices , Vietnam.
Trích dẫn
Bộ sưu tập
Tệp tin
Article 7_JED_Vol 21_Special Issue.pdf
D:\NEU_DSpace\tapchitienganh
Dung lượng: 446.25 KBĐịnh dạng: pdf
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