| Trường DC | Giá trị | Ngôn ngữ |
|---|---|---|
| dc.contributor.author | Dang, Ngoc Hung | |
| dc.contributor.other | Tran, Binh Minh | |
| dc.contributor.other | Tran, Manh Dung | |
| dc.date.accessioned | 2023-11-01T10:23:40Z | - |
| dc.date.available | 2023-11-01T10:23:40Z | - |
| dc.date.issued | 2019 | |
| dc.identifier.isbn | 1940-0020 | |
| dc.identifier.uri | https://dlib.neu.edu.vn/handle/NEU/58626 | - |
| dc.description | economic banking economy | |
| dc.description.abstract | 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. | |
| dc.description.tableofcontents | 1. Introduction; 2. Literature review; 3. Research models and methodology; 4. Results and discussions; 5. Conclusion | |
| dc.format.extent | Khổ 21 x 29.7 | |
| dc.language.iso | en | |
| dc.publisher | Kinh Tế Quốc Dân | |
| dc.subject | Dividend policy | |
| dc.subject | quantile regression | |
| dc.subject | variation of stock prices | |
| dc.subject | Vietnam. | |
| dc.title | Impact of Dividend Policy on Variation of Stock Prices: Empirical Study of Vietnam | |
| dc.type | Journal of Economics and Development | |
| dc.identifier.barcode | Article 7_JED_Vol 21_Special Issue | |
| dc.relation.reference | Allen, D.E. and Rachim, V.S. (1996), ‘Dividend policy and stock price volatility: Australian evidence’, Applied fiancial economics, 6(2), 175-188. Asghar, M., Shah, S.Z.A., Hamid, K. and Suleman, M.T. (2011), ‘Impact of dividend policy on stock price risk: Empirical evidence from equity market of Pakistan’, Far East Journal of Psychology and Business, 4(1), 45-52. Baskin, J. (1989), ‘Dividend policy and the volatility of common stocks’, The Journal of Portfolio Management, 15(3), 19-25. Black, F. and Scholes, M. (1974), ‘The effcts of dividend yield and dividend policy on common stock prices and returns’, Journal of fiancial economics, 1(1), 1-22. Dang, T.Q.A. and Pham, T.Y.N. (2016), ‘Impact of dividend policies on stock changes of listed fims on Vietnam stock exchange’, Development and Integration, 26(36), 60-65. El Shamy, M.A. and Al-Qenae, R. (2005), ‘The change in the value-relevance of earnings and book values in equity valuation over the past 20 years and the impact of the adoption of IASS: the case of Kuwait’, International Journal of Accounting, Auditing and Performance Evaluation, 2(1-2), 153-167. Gordon, M.J. (1963), ‘Optimal investment and fiancing policy’, The journal of fiance, 18(2), 264-272. Hao, L. and Naiman, D.Q. (2007), Quantile regression: Thousand Oaks, CA: SAGE. Hashemijoo, M., Mahdavi-Ardekani, A. and Younesi, N. (2012), ‘The impact of dividend policy on share price volatility in the Malaysian stock market’, Journal of Business Studies Quarterly, 4(1), 111-129. Jensen, G.R., Solberg, D.P. and Zorn, T.S. (1992), ‘Simultaneous determination of insider ownership, debt, and dividend policies’, Journal of Financial and Quantitative analysis, 27(2), 247-263. Khan, K.I., Aamir, M., Qayyum, A., Nasir, A. and Khan, M.I. (2011), ‘Can dividend decisions affct the stock prices: A case of dividend paying companies of KSE’, International Research Journal of Finance and Economics, 76(68), 69-74. Koenker, R. and Bassett, J.G. (1982), ‘Robust tests for heteroscedasticity based on regression quantiles’, Journal of the Econometric Society, 50(1), 43-61. Lintner, J. (1956), ‘Distribution of incomes of corporations among dividends, retained earnings, and taxes’, The American economic review, 46(2), 97-113. Miller, M.H. and Modigliani, F. (1961), ‘Dividend policy, growth, and the valuation of shares’, The Journal of Business, 34(4), 411-433. Nazir, M.S., Nawaz, M.M., Anwar, W. and Ahmed, F. (2010), ‘Determinants of stock price volatility in karachi stock exchange: The mediating role of corporate dividend policy’, International Research Journal of Finance and Economics, 55(55), 100-107. Ngoc, D.B. and Cuong, N.C. (2016), ‘Impacts of cash dividend policy on stock price volatility’, The Proceedings of 11 th Annual London Business Research Conference, Imperial College, London, UK. Nishat, M. and Irfan, C.M. (2004), ‘Dividend policy and stock price volatility in Pakistan’, presentation at the Pide-19th annual general meeting and conference, Islamabad, 13 th-15th January. Okafor, C.A. and Chijoke-Mgbame, A. (2011), ‘Dividend policy and share price volatility in Nigeria’, Jorind, 9(1), 202-210. Rashid, A. and Rahman, A.A. (2008), ‘Dividend policy and stock price volatility: Evidence from Bangladesh’, The Journal of Applied Business and Economics, 8(4), 71-81. Suliman, M., Ahmad, S., Anjum, M.J. and Sadiq, M. (2013), ‘Stock price volatility in relation to dividend policy: A case study of karachi stock market’, Middle-East Journal of Scientifi Research, 13(4), 426-431. Vo, X.V. (2014), ‘Dividend policies and variation of stock prices on Vietnam stock market’, Journal of Economics and Development, 203(1), 48-55. | |
Bộ sưu tập | 02. Tạp chí (Tiếng Anh) | |
Tải ứng dụng đọc sách
Qr code NEU Book Reader
(Lưu ý: Sử dụng ứng dụng NEU Book Reader để xem đầy đủ tài liệu.
Bạn đọc có thể tải NEU Book Reader từ App Store hoặc Google play
với từ khóa "NEU Book Reader")
| Trường DC | Giá trị | Ngôn ngữ |
|---|---|---|
| dc.contributor.author | Dang, Ngoc Hung | |
| dc.contributor.other | Tran, Binh Minh | |
| dc.contributor.other | Tran, Manh Dung | |
| dc.date.accessioned | 2023-11-01T10:23:40Z | - |
| dc.date.available | 2023-11-01T10:23:40Z | - |
| dc.date.issued | 2019 | |
| dc.identifier.isbn | 1940-0020 | |
| dc.identifier.uri | https://dlib.neu.edu.vn/handle/NEU/58626 | - |
| dc.description | economic banking economy | |
| dc.description.abstract | 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. | |
| dc.description.tableofcontents | 1. Introduction; 2. Literature review; 3. Research models and methodology; 4. Results and discussions; 5. Conclusion | |
| dc.format.extent | Khổ 21 x 29.7 | |
| dc.language.iso | en | |
| dc.publisher | Kinh Tế Quốc Dân | |
| dc.subject | Dividend policy | |
| dc.subject | quantile regression | |
| dc.subject | variation of stock prices | |
| dc.subject | Vietnam. | |
| dc.title | Impact of Dividend Policy on Variation of Stock Prices: Empirical Study of Vietnam | |
| dc.type | Journal of Economics and Development | |
| dc.identifier.barcode | Article 7_JED_Vol 21_Special Issue | |
| dc.relation.reference | Allen, D.E. and Rachim, V.S. (1996), ‘Dividend policy and stock price volatility: Australian evidence’, Applied fiancial economics, 6(2), 175-188. Asghar, M., Shah, S.Z.A., Hamid, K. and Suleman, M.T. (2011), ‘Impact of dividend policy on stock price risk: Empirical evidence from equity market of Pakistan’, Far East Journal of Psychology and Business, 4(1), 45-52. Baskin, J. (1989), ‘Dividend policy and the volatility of common stocks’, The Journal of Portfolio Management, 15(3), 19-25. Black, F. and Scholes, M. (1974), ‘The effcts of dividend yield and dividend policy on common stock prices and returns’, Journal of fiancial economics, 1(1), 1-22. Dang, T.Q.A. and Pham, T.Y.N. (2016), ‘Impact of dividend policies on stock changes of listed fims on Vietnam stock exchange’, Development and Integration, 26(36), 60-65. El Shamy, M.A. and Al-Qenae, R. (2005), ‘The change in the value-relevance of earnings and book values in equity valuation over the past 20 years and the impact of the adoption of IASS: the case of Kuwait’, International Journal of Accounting, Auditing and Performance Evaluation, 2(1-2), 153-167. Gordon, M.J. (1963), ‘Optimal investment and fiancing policy’, The journal of fiance, 18(2), 264-272. Hao, L. and Naiman, D.Q. (2007), Quantile regression: Thousand Oaks, CA: SAGE. Hashemijoo, M., Mahdavi-Ardekani, A. and Younesi, N. (2012), ‘The impact of dividend policy on share price volatility in the Malaysian stock market’, Journal of Business Studies Quarterly, 4(1), 111-129. Jensen, G.R., Solberg, D.P. and Zorn, T.S. (1992), ‘Simultaneous determination of insider ownership, debt, and dividend policies’, Journal of Financial and Quantitative analysis, 27(2), 247-263. Khan, K.I., Aamir, M., Qayyum, A., Nasir, A. and Khan, M.I. (2011), ‘Can dividend decisions affct the stock prices: A case of dividend paying companies of KSE’, International Research Journal of Finance and Economics, 76(68), 69-74. Koenker, R. and Bassett, J.G. (1982), ‘Robust tests for heteroscedasticity based on regression quantiles’, Journal of the Econometric Society, 50(1), 43-61. Lintner, J. (1956), ‘Distribution of incomes of corporations among dividends, retained earnings, and taxes’, The American economic review, 46(2), 97-113. Miller, M.H. and Modigliani, F. (1961), ‘Dividend policy, growth, and the valuation of shares’, The Journal of Business, 34(4), 411-433. Nazir, M.S., Nawaz, M.M., Anwar, W. and Ahmed, F. (2010), ‘Determinants of stock price volatility in karachi stock exchange: The mediating role of corporate dividend policy’, International Research Journal of Finance and Economics, 55(55), 100-107. Ngoc, D.B. and Cuong, N.C. (2016), ‘Impacts of cash dividend policy on stock price volatility’, The Proceedings of 11 th Annual London Business Research Conference, Imperial College, London, UK. Nishat, M. and Irfan, C.M. (2004), ‘Dividend policy and stock price volatility in Pakistan’, presentation at the Pide-19th annual general meeting and conference, Islamabad, 13 th-15th January. Okafor, C.A. and Chijoke-Mgbame, A. (2011), ‘Dividend policy and share price volatility in Nigeria’, Jorind, 9(1), 202-210. Rashid, A. and Rahman, A.A. (2008), ‘Dividend policy and stock price volatility: Evidence from Bangladesh’, The Journal of Applied Business and Economics, 8(4), 71-81. Suliman, M., Ahmad, S., Anjum, M.J. and Sadiq, M. (2013), ‘Stock price volatility in relation to dividend policy: A case study of karachi stock market’, Middle-East Journal of Scientifi Research, 13(4), 426-431. Vo, X.V. (2014), ‘Dividend policies and variation of stock prices on Vietnam stock market’, Journal of Economics and Development, 203(1), 48-55. | |
Bộ sưu tập | 02. Tạp chí (Tiếng Anh) | |
