FACTORS AFFECTING DIVIDEND POLICY OF THE LISTED COMPANIES ON VIETNAM'S STOCK MARKET

Abstract

The purpose of this research is to determine the present state of dividend policy and the factors that influence dividend policy among listed businesses on the Vietnamese stock exchange. The results of a survey of 228 listed companies over a five-year period from 2016 to 2020, with a total of 1,140 observations, using the panel data regression technique, revealed that listed companies in the Vietnam stock market pursue equity policy stable cash dividend, the higher the profitability and earnings per share, the higher the dividend ratio, the higher the dividend ratio for enterprises with a high stature. The dividend payout is low if the company has a high debt ratio. The findings of the study are intended to aid in the improvement of corporate governance and the development of more rational investing behavior among investors.