文章基本信息

标题：Dividend Policy Behavior in Emerging Stock Markets: Evidence from Vietnamese Stock Market
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作者：Quoc Trung Tran ; Thi Thu Ha Nguyen
期刊名称：International Journal of Financial Research
印刷版ISSN：1923-4023
电子版ISSN：1923-4031
出版年度：2014
卷号：5
期号：4
页码：p85
语种：English
出版社：Sciedu Press
摘要：Several prior studies find that firms pursue a long-term dividend target payout ratio with a fairly standardized speed of adjustment in developed markets. However, some studies conducted in emerging markets show strange findings that firms have target dividend payout ratios but they fail to follow stable dividend polices. This study examines dividend policy behavior in Vietnamese stock market, an emerging stock market without mandatory dividend payment using fixed effects regression for panel data. The research results support the partial adjustment model that firms in Vietnamese stock market have stable dividend policy behavior.