The relationship between corporate governance and dividend policy in Vietnam market - Case study of non-financial listed company in Vietnam
Abstract
The main objective for this research is finding out the connection between dividend policy and corporate governance of non-financial companies listed in Ho Chi Minh Stock Exchange (HOSE). This research also relies on the annual reports and financial statement of 145 companies in the year of 2018. The results in this study advocated a significant relationship between corporate governance and dividend policy. Therefore, the coefficient of the Corporate Governance index has negative to the dividend payout ratio. Besides that, the Profitablity and Growth have clearly impact on dividend payout ratio, but Profit has positive relationship, contrary to the Firm Growth. The size of the firm creates negative effect on dividend policy in the non-financial company listed in Vietnam.
Keywords: Corporate governance, dividend policy