The determinants of dividend decisions of firms - Evidence from Vitenam's stock exchange
Abstract
This paper investigates the effect of several firm's characteristics on both dividend payment decision and its degree of paying. We use 2 step regression with Logistics being the first step and FEM test being the second, for the purpose of the research. Secondary data of listed companies on HOSE and HNX, which is extracted from public website, is being used for examination with the time period of 5 years (2015 - 2019). The result lends support to different dividend theoretical backgrounds such as transaction cost, signaling theory, and agency cost theory.