| dc.description.abstract | The determinants of dividend payout ratio must be the most debated topics within corporate finance and some researchers also considered it like an unsolved puzzle. There are a lot of researches have been conducted, but it is still impossible to have a right answer for determinants of dividend payout ratio. The author therefore attempts to conduct a study about determinants of dividend payout ratio: a comparative study of industry in Vietnam.
The purpose of this research must be to determine whether there is a relationship between some selected factors and dividend payout ratio. The second purpose of this research is to compare whether there are any differences between industries in terms of the determinants of dividend payout ratio. After reviewing dividend theories and previous studies, the research has been conducted for testing the relationship between dividend payout ratio and six independent variables: free cash flow, growth, profit, leverage, risk and size. Furthermore, the author also used one dummy variable for industry type. The data used in this study are secondary data collected from 2010 to 2014 in Ho Chi Minh Stock Exchange.
The results indicate that some of the independent variables have significant relationship to dividend payout ratio and there are differences between industries in terms of the determinants of payout ratios. | en_US |
