| dc.description.abstract | The main purpose of this research is to investigate the impact of dividend policy on stock
price volatility across companies listed on Ho Chi Minh Stock Exchange (HOSE) and Hanoi
Stock Exchange (HNX) (i.e. the North, the South and the Central of Vietnam). Dividend
policy is measured by the ratio of dividend yield and dividend payout. In methodology, the
research is applied linear regressions and correlation analysis to analyze the relationship
between dividend policy and stock volatility in Vietnam. The study collects data from a
sample of 88 industrials and 44 utilities corporations on HOSE and HNX from 2013 to 2020.
The result indicates that dividend yield has a negative association with stock price volatility
in both industrials and utilities sectors while dividend payout ratio has positive correlation
with the change of stock price. Moreover, the research result also provides that firm size has
an inverse impact on the volatility of stock price whereas earning volatility has an inverse
impact on stock price movements. | en_US |
