Nghiên cứu các nhân tố ảnh hưởng đến chính sách chi trả cổ tức - Minh chứng từ Việt Nam

This study aims to examine the influence of factors within a business on its dividend payment policy through a sample of 264 firms listed on the Vietnam Stock Exchange with 1584 observations over 6 years from 2015 to 2020.The study measures the impact of five factors on a business's dividend payment policy, including profitability, firm size, earnings per share ratio, firm risk, and price-to-earnings ratio.The results show that the two factors profitability and firm size have a negative impact on dividend payment policy, the factor earnings per share and price to earnings ratio have a positive impact on dividend payment policy.The variables in the research model explained 15.35% of the impact on the company's dividend payment policy.Research results are important evidence for managers in managing, operating, and mobilizing capital for firms and for shareholders when making capital investment decisions in the future.