Factors affecting cash dividend payout policy

Abstract

    The paper investigates factors affecting cash dividend payout of Vietnamese firms. Employing a panel data set of firms listed in Ho Chi Minh city stock exchanges for the period from 2009 to 2012, the empirical results suggest that debt ratio, firm size, tangible asset ratio, growth and firm risk statistically significantly affect cash dividend payout. On the other hand, the results do not show a significant relationship between profitability ratio and cash dividend payout and liquidity and cash dividend.