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Dividend policy and earnings quality in Vietnam

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dc.contributor.author Bùi Kim Phương
dc.date.accessioned 2023-05-12T00:55:41Z
dc.date.available 2023-05-12T00:55:41Z
dc.date.issued 2019
dc.description.abstract Purpose – The purpose of this paper is to examine the relationship between dividend policy and earnings quality of Vietnamese listed firms. Design/methodology/approach – The sample includes firms listed on Vietnam stock exchange during the period between 2010 and 2016. Two measures of earnings quality are the annual firm-specific absolute value of residuals from Dechow and Dichev’s (2002) model and from Dechow and Dichev (2002) as modified by McNichols’s (2002) model. The firms’ dividend policy is captured by dividend paying status. This is a dummy variable that takes the value of 1 if the firm pays dividends and 0 otherwise. In addition, dividend yield and dividend payout ratio, which are continuous variables, are also used in this paper as alternative proxies for dividend policy. Findings – Using panel data analysis, this paper documents that dividend payers have higher earnings quality than dividend non-payers. Dividends are an indicator of earnings quality. These findings are consistent with prior studies. After controlling for variables that may be related to earnings quality as well as for the year and industry fixed effects, this relation remains unchanged. In addition, this result is also robust after controlling for firm fixed effects. Originality/value – This paper offers the empirical evidence on the relation between dividend policy and earnings quality in Vietnam, which is a frontier market.
dc.identifier.uri http://repository.vlu.edu.vn:443/handle/123456789/4631
dc.language.iso en_US
dc.relation.ispartof Journal of Asian Business and Economic Studies
dc.relation.issn 2515-964X
dc.subject Earnings management
dc.subject Vietnam
dc.subject Earnings quality
dc.subject Dividend policy
dc.subject Frontier market
dc.title Dividend policy and earnings quality in Vietnam
dc.type Resource Types::text::journal
dspace.entity.type Publication
oaire.citation.endPage 312
oaire.citation.startPage 301
oairecerif.author.affiliation #PLACEHOLDER_PARENT_METADATA_VALUE#
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