Abstract
The article examines the factors affecting the dividend policies of pharmaceutical and chemical enterprises listed on the Vietnamese stock market. Data were collected from the financial statements of listed pharmaceutical and chemical enterprises from 2014 to 2023. The empirical results showed that the GLS model found an inverse relationship of asset growth rate, investment rate in fixed assets, volatility of earnings per share, company size, and a positive correlation of business performance, debt ratio, and dividend policy of enterprises in the industry. Based on the findings, the study suggests several recommendations for internal managers while considering the appropriate dividend policies. Furthermore, the study makes recommendations for investors who intend to invest in pharmaceutical and chemical enterprises.
Keywords: dividend policy, GLS model, pharmaceutical and chemical enterprises, listed enterprises.
JEL classification: G30, G32, G11.
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Ban biên tập Tạp chí Kinh tế & Quản trị Kinh doanh
Phòng 514, Nhà điều hành, trường Đại học Kinh tế & Quản trị Kinh doanh
Địa chỉ: Phường Tân Thịnh, thành phố Thái Nguyên
Email: tapchikt-qtkd@tueba.edu.vn; Điện thoại: 0208.3903373
