| Autor: |
Nguyen Thi Ngoc Linh, Nguyen Ho Xuan Tra, Nguyen Phuong Duy, Phan Nguyen Anh Quan |
| Zdroj: |
International Journal of Information & Management Sciences; 2023, Vol. 34 Issue 3, p223-242, 20p |
| Abstrakt: |
This paper examines the impact of oil shocks and ESG disclosure on corporate payout of Vietnamese non-financial firms listed on the Ho Chi Minh Stock Exchange (HSX) over the period from 2011 to 2021. We decompose oil shocks into demand and supply sides and employ three measures of divided policy, including dividend payers, payout ratio, dividend scaled by total assets. We find that oil demand shocks reduce corporate payouts while oil supply shock has no impact on corporate payouts. With regard to the impact of ESG disclosure, the findings indicate that ESG disclosure exerts a remarkable positive influence on corporate dividend policy. These empirical results remain robust after controlling for alternative measurements of corporate dividend payouts. [ABSTRACT FROM AUTHOR] |
| Databáze: |
Complementary Index |
| Externí odkaz: |
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