Accounting information quality moderates the effect of dividends on investment decisions: Evidence in Vietnam

Autor:	Quoc Trung Nguyen Kim
Jazyk:	angličtina
Rok vydání:	2023
Předmět:	accounting information quality agency theory asymmetric information theory dividends investment signaling theory Finance HG1-9999 Economic theory. Demography HB1-3840
Zdroj:	Cogent Economics & Finance, Vol 11, Iss 2 (2023)
Druh dokumentu:	article
ISSN:	23322039 2332-2039
DOI:	10.1080/23322039.2023.2234129
Popis:	AbstractThe author specifies the pivotal role of accounting information quality in moderating the influence of dividends on the investment decisions of listed firms in Vietnam from 2009 to 2020. In this study, the significant dependence of investment on dividends is proved by the Two-Step System Generalized Method of Moments. The key findings show that dividends and investment decisions have a statistically significant negative relationship. The relationship is clarified based on agency theory, asymmetric information theory, and signaling theory, which are used in low-information-transparency markets such as the Vietnamese market. Primarily, the role of a moderating factor could mitigate the negative relationship above.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/7f732be7187b466dbeb3ba101dd9dad1 Zobrazit plný text záznamu View record in DOAJ Plný text ve formátu PDF Plný text ve formátu HTML
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