Tác động của chính sách cổ tức đến tăng trưởng bền vững của doanh nghiệp: một phân tích thực nghiệm=Impact of dividend policies on sustainable corporate growth: an empirical analysis

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Tác giả: Hien Nguyen Thi Bao, Vu Van Ninh, Sang Ha Van

Ngôn ngữ: vie

Ký hiệu phân loại:

Thông tin xuất bản: Tạp chí Khoa học & Công nghệ - Trường Đại học Công nghiệp Hà Nội, 2024

Mô tả vật lý: tr.45-49

Bộ sưu tập: Metadata

ID: 251928

This study delves into the influence of dividend policies on the sustainable growth trajectories of corporations. By examining a comprehensive dataset spanning a decade and encompassing 300 publicly traded companies, we aim to decode the dynamics between dividend payout ratios and corporate reinvestment behaviors and their collective impact on growth. Central to our investigation are key financial metrics: the dividend payout ratio, which represents the proportion of earnings distributed to shareholders as dividends, and the reinvestment rate, which indicates the percentage of retained earnings reinvested in the company for future growth. We employ multiple regression models to explore how these financial strategies affect sustainable corporate growth - a vital indicator of long-term corporate health and performance. Our approach allows us to isolate the effects of dividend payouts f-rom other variables potentially influencing growth outcomes, thereby providing a clearer picture of the direct and indirect impacts of these policies. The analysis not only quantifies the relationship between dividend distribution practices and growth rates but also assesses the broader implications for corporate sustainability in a competitive economic environment. Through this empirical framework, the paper seeks to offer insights into optimal dividend policies that promote sustainable growth, balancing shareholder returns with the need for corporate reinvestment. This study contributes to the ongoing debate on the strategic management of dividends and its significance for maintaining corporate vitality in an evolving marketplace.This study delves into the influence of dividend policies on the sustainable growth trajectories of corporations. By examining a comprehensive dataset spanning a decade and encompassing 300 publicly traded companies, we aim to decode the dynamics between dividend payout ratios and corporate reinvestment behaviors and their collective impact on growth. Central to our investigation are key financial metrics: the dividend payout ratio, which represents the proportion of earnings distributed to shareholders as dividends, and the reinvestment rate, which indicates the percentage of retained earnings reinvested in the company for future growth. We employ multiple regression models to explore how these financial strategies affect sustainable corporate growth - a vital indicator of long-term corporate health and performance. Our approach allows us to isolate the effects of dividend payouts f-rom other variables potentially influencing growth outcomes, thereby providing a clearer picture of the direct and indirect impacts of these policies. The analysis not only quantifies the relationship between dividend distribution practices and growth rates but also assesses the broader implications for corporate sustainability in a competitive economic environment. Through this empirical framework, the paper seeks to offer insights into optimal dividend policies that promote sustainable growth, balancing shareholder returns with the need for corporate reinvestment. This study contributes to the ongoing debate on the strategic management of dividends and its significance for maintaining corporate vitality in an evolving marketplace.
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