학술논문
Provincial Governance Quality and Earnings Management: Empirical Evidence from Vietnam
이용수 0
- 영문명
- 발행기관
- 한국유통과학회
- 저자명
- Anh Huu NGUYEN Chi Thi DUONG
- 간행물 정보
- 『The Journal of Asian Finance, Economics and Business(JAFEB)』Vol. 7 No.2, 43~52쪽, 전체 10쪽
- 주제분류
- 경제경영 > 경제학
- 파일형태
- 발행일자
- 2020.02.28
무료
구매일시로부터 72시간 이내에 다운로드 가능합니다.
이 학술논문 정보는 (주)교보문고와 각 발행기관 사이에 저작물 이용 계약이 체결된 것으로, 교보문고를 통해 제공되고 있습니다.
국문 초록
영문 초록
The paper investigates the mechanism through which corporate credit ratings affect dividend payments by decomposing the mean difference of dividends into a part that is explained by the determinants of dividends and a residual part that is contributed by the pure credit group effect, in the framework of the traditional dividend model of Fama and French (2001). Historically, better credit rated firms have shown consistently higher propensity to pay dividends especially during the economic crisis period. According to the counter-factual decomposition technique of Jann (2008), better rated firms are more responsive to the firm characteristics that have positive impact on dividends and poor rated firms are more responsive to the negative dividend predictors. As a result, good (bad) credit ratings make corporate managers become more bold (timid) in their dividend payments and they tend to pay more (less) dividends than what their firm characteristics prescribe. The degree of information asymmetry increases for the poor group firms during crisis periods and they attempt to reserve more cash in preparation for future investments. The decomposition results suggest that the credit group effect can potentially exceed the effect of firm characteristics because firms of different credit ratings can respond to the very same firm characteristics in a different manner.
목차
1. Introduction
2. Literature Review
3. Research Hypotheses
4. Research Methodology
5. Results and Discussion
6. Implications and Conclusion
References
해당간행물 수록 논문
- The Impact of Interactional Justice and Supply-Chain Collaboration on Sustainable SCM Performance: The Case of Multinational Pharmaceutical Firms
- The Asymmetric Effect of Inflation on Economic Growth in Vietnam: Evidence by Nonlinear ARDL Approach
- Relationship Brand Orientation and Internal Brand Equity at Internet Service Providers: An Organization Change Readiness Effect
- Impacts of Ownership Structure on Systemic Risk of Listed Companies in Vietnam
- The Adoption of Risk Based Audit Approach in the Independent Audit Firms: A Study of Case of Vietnam
- The Determinants of Environmental Information Disclosure in Vietnam Listed Companies
- Challenges Facing Internationalization of SMEs in Emerging Economies: A Study on OECD Model
- Factors Affecting Industry and University Collaboration in Education in the Hospitality Industry in Vietnam: A Business Perspective
- The Influence of Credit Scores on Dividend Policy: Evidence from the Korean Market
- China’s Outward Foreign Direct Investment Patterns: Evidence from Asian Financial Markets
- Influence of Overconfidence and Cash Flow on Investment in Vietnam
- A Study of Role of Perceived Organizational Support among Sexual Harassment and Employees’ Attitudes
- Social Responsibility, Organizational Commitment, and Organizational Performance: Food Processing Enterprises in the Mekong River Delta
- Determinants Influencing Tax Compliance: The Case of Vietnam
- The Effect of Corporate Social Responsibility Practices on Brand Equity: An Examination of Malaysia’s Top 100 Brands
- Impact of Organizational Culture on the Accounting Information System and Operational Performance of Small and Medium Sized Enterprises in Ho Chi Minh City
- The Impact of Intellectual Capital Disclosure on Firm Performance: Empirical Evidence from Pharmaceutical and Chemical Industry of Bangladesh
- The Antecedents of Relationship Marketing and Customer Loyalty: A Case of the Designed Fashion Product
- Quantitative Analysis of Poverty Indicators: The Case of Khon Kaen Province, Thailand
- Utilizing Case-based Reasoning for Consumer Choice Prediction based on the Similarity of Compared Alternative Sets
- The Impact of Senders’ Identity to the Acceptance of Electronic Word-of-Mouth of Consumers in Vietnam
- Factor Affecting Customers’ Decision to Use Mobile Banking Service: A Case of Thanh Hoa Province, Vietnam
- Bank Dividend Policy and Degree of Total Leverage
- The Mediating Role of Distribution Kahn’s Engagement: An Empirical Evidence of Salesforce in Indonesia
- Provincial Governance Quality and Earnings Management: Empirical Evidence from Vietnam
- Do Firm Characteristics and Industry Matter in Determining Corporate Cash Holdings? Evidence from Hospitality Firms
- Developing Traditional Handcraft Villages: The Determinants of Lending Decision from Binh Duong Province’s Banks in Vietnam
- Financial Security of Vietnamese Businesses and Its Influencing Factors
- The Mediating Effect of Empathy on the Relationship between Cultural Intelligence and Intercultural Adaptation in Intercultural Service Encounters
- Empowerment Model for Sustainable Tourism Village in an Emerging Country
참고문헌
관련논문
최근 이용한 논문
교보eBook 첫 방문을 환영 합니다!
신규가입 혜택 지급이 완료 되었습니다.
바로 사용 가능한 교보e캐시 1,000원 (유효기간 7일)
지금 바로 교보eBook의 다양한 콘텐츠를 이용해 보세요!