| dc.description.abstract | This research targeted at 30 manufacturing firms which are listed in Vietnam. Panel data is the kind of data applied in this project to conduct regression model, with data during 2009-2013 period . We conduct data analysis to find out the relationship between dividend policy and agency confict. Besides that, firm size, debt, dividend policies and liquidity are also studied.
Empirical result showed that during the period, all the variables tested in this research maintain a positively insignificant relationship to the agency cost. From all the test, the null hypothesis is rejected so it can be concluded that the increase in devidend policy does not lead to the rise in asset utilization ratio so the agency cost is also not reduced.
The results may have many explainations for the situation of Vietnam. It may be because of the lack of concentration of firms on dividend policy until now or it may be due to the lack of information about how dividend policy can affect the reduction of agency cost. So this study may bring out a new horizon for company policy makers, shareholders, managers as well as future researchers on this topic. | en_US |
