The impact of dividend and profit announcement on the stock price of listed firms on Ho Chi Minh Stock Exchange (HOSE)

Authors

  • Pham Tien Manh*
  • Tran Thi Phuong Thao
  • Vu Thi Thanh Huyen
  • Dinh Lan Huong

Keywords:

abnormal earnings, announcement, dividend, profit, stock price

Abstract

Through a research on the firms chosen from the Ho Chi Minh Stock Exchange (HOSE) from 2015 to 2017, we considered how dividend and profit announcement affected the stock price of listed companies on HOSE. Using the event study, we found the existence of average abnormal earnings before and after announcing the dividend and profit. On that basis, we gave several related recommendations for relevant companies and authorities.

 

Classification number

5.2

Author Biographies

Pham Tien Manh

Faculty of Finance, Banking Academy

Tran Thi Phuong Thao

Faculty of Finance, Banking Academy

Vu Thi Thanh Huyen

Faculty of Finance, Banking Academy

Dinh Lan Huong

Faculty of Finance, Banking Academy

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Published

2018-11-25

Received: 7 June 2018; accepted: 26 July 2018

How to Cite

Manh, P. T., Thao, T. T. P., Huyen, V. T. T., & Huong, Dinh L. (2018). The impact of dividend and profit announcement on the stock price of listed firms on Ho Chi Minh Stock Exchange (HOSE). Version B of Vietnam Journal of Science and Technology, 60(11). Retrieved from https://b.vjst.vn/index.php/ban_b/article/view/662

Issue

Vol. 60 No. 11 (2018): Volume 60 - Number 11 - November 2018

Section

Social Sciences and Humanities