Summary of Phd thesis: Investor sentiment, earnings quality and dividend policy - Evidence from Vietnam

In order to distribute earnings to shareholders, besides cash dividend, the firms can also buy back shares. However, compared to cash dividends, share repurchases are less common. Therefore, the thesis only focuses on cash dividend policy of the firms. Specifically, the thesis studies the dividend payment policy of 460 firms listed on HSX and HNX between 2010 and 2016. The data is collected from 2009 to 2017. The data needed for research is extracted from the Datastream database. The final sample includes 2,653 firmyear observations.