Author(s): Nguyen Tan Vinh
A high dividend payout policy will make it attractive for shareholders when their investments are profitable, which is reflected in the dividend payout. At the same time, the behavior of dividend payout depends on the decisions of the CEO. CEOs with different confidence will influence different dividend policies. Therefore, the author assesses the impact of Overconfident CEO on dividend policy in enterprises of Vietnam. An analysis of 372 enterprises listed on the HOSE by the panel data model showed that Overconfident CEO has a negative impact on dividend payout. At the same time, research also shows that leverage has a negative impact on dividend payout; firm size has a positive impact on dividend payout. From the results of this study, the author also made recommendations to support investors as well as shareholders in the enterprises to make decisions appropriate to their investment goals.