Four Is, Analyze Nonmarket environment. The next important step in the analysis of a firm’s nonmarket environment is to identify the actors who care about the issue Once you have identified the range of actors who care about an issue, the next critical question is what these actors actually want. Four Is là mô hình giúp người nghiên cứu hiểu rõ hơn các thành phần trong môi trường phi thị trường.
Analysis of the Nonmarket Environment: The Four I’s ISSUE EFFECTS OF DIVIDEND ANNOUNCEMENT ON THE REACTION OF STOCK MARKET IN VIETNAM Information leakage phenomenon TRADING VOLUME Insider trading DIVIDEND ANNOUNCEMENT ABNORMAL RETURN The information transparency is limited The Vietnam stock market is emerging market The securities law have not completed ACTORS & INTERESTS Actors Enterprises Interests Ensure the rights of their shareholders, Liquidity and Reputation Investors and Investment funds Profits Media Agencies Information, selling data Congress, Government, Stock Exchange, State securities The market operates effectively and transparently, Committee ensuring the rights of all parties, complete securities law ARENA Nonmarket issues can play out in multiple settings, from courtrooms and Stock forums all the way to the news media, the public domain, or Some of investors not expect to receive dividends whether in cash the blog or stock They just expect business operate effectively to help the stock price increase, it can satisfy shareholders In some cases, the payment of dividends is only to overtake investors on the weak cash flow of enterprises, especially those enterprises that State agencies punish firms for late publication of financial statements and late payment of dividends pay dividends by stock continuously for many years The only benefit of this form of dividend payment may help investors "avoid tax" INFORMATION Dividend announcements are published on website, stock exchange Financial report News (trade war, Corona virus, oil prices fall,…) Update new policies, regulation, law ASSET A firm’s reputation and its perceived trustworthiness are essential if it wants to transfer infomation to market through dividend annoucement Detailed knowledge of a committee’s decision-making procedures or key members’ concerns and policy positions are often necessary to influence an issue in the context of stock market As an investor, you must have ability to analyze financial statements, combined with market sentiment, assess unpredictable potential risks THANK YOU ... can satisfy shareholders In some cases, the payment of dividends is only to overtake investors on the weak cash flow of enterprises, especially those enterprises that State agencies punish firms... RETURN The information transparency is limited The Vietnam stock market is emerging market The securities law have not completed ACTORS & INTERESTS Actors Enterprises Interests Ensure the rights... decision-making procedures or key members’ concerns and policy positions are often necessary to influence an issue in the context of stock market As an investor, you must have ability to analyze