CHƯƠNG 5 : KẾT LUẬN
5.2. Đóng góp của đề tài
5.2.2. Đối với cơ quan quản lý
Nhận thức rằng quản trị doanh nghiệp là nhân tố cơ bản để phát triển thị trường tài chính và đưa nền kinh tế tăng trưởng đã khiến cho các kết quả của bài nghiên cứu có liên quan mật thiết với các nhà làm chính sách. Bài nghiên cứu cung cấp bằng chứng cho thấy vấn đề bất cân xứng thông tin cao ở thị trường Việt Nam, điều này thuyết phục cơ quan quản lý xây dựng cơ chế quản lý mới để giải quyết vấn đề nổi bật này.
Tóm lại, các kết quả thu được từ bài nghiên cứu khuyến khích các nhà làm chính sách, nhà phân tích, các nhà đầu tư, ban giám đốc giám sát chặt chẽ những vấn đề phát sinh trong quản trị doanh nghiệp thông qua cơ chế giám sát chủ động để khôi phục lại bản chất của thị trường tài chính, thu hút thêm các nhà đầu tư trong nước và quốc tế.
5.3. Các hạn chế của bài nghiên cứu
Thứ nhất, bài nghiên cứu này chỉ dựa trên mẫu dữ liệu nhỏ chỉ gồm 119 công ty niêm yết trên sàn HOSE.
Thứ hai, bài viết của tác giả chỉ đưa vào các nhân tố cơ bản để phân tích ảnh hưởng của chúng đến tỷ lệ chi trả cổ tức, chưa bao gồm những nhân tố khác như: tác động của thuế, cấu trúc sở hữu hay những kế hoạch đền bù khuyến khích (incentive compensation plans) mà trong một số cơng trình nghiên cứu nước ngồi nhận thấy có sự tác động của những nhân tố trên đến chính sách cổ tức của doanh nghiệp (Mishra et al., 2016; Cao et al., 2017). Tác giả hi vọng những bài nghiên cứu sau sẽ mở rộng mẫu dữ liệu cũng như đưa thêm các nhân tố vừa nêu trên để cải thiện cơng trình nghiên cứu này.
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