Investor attention and its impact on stock returns in Vietnamese listed companies

Abstract

The paper examines the impact of investor attention on stock returns in Vietnamese listed companies during the period of 2011-2021. By employing multivariate regression models, the research results indicate that companies in industries attracting investor attention tend to experience higher stock returns in the following year. Additionally, the paper also demonstrates that other factors including firm size, return on total assets (ROA), and the market-to-book ratio have certain effects on stock returns in Vietnamese listed firms