Journal ArticleDOI
Dividend payouts: evidence from U.S. bank holding companies in the context of the financial crisis
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TLDR
In this paper, the authors studied dividend payouts of 462 U.S. bank holding companies before and during the 2007-09 financial crisis and found that regulatory pressure was ineffective in limiting dividend payout by under-capitalized banks before the financial crisis.About:
This article is published in Journal of Corporate Finance.The article was published on 2013-09-01. It has received 112 citations till now. The article focuses on the topics: Dividend & Financial crisis.read more
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Fair value reclassifications of financial assets during the financial crisis
TL;DR: In this article, the authors examined whether reclassifications of financial assets out of fair value categories during a market downturn are associated with regulatory benefits and informational costs, and they found that the severity of regulatory capital restrictions and the lack of prudential filters for unrealized fair value changes are positively associated with a bank's reclassification choice.
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CEO power, government monitoring, and bank dividends
TL;DR: In this article, the role of CEO power and government monitoring on bank dividend policy for a sample of 109 European listed banks for the period 2005-2013 was investigated, and three main proxies for CEO power were employed: CEO ownership, CEO tenure, and unforced CEO turnover.
Journal ArticleDOI
Environmental risk management and financial performance in the banking industry: A cross-country comparison
TL;DR: In this paper, the effect of the Equator Principles (EP) adoption on the performance of banks in developing and developed countries was analyzed using comparison analyses, event-study methodology and two-stage selection modelling.
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Does gender diversity on banks' boards matter? Evidence from public bailouts
TL;DR: In this article, the authors examined the impact of gender diversity on banks' boards on the probability and size of public bailouts and found that banks with more gender-diverse boards are less likely to receive a public bailout and receive a lower amount of bailout funds as a percentage of total assets than banks with less gender diverse boards.
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Dividends and economic policy uncertainty: International evidence
TL;DR: In this article, the authors provide the first international evidence on the impact of economic policy uncertainty (EPU) on dividend policy, using data from 19 countries and finding that a high level of EPU is positively associated with dividend payout.
References
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Book
Econometric Analysis of Cross Section and Panel Data
TL;DR: This is the essential companion to Jeffrey Wooldridge's widely-used graduate text Econometric Analysis of Cross Section and Panel Data (MIT Press, 2001).
Posted Content
Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers
TL;DR: In this paper, the benefits of debt in reducing agency costs of free cash flows, how debt can substitute for dividends, why diversification programs are more likely to generate losses than takeovers or expansion in the same line of business or liquidationmotivated takeovers, and why the factors generating takeover activity in such diverse activities as broadcasting and tobacco are similar to those in oil.
Journal ArticleDOI
Dividend Policy, Growth, and the Valuation of Shares
TL;DR: In this paper, the effect of differences in dividend policy on the current price of shares in an ideal economy characterized by perfect capital markets, rational behavior, and perfect certainty is examined.
Distribution of incomes of corporations among dividends, retained earnings and taxes
TL;DR: Lintner as discussed by the authors discusses the distribution of income of corporations among dividends, retained earnings, and taxes in the context of the Sixtyeighth Annual Meeting of the American Economic Association.
Journal ArticleDOI
Dividend Policy under Asymmetric Information
Merton H. Miller,Kevin Rock +1 more
TL;DR: In this article, the authors extend the standard finance model of the firm's dividend/investment/financing decisions by allowing the managers to know more than outside investors about the true state of the current earnings.
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Disappearing dividends: changing firm characteristics or lower propensity to pay?
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