Lai, Shaojie; Wang, Qing; Du, Jiangze; Pi, Shuwen - In: Journal of Risk and Financial Management 14 (2021) 3, pp. 1-14
This article examines the propensity to pay dividends in the U.S banking sector during 1973-2014. Although the propensity to pay dividends has been declining over the 52 years of our sample period, banks are consistently more likely to pay dividends than non-financial firms. Using the...