Tran, Dung Viet - In: Cogent economics & finance 9 (2021) 1, pp. 1-21
-payers, consistent with the Dividend-Stability Channel. However, among banks that pay dividends, excessive dividends makes them riskier …Relying on a US bank sample, we document the double-edged sword of dividends on the bank's riskiness. Paying dividends …, consistent with the Dividend-Fragility Channel. Our results remain unchanged due to a battery of robustness testings. …