Showing 1 - 10 of 18
Persistent link: https://www.econbiz.de/10003638355
Persistent link: https://www.econbiz.de/10003640602
Persistent link: https://www.econbiz.de/10008827017
Persistent link: https://www.econbiz.de/10009760780
Persistent link: https://www.econbiz.de/10010363546
Persistent link: https://www.econbiz.de/10010227294
Persistent link: https://www.econbiz.de/10010227301
Persistent link: https://www.econbiz.de/10010341256
"Dividend payouts affect the relative value of claims within a firm. When firms have contingent claims on each other, as in the banking sector, dividend payouts can shift the relative value of stakeholders' claims across firms. Through this channel, one bank's capital policy affects the equity...
Persistent link: https://www.econbiz.de/10011535710
In spite of mounting losses banks continued to pay dividends during the crisis. We present a model that addresses this behavior. By paying out dividends, a bank transfers value to its shareholders away from creditors, among whom are other banks. This way, one bank's dividend payout policy...
Persistent link: https://www.econbiz.de/10013071913