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Using data on listed banks in 51 countries, we analyze whether banks' dividend payouts are influenced by the relative … strengths of the agency conflicts faced by their shareholders and creditors. We show that dividend policy depends on the …
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Using data on listed bankes in 51 countries, we analyze whether banks' dividend payouts are influenced by the relative … strengths of the agency conflicts faced by their shareholders and creditors. We show that dividend policy depends on the …
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