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strengths of the agency conflicts faced by their shareholders and creditors. We show that dividend policy depends on the …Using data on listed banks in 51 countries, we analyze whether banks' dividend payouts are influenced by the relative …
Persistent link: https://www.econbiz.de/10012985920
strengths of the agency conflicts faced by their shareholders and creditors. We show that dividend policy depends on the …Using data on listed bankes in 51 countries, we analyze whether banks' dividend payouts are influenced by the relative …
Persistent link: https://www.econbiz.de/10012993593
(noncontrolling shareholders) and bank creditors (e.g. depositors or debt-holders) on bank dividend payout policies using a panel data … to examine the impact of legal protection of shareholders and creditors on bank dividend payout amounts. And, logit panel …Purpose: The purpose of this paper is to examine the impact of legal protection of bank minority shareholders …
Persistent link: https://www.econbiz.de/10012996597
This paper studies the link between the agency costs of equity and the agency costs of debt. Using a unique sample of the ownership structure of single and dual class firms as well as hand-collected data on loan contracts, we find that the agency cost of debt – proxied by various loan...
Persistent link: https://www.econbiz.de/10013091502
of bank shareholders). In this paper, we explore institutional investors' preferences for bank capital for a sample of U … influence of institutional shareholders. Further analyses show that the relationship between bank capital and institutional … suggest that institutional shareholders view bank capital as privately optimal and complement banking regulation in increasing …
Persistent link: https://www.econbiz.de/10012920336
Board governance is an important aspect of internal bank governance. We conduct an empirical study on 100 banks in China for the period from 2004 to 2017 using a time-varying growth bank shareholder network to investigate the relationship and mechanism between bank shareholder network and board...
Persistent link: https://www.econbiz.de/10014504890
The paper aims to empirically assess the threshold effect in the large shareholders (LS) and bank performance … large shareholders-bank performance relationship. Additionally, results show that this effect differs across regions. More … specifically, we found that, below the threshold, large shareholders significantly decrease bank performance for the whole sample …
Persistent link: https://www.econbiz.de/10014584308
shareholders is smaller or when savings banks are family firms. Practical implications: Outside directors can not only play the …
Persistent link: https://www.econbiz.de/10014234822
Persistent link: https://www.econbiz.de/10012656400
Persistent link: https://www.econbiz.de/10012006226