bank’s cash holdings and can signal the bank’s type through its dividend policy. Banks that will be adversely affected by … unaffected banks can credibly signal via a more aggressive payout strategy. Dividend payout restrictions have the potential to …

dividend yield is typically viewed as a reflection of either changing risk, related to the business cycle, or irrational … mispricing. Extending the work on asset allocation and dividend yield by Kandel and Stambaugh (1996) to accommodate variation in …

dividend yield is typically viewed as a reflection of either changing risk, related to the business cycle, or irrational … mispricing. Extending the work on asset allocation and dividend yield by Kandel and Stambaugh (1996) to accommodate variation in …