has lower persistence than non-announcement-day volume. No statistically significant risk premium manifests on the release …

Relying on a US bank sample, we document the double-edged sword of dividends on the bank's riskiness. Paying dividends … exposes banks to stricter market discipline, then decreases the risk-taking behaviors of bank management compared with non …-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 … exposes banks to stricter market discipline, then decreases the risk-taking behaviors of bank management compared with non …-payers, consistent with the Dividend-Stability Channel. However, among banks that pay dividends, excessive dividends makes them riskier …

. Firstly, results show that the payment of dividends reduces the risk and the leverage, and increases the ownership. Secondly …, the firm risk presents a negative effect on the debt ratio and on the payment of dividends and a positive repercussion on …This paper analyzes the relationship between the dividend and debt policies, firm risk and the directors’ ownership …