This paper studies the impact of banks' dividend restrictions on the behavior of their institutional investors. Using … funds permanently decrease their ownership shares at treated banks during the 2020 dividend restrictions in the Eurozone and … ownership and banks' dividend yield, highlighting again the importance of dividends for European banks' fund investors. This …

This paper studies the impact of banks’ dividend restrictions on the behavior of their institutional investors. Using … funds permanently decrease their ownership shares at treated banks during the 2020 dividend restrictions in the Eurozone and … fund ownership and banks’ dividend yield, highlighting again the importance of dividends for European banks’ fund investors …

This paper evaluates the impact of the March 2020 European Central Bank recommendation that banks do not pay dividends … or buy back shares on their market values. It documents a causal negative impact on bank share prices of around 7% during … highlights the importance of managing perceptions about dividend uncertainty through credible communication about the expected …

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 …

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 …

The paper investigates the effectiveness of dividend-based macroprudential rules in complementing capital requirements … to promote bank soundness and sustained lending over the cycle. First, some evidence on bank dividends and earnings in … generates bank equity and credit supply volatility. Then, a DSGE model with key financial frictions and a banking sector is …

nonbank segments, and not their bank segments, from inflexible external dividend policies. Further, bank internal dividends … profitable segment to relax its financial constraints. Results demonstrate that bank holding companies (BHCs) shield their … passage of the Gramm-Leach-Bliley Act increased their bank segments' payout ratios by 12 percentage points relative to those …

This paper examines the effects of changes in bank regulatory environment on the risk, return, and liquidity … characteristics of equity portfolios of U.S. bank holding companies between 1997 and 2016. Using a comprehensive sample of bank and …, subsequent reforms of the bank capital requirements system and the prohibition of banks from proprietary trading activities lead …

This paper evaluates the impact of the March 2020 European Central Bank recommendation that banks do not pay dividends … or buy back shares on their market values. It documents a causal negative impact on bank share prices of around 7% during … highlights the importance of managing perceptions about dividend uncertainty through credible communication about the expected …

This paper evaluates the impact of the March 2020 European Central Bank recommenda-tion that banks do not pay dividends … or buy back shares on their market values. It documents a causal negative impact on bank share prices of around 7% during … highlights the impor-tance of managing perceptions about dividend uncertainty through credible communication about the expected …