Bank stability and dividend policy

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 Channe...

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Autor principal:	Dung Viet Tran
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2021
Materias:	banks dividends payout policy risk Finance HG1-9999 Economic theory. Demography HB1-3840
Acceso en línea:	https://doaj.org/article/37c8b01273054b599b9151ac46f06825
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spelling	oai:doaj.org-article:37c8b01273054b599b9151ac46f068252021-11-04T15:51:57ZBank stability and dividend policy2332-203910.1080/23322039.2021.1982234https://doaj.org/article/37c8b01273054b599b9151ac46f068252021-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23322039.2021.1982234https://doaj.org/toc/2332-2039Relying 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, consistent with the Dividend-Fragility Channel. Our results remain unchanged due to a battery of robustness testings.Dung Viet TranTaylor & Francis Grouparticlebanksdividendspayout policyriskFinanceHG1-9999Economic theory. DemographyHB1-3840ENCogent Economics & Finance, Vol 9, Iss 1 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	banks dividends payout policy risk Finance HG1-9999 Economic theory. Demography HB1-3840
spellingShingle	banks dividends payout policy risk Finance HG1-9999 Economic theory. Demography HB1-3840 Dung Viet Tran Bank stability and dividend policy
description	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, consistent with the Dividend-Fragility Channel. Our results remain unchanged due to a battery of robustness testings.
format	article
author	Dung Viet Tran
author_facet	Dung Viet Tran
author_sort	Dung Viet Tran
title	Bank stability and dividend policy
title_short	Bank stability and dividend policy
title_full	Bank stability and dividend policy
title_fullStr	Bank stability and dividend policy
title_full_unstemmed	Bank stability and dividend policy
title_sort	bank stability and dividend policy
publisher	Taylor & Francis Group
publishDate	2021
url	https://doaj.org/article/37c8b01273054b599b9151ac46f06825
work_keys_str_mv	AT dungviettran bankstabilityanddividendpolicy
_version_	1718444641476411392

Bank stability and dividend policy

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