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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| Format: | article |
| Language: | EN |
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Taylor & Francis Group
2021
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| Online Access: | https://doaj.org/article/37c8b01273054b599b9151ac46f06825 |
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