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 …

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

Many large U.S. bank holding companies (BHCs) continued to pay dividends during the recent financial crisis, even as … dividend payments alone. The paper also examines the role that repurchases played in large BHCs' decisions to reduce or …-crisis repurchases and the size of dividend reductions for these institutions. …

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 …

Using a unique dataset of the Euro area and the U.S. bank lending standards, we find that low (monetary policy) short … securitization activity, weak supervision for bank capital and too low for too long monetary policy rates. Conversely, low long …