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Bank capital and dividend externalities
Acharya, Viral V.; Le, Hanh; Shin, Hyun Song - 2016
, as in the banking sector, dividend payouts can shift the relative value of stakeholders' claims across firms. Through … dividends and inefficient recapitalization relative to the efficient policy that maximizes banking sector equity. We compare the …
Persistent link: https://www.econbiz.de/10011535710
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Bank capital and dividend externalities
Acharya, Viral V.; Le, Hanh T.; Shin, Hyun Song - In: The review of financial studies 30 (2017) 3, pp. 998-1018
Persistent link: https://www.econbiz.de/10011749300
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Bank capital and dividend externalities
Acharya, Viral V.; Le, Hanh; Shin, Hyun Song - 2013
Persistent link: https://www.econbiz.de/10009760780
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Bank capital and dividend externalities
Acharya, Viral V.; Le, Hanh; Shin, Hyun Song - 2014
Persistent link: https://www.econbiz.de/10010363546
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Bank capital and dividend externalities
Acharya, Viral V.; Le, Hanh; Shin, Hyun Song - 2013
Persistent link: https://www.econbiz.de/10010227301
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Bank Capital and Dividend Externalities
Acharya, Viral V. - 2013
In spite of mounting losses banks continued to pay dividends during the crisis. We present a model that addresses this behavior. By paying out dividends, a bank transfers value to its shareholders away from creditors, among whom are other banks. This way, one bank's dividend payout policy...
Persistent link: https://www.econbiz.de/10012458955
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Bank Capital and Dividend Externalities
Acharya, Viral V. - 2016
in the banking sector, dividend payouts can shift the relative value of stakeholders' claims across firms. Through this … dividends and inefficient recapitalization relative to the efficient policy that maximizes banking sector equity. We compare the …
Persistent link: https://www.econbiz.de/10012983304
Cover Image
Bank Capital and Dividend Externalities
Acharya, Viral V. - 2013
In spite of mounting losses banks continued to pay dividends during the crisis. We present a model that addresses this behavior. By paying out dividends, a bank transfers value to its shareholders away from creditors, among whom are other banks. This way, one bank's dividend payout policy...
Persistent link: https://www.econbiz.de/10013071913