Exportar Publicação
A publicação pode ser exportada nos seguintes formatos: referência da APA (American Psychological Association), referência do IEEE (Institute of Electrical and Electronics Engineers), BibTeX e RIS.
Abreu, J. F. & Gulamhussen, M. A. (2013). Dividend payouts: evidence from U.S. bank holding companies in the context of the financial crisis. Journal of Corporate Finance. 22 (1), 54-65
J. F. Abreu and M. A. Gulamhussen, "Dividend payouts: evidence from U.S. bank holding companies in the context of the financial crisis", in Journal of Corporate Finance, vol. 22, no. 1, pp. 54-65, 2013
@article{abreu2013_1734885942195, author = "Abreu, J. F. and Gulamhussen, M. A.", title = "Dividend payouts: evidence from U.S. bank holding companies in the context of the financial crisis", journal = "Journal of Corporate Finance", year = "2013", volume = "22", number = "1", doi = "10.1016/j.jcorpfin.2013.04.001", pages = "54-65", url = "http://www.sciencedirect.com/science/article/pii/S0929119913000291" }
TY - JOUR TI - Dividend payouts: evidence from U.S. bank holding companies in the context of the financial crisis T2 - Journal of Corporate Finance VL - 22 IS - 1 AU - Abreu, J. F. AU - Gulamhussen, M. A. PY - 2013 SP - 54-65 SN - 0929-1199 DO - 10.1016/j.jcorpfin.2013.04.001 UR - http://www.sciencedirect.com/science/article/pii/S0929119913000291 AB - We study dividend payouts of 462 U.S. bank holding companies before and during the 2007-09 financial crisis. Fama and French (2001) characteristics (size, profitability and growth opportunities) explain dividend payouts before and during the financial crisis. The agency cost hypothesis explains dividend payouts before and during (more pronouncedly) the financial crisis. The signaling hypothesis explains dividend payouts during the financial crisis. Regulatory pressure was ineffective in limiting dividend payouts by undercapitalized banks before the financial crisis. Our findings have implications for corporate finance and governance theories, and also for the regulatory reforms that are being discussed among policymakers. ER -