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Export Reference (APA) 
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
Export Reference (IEEE) 
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
Export BibTeX 
@article{abreu2013_1744854554543,
	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"
}
Export RIS 
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  -