Bank Capital and Dividend Externalities
收藏NBER2013-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w19707
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资源简介：
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 affects
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美国国家经济研究局创建时间：
2013-12-01
