Bank dividend payout policy and debt seniority: Evidence from US Banks

Bank depositors and creditors are expected to play an important role in banks’ dividend policy since they can either discipline or incentivise managers to pay larger dividends. We provide evidence suggesting that depositors are more influential than subordinated debtholders in disciplining risky ban...

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Bibliographic Details
Main Authors: Thaer Alhalabi, Vitor Castro, Justine Wood
Format: Default Article
Published: 2023
Subjects:
Banking, finance and investment
Banks
Dividends
Depositors
Subordinated debt
Market discipline
Financial crisis
Online Access:https://hdl.handle.net/2134/23796201.v1
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https://hdl.handle.net/2134/23796201.v1

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