Bank capital structure adjustments and dividend payout: International evidence

• Main Authors: Chien Yi Han, 簡亦涵
• Other Authors: 林昆立
• Format: Others
• Language: zh-TW
• Published: 2016
• Online Access: http://ndltd.ncl.edu.tw/handle/d6zb9g

碩士 === 逢甲大學 === 財務金融學系 === 104 === The study investigates whether capital structure adjustments in bank affect bank’s dividend payout, using a global sample of 79 countries during the 2002–2013 period. The sample contains 32917 observations and a total of 2701 commercial banks. The paper shows relationship between dividend payouts and bank capital structure adjustments before and during the financial crisis. The study shows that bank capital ratio is associated with dividend payout. Also, bank capital ratios surplus is associated with more bank dividend payout significally. In contrast, banks are below the target which not prefer to pay dividend. Second, if bank ownership is dispersed, then banks are above the target (capital ratios surplus) tend to pay more dividend before and during financial crisis. Third, banks in which are below the target unlike above the target would not tend to pay dividend after financial crisis. Finally, we also find if enhance overall capital stringency, strength of external scheme and official supervisory after financial crisis, banks would not limit the dividend payout.