Bank Capital Regulation and Dividend Policy

Yu-Jen Hsiao, Yi-Wen Tseng

Research output: Contribution to journalArticle

Abstract

We examine whether bank capital requirements are relevant to bank dividend payout policies. On the basis of an unbalanced panel analysis of 9,127 observations in 83 countries over the period of 1999 to 2012, we find that higher capital requirement regulation stringency is negatively associated with bank dividend payouts. In addition, we also find that capital regulatory pressure clearly explains dividend payouts during the 2007 to 2009 financial crisis. However, capital regulatory pressure is effective only in limiting dividend payouts by undercapitalized banks in developing countries.
Translated title of the contribution銀行資本適足監管與股利政策
Original languageEnglish
Pages (from-to)45-68
Number of pages24
Journal財務金融學刊
Volume24
Issue number3
DOIs
Publication statusPublished - Sep 1 2016

Keywords

  • 股利政策
  • 資本適足監管
  • 巴賽爾Ⅲ
  • Dividend policy
  • bank capital regulation
  • Basel III

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