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Payouts and future bank profitability : the role of capital distribution plans
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dc.contributor.author | Chronopoulos, Dimitris | |
dc.contributor.author | Che Johari, Edie Erman | |
dc.contributor.author | Sobiech, Anna L. | |
dc.contributor.author | Wilson, John O. S. | |
dc.date.accessioned | 2024-01-26T00:35:12Z | |
dc.date.available | 2024-01-26T00:35:12Z | |
dc.date.issued | 2023-07-26 | |
dc.identifier | 280687019 | |
dc.identifier | 0fda994e-1078-4ef4-b5c1-8f97980335e8 | |
dc.identifier.citation | Chronopoulos , D , Che Johari , E E , Sobiech , A L & Wilson , J O S 2023 , ' Payouts and future bank profitability : the role of capital distribution plans ' , Review of Corporate Finance , vol. 3 , no. 3 , pp. 361-387 . https://doi.org/10.1561/114.00000044 | en |
dc.identifier.issn | 2693-9312 | |
dc.identifier.other | ORCID: /0000-0002-2288-4842/work/145999528 | |
dc.identifier.other | ORCID: /0000-0002-9554-9332/work/146013648 | |
dc.identifier.uri | https://hdl.handle.net/10023/29078 | |
dc.description.abstract | We investigate the impact of a change in the regulatory oversight of bank capital distributions on the information content of payouts (dividends, share repurchases) regarding the future level and volatility of profitability of US Bank Holding Companies (BHCs). Using a differential regulatory treatment, which requires large BHCs to obtain prior regulatory approval before enacting payouts to shareholders, we find that an increase in regulatory oversight of bank capital distributions leads to an increase in the information content of dividends (but not share repurchases) with respect to the level (but not the volatility) of future bank profitability. | |
dc.format.extent | 27 | |
dc.format.extent | 874586 | |
dc.language.iso | eng | |
dc.relation.ispartof | Review of Corporate Finance | en |
dc.subject | Banks | en |
dc.subject | Bank regulation | en |
dc.subject | Capital | en |
dc.subject | Dividends | en |
dc.subject | Payouts | en |
dc.subject | Profitability | en |
dc.subject | Repurchases | en |
dc.subject | HG Finance | en |
dc.subject | 3rd-DAS | en |
dc.subject | MCC | en |
dc.subject | NCAD | en |
dc.subject.lcc | HG | en |
dc.title | Payouts and future bank profitability : the role of capital distribution plans | en |
dc.type | Journal article | en |
dc.contributor.institution | University of St Andrews. Centre for Responsible Banking and Finance | en |
dc.contributor.institution | University of St Andrews. School of Management | en |
dc.identifier.doi | 10.1561/114.00000044 | |
dc.description.status | Peer reviewed | en |
dc.date.embargoedUntil | 2024-01-26 |
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