Capital Distributions in the Banking Industry

Monica BANYİ; Susan PORTER; Susan WİLLİAMS

Makale detayları

Capital Distributions in the Banking Industry

Yazarlar:

Monica BANYİ | Susan PORTER | Susan WİLLİAMS

Yayıncı:

PressAcademia

Dergi:

Journal of Business Economics and Finance 2014 Vol.3 Issue 3, pp.371-397

Belge Tipi:

Makale

Yayın Tarihi:

8/2014

Belge Dili:

Türkçe

Document ID (Org No.):

2000738072

Sıklık:

Üç Aylık

eISSN:

2146-7943

Özet:

 

As the 2008 banking disaster loomed banks increased their dividends and stock repurchase distributions to common shareholders dramatically. This unique time period provides a natural experimental setting to examine financial institutions' capital management strategies during periods of macroeconomic change. As the crisis loomed, we find that U.S. banks did not conserve cash but returned capital to investors at the same pace that they earned capital from operations. We also find that U.S. firms that accepted funds from the Capital Purchase Program (CPP) relative to nonCPP firms, returned a higher proportion of their available capital to shareholders in the periods leading up to the financial crisis.

Makale detayları

Capital Distributions in the Banking Industry

Yazarlar: Monica BANYİ | Susan PORTER | Susan WİLLİAMS

Yayıncı: PressAcademia

Dergi: Journal of Business Economics and Finance 2014 Vol.3 Issue 3, pp.371-397

Belge Tipi: Makale

Yayın Tarihi: 8/2014

Belge Dili: Türkçe

Document ID (Org No.): 2000738072

Sıklık: Üç Aylık

eISSN: 2146-7943

Sayı

Yazarlar:

Monica BANYİ | Susan PORTER | Susan WİLLİAMS

Yayıncı:

PressAcademia

Dergi:

Journal of Business Economics and Finance 2014 Vol.3 Issue 3, pp.371-397

Belge Tipi:

Makale

Yayın Tarihi:

8/2014

Belge Dili:

Türkçe

Document ID (Org No.):

2000738072

Sıklık:

Üç Aylık

eISSN:

2146-7943