Bank Dividend Policy and the European Debt Crisis: Is Sovereign Credit Risk of Relevance?

Research output: Contributions to collected editions/worksChapterResearchpeer-review

Standard

Bank Dividend Policy and the European Debt Crisis : Is Sovereign Credit Risk of Relevance? / Basse, Tobias; Bürkle, Thomas; Kunze, Frederik; Wegener, Christoph.

Handbook of Global Financial Markets: Transformations, Dependence, and Risk Spillovers. ed. / Sabri Boubaker; Duc Khuong Nguyen. World Scientific Publishing Co., 2019. p. 401-410.

Research output: Contributions to collected editions/worksChapterResearchpeer-review

Harvard

Basse, T, Bürkle, T, Kunze, F & Wegener, C 2019, Bank Dividend Policy and the European Debt Crisis: Is Sovereign Credit Risk of Relevance? in S Boubaker & DK Nguyen (eds), Handbook of Global Financial Markets: Transformations, Dependence, and Risk Spillovers. World Scientific Publishing Co., pp. 401-410. https://doi.org/10.1142/9789813236653_0016

APA

Basse, T., Bürkle, T., Kunze, F., & Wegener, C. (2019). Bank Dividend Policy and the European Debt Crisis: Is Sovereign Credit Risk of Relevance? In S. Boubaker, & D. K. Nguyen (Eds.), Handbook of Global Financial Markets: Transformations, Dependence, and Risk Spillovers (pp. 401-410). World Scientific Publishing Co.. https://doi.org/10.1142/9789813236653_0016

Vancouver

Basse T, Bürkle T, Kunze F, Wegener C. Bank Dividend Policy and the European Debt Crisis: Is Sovereign Credit Risk of Relevance? In Boubaker S, Nguyen DK, editors, Handbook of Global Financial Markets: Transformations, Dependence, and Risk Spillovers. World Scientific Publishing Co. 2019. p. 401-410 https://doi.org/10.1142/9789813236653_0016

Bibtex

@inbook{eef828ab4ed9439bbde59177c614039a,
title = "Bank Dividend Policy and the European Debt Crisis: Is Sovereign Credit Risk of Relevance?",
abstract = "This chapter examines the dividend policy of European banks. The empirical evidence presented here suggests that financial institutions in the Eurozone react to stress in international financial markets by reducing or omitting dividend payouts to strengthen their capital position. Additionally, a negative reaction of dividend payouts of European banks to an increase of the yield differential between German and Spanish bonds seems to exist. However, this response of dividends to sovereign credit risk in the Eurozone is not statistically significant. The financial crisis starting in 2007 does not seem to materially change the relationships among the variables examined here.",
keywords = "Economics",
author = "Tobias Basse and Thomas B{\"u}rkle and Frederik Kunze and Christoph Wegener",
year = "2019",
month = jul,
doi = "10.1142/9789813236653_0016",
language = "English",
isbn = "978-981-3236-64-6 ",
pages = "401--410",
editor = "Sabri Boubaker and Nguyen, {Duc Khuong}",
booktitle = "Handbook of Global Financial Markets",
publisher = "World Scientific Publishing Co.",
address = "United States",

}

RIS

TY - CHAP

T1 - Bank Dividend Policy and the European Debt Crisis

T2 - Is Sovereign Credit Risk of Relevance?

AU - Basse, Tobias

AU - Bürkle, Thomas

AU - Kunze, Frederik

AU - Wegener, Christoph

PY - 2019/7

Y1 - 2019/7

N2 - This chapter examines the dividend policy of European banks. The empirical evidence presented here suggests that financial institutions in the Eurozone react to stress in international financial markets by reducing or omitting dividend payouts to strengthen their capital position. Additionally, a negative reaction of dividend payouts of European banks to an increase of the yield differential between German and Spanish bonds seems to exist. However, this response of dividends to sovereign credit risk in the Eurozone is not statistically significant. The financial crisis starting in 2007 does not seem to materially change the relationships among the variables examined here.

AB - This chapter examines the dividend policy of European banks. The empirical evidence presented here suggests that financial institutions in the Eurozone react to stress in international financial markets by reducing or omitting dividend payouts to strengthen their capital position. Additionally, a negative reaction of dividend payouts of European banks to an increase of the yield differential between German and Spanish bonds seems to exist. However, this response of dividends to sovereign credit risk in the Eurozone is not statistically significant. The financial crisis starting in 2007 does not seem to materially change the relationships among the variables examined here.

KW - Economics

UR - http://www.scopus.com/inward/record.url?scp=85129427018&partnerID=8YFLogxK

U2 - 10.1142/9789813236653_0016

DO - 10.1142/9789813236653_0016

M3 - Chapter

AN - SCOPUS:85129427018

SN - 978-981-3236-64-6

SN - 978-981-3236-66-0

SP - 401

EP - 410

BT - Handbook of Global Financial Markets

A2 - Boubaker, Sabri

A2 - Nguyen, Duc Khuong

PB - World Scientific Publishing Co.

ER -