Resource title

Payout Policy and Owners? Interests: Evidence from German Savings Banks

Resource image

image for OpenScout resource :: Payout Policy and Owners? Interests: Evidence from German Savings Banks

Resource description

The savings banks? decision to distribute profits among their public owners is strongly regulated by law in order to guarantee their adequate funding via retained profits. However, the legal scope is reluctantly exhausted. In this study we examine the determinants of the savings banks? payout decision in more detail. We find that besides internal determinants also external factors regarding the savings bank?s public owner have strong explanatory power. The better the financial situation of the public owner, the less likely is the savings bank to distribute profits and to increase payouts, respectively.

Resource author

Volker Kleff, Martin Weber

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/24155

Resource license

Adapt according to the presented license agreement and reference the original author.