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

Arbeitspapier

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.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: ZEW Discussion Papers ; No. 05-59

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Banks; Depository Institutions; Micro Finance Institutions; Mortgages
• Thema: Savings Banks ; Germany ; Payout Policy ; Sparkasse ; Dividende ; Eigentümerstruktur ; Schätzung ; Öffentliche Kapitalbeteiligung ; Deutschland

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Kleff, Volker ; Weber, Martin
• Ereignis: Veröffentlichung
• (wer): Zentrum für Europäische Wirtschaftsforschung (ZEW)
• (wo): Mannheim
• (wann): 2005

Weitere Informationen

• Handle: http://hdl.handle.net/10419/24155
• Letzte Aktualisierung: 10.03.2025, 11:46 MEZ