Dividend Policies in the Banking Industry and the Effectiveness of Shareholder Governance
| Project/Area Number |
17530246
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Public finance/Monetary economics
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| Research Institution | Yokohama City University |
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Principal Investigator |
SUI Quing-yuan Yokohama City University, International College of Arts and Sciences, Professor, 国際総合科学部, 教授 (80244408)
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| Project Period (FY) |
2005 – 2006
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| Project Status |
Completed (Fiscal Year 2006)
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| Budget Amount *help |
¥2,100,000 (Direct Cost: ¥2,100,000)
Fiscal Year 2006: ¥800,000 (Direct Cost: ¥800,000)
Fiscal Year 2005: ¥1,300,000 (Direct Cost: ¥1,300,000)
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| Keywords | dividend policy / credit explosion / nonperforming loan / bank management / レント / 不動産融資 / 銀行破綻 / モラルハザード / 健全性 |
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| Research Abstract |
We confirmed that banks had kept a stable dividend policy even in the period of the occurence and the burst of bubble. We also find the dividend payments in the banking industry are influenced by credit growth stronger than by profits. On the other hand, the correlation between dividend payments and credit growth are not as strong as that between employees' income and credit growth. It indicates shareholders are hardly the residual profit claimers. In the period of financial crisis, the growth rate of dividend payments positively correlated with the growth rate of nonperforming loan. These evidence suggests that the effectiveness of governmance power from shareholder to bank managements is limited.
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Report
(3 results)
Research Products
(8 results)
