Year: 2005
Type: preprint
Abstract: The savings banks? decision to distribute profits among their public owners\nis strongly regulated by law in order to guarantee their adequate funding via retained\nprofits. However, the legal scope is reluctantly exhausted. In this study we examine the\ndeterminants of the savings banks? payout decision in more detail. We find that\nbesides internal determinants also external factors regarding the savings bank?s public\nowner have strong explanatory power. The better the financial situation of the public\nowner, the less likely is the savings bank to distribute profits and to increase payouts,\nrespectively.
Authors: Volker Kleff, Martin Weber
Institution: University of Mannheim
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W1601910078