2026-06-10T09:09:06Zhttps://riubu.ubu.es/oai/requestoai:riubu.ubu.es:10259/86372024-05-13T09:39:59Zcom_10259_7380com_10259_5086com_10259_2604col_10259_7381
Repositorio Institucional de la Universidad de Burgos
author
Blanco Alcántara, David
author
Gallud Cano, Jorge
author
López Iturriaga, Félix Javier
author
López de Foronda Pérez, Óscar
2024-02-08T12:20:34Z
2024-02-08T12:20:34Z
2020-12
1076-9307
http://hdl.handle.net/10259/8637
10.1002/ijfe.2391
1099-1158
We analyse the trend among 79 banks from 20 European countries towardsscrip dividends. Whereas banks do not seem to smooth cash dividends, they dosmooth total dividends, which include both cash and scrip dividends. We alsofind that the new legal requirements (resulting from the Basel III Accord andother country-level laws) have different implications on cash and scrip divi-dends. Whereas the need for better and more capital imposed by these ruleshas led banks to cut cash dividends, there is a positive relationship betweenthe legal requirements on capital adequacy and scrip dividends.
eng
Capital stringency
Dividends
European banks
Basel accords
Payout
Scrip dividends
Shareholder protection
Have European banks maintained their payout policy during the crisis? The role of scrip dividends
info:eu-repo/semantics/article
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URL
https://riubu.ubu.es/bitstream/10259/8637/1/Blanco-ijfe_2020.pdf
File
MD5
61197db4c00a9c7966100f3de5187993
439905
application/pdf
Blanco-ijfe_2020.pdf