Hostname: page-component-cd9895bd7-dzt6s Total loading time: 0 Render date: 2024-12-26T19:33:21.411Z Has data issue: false hasContentIssue false
  • English
  • Français

Dividend Disbursal Practices in Commercial Banking

Published online by Cambridge University Press:  19 October 2009

Manak C. Gupta  and
David A. Walker
Get access Rights & Permissions [Opens in a new window]

Extract

In the process of managing a financial institution there are decisions that require special considerations beyond those in other firms. In this paper dividend disbursal practices in the banking firms will be analyzed. The central issue is what part of profits should be distributed and what part should be retained within firms as an addition to the banks' net worth.

Type
Research Article
Information
Journal of Financial and Quantitative Analysis , Volume 10 , Issue 3 , September 1975 , pp. 515 - 529
Copyright
Copyright © School of Business Administration, University of Washington 1975

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

REFERENCES

[1]Baumol, W. J.; Heim, P.; Malkiel, B. G.; and Quandt, R. E.. “Earnings Retention, New Capital and the Growth of the Firm.” Review of Economics and Statistics, 1970, ps. 345–355.CrossRefGoogle Scholar
[2]Brennan, M. “A Note on Dividend Irrelevance and the Gordon Valuation Model.” Journal of Finance, 1971, ps. 1115–1121.Google Scholar
[3]Brigham, E. F., and Gordon, M. J.. “Leverage, Dividend Policy, and the Cost of Capital.” Journal of Finance, 1968, ps. 85–104.CrossRefGoogle Scholar
[4]Brittain, J. A.Corporate Dividend Policy. Washington, D.C.: The Brookings Institution, 1966.Google Scholar
[5]Christ, C. F.Econometric Models and Methods. New York, N.Y.: John Wiley and Sons, Inc., 1967.Google Scholar
[6]Cohen, K. J., and Hammer, F. S.. Analytical Methods in Banking. Homewood, Ill.: Richard D. Irwin, Inc., 1966.Google Scholar
[7]Crosse, H. D.Management Policies for Commercial Banks. Englewood Cliffs, N.J.: Prentice-Hall, Inc., 1962.Google Scholar
[8]Darling, P. G. “The Influence of Expectations and Liquidity on Dividend Policy.” Journal of Political Economy, 1957, ps. 209–224.CrossRefGoogle Scholar
[9]Dhrymes, P. J., and Kurz, M.. “On the Dividend Policy of Electric Utilities.” Review of Economics and Statistics, 1964, ps. 76–81.CrossRefGoogle Scholar
[10]Durand, D. “The Cost of Capital, Corporation Finance, and the Theory of Investment: Comment.” The American Economic Review, 1959, ps. 639–654.Google Scholar
[11]Fama, E. F., and Babiak, H.. “Dividend Policy: An Empirical Analysis.” Journal of the American Statistical Association, 1968, ps. 1132–1161.CrossRefGoogle Scholar
[12]Fox, K. A.Intermediate Economic Statistics. New York, N.J.: John Wiley and Sons, Inc., 1968.Google Scholar
[13]Gordon, M. J.The Investment Financing and Valuation of a Corporation. Homewood, Ill.: Richard D. Irwin, Inc., 1962.Google Scholar
[14]Hakansson, N. H. “On the Dividend Capitalization Model under Uncertainty.” Journal of Financial and Quantitative Analysis, 1969, ps. 65–87.CrossRefGoogle Scholar
[15]Higgins, R. C. “The Corporate Dividend-Saving Decision.” Journal of Financial and Quantitative Analysis, 1972, ps. 1527–1541.CrossRefGoogle Scholar
[16]Higgins, R. C. “Dividend Policy and Increasing Discount Rates: A Clarification.” Journal of Financial and Quantitative Analysis, 1972, ps. 1757–1762.CrossRefGoogle Scholar
[17]Krainer, R. E. “A Pedagogic Note on Dividend Policy.” Journal of Financial and Quantitative Analysis, 1971, ps. 1147–1154.CrossRefGoogle Scholar
[18]Lintner, J. “Optimal Dividends and Corporate Growth under Uncertainty.” Quarterly Journal of Economics, 1964, ps. 49–95.CrossRefGoogle Scholar
[19]Lintner, J. “Distribution of Income of Corporations among Dividends, Retained Earnings, and Taxes.” American Economic Review, 1956, pps. 97–113.Google Scholar
[20]Lintner, J. “Dividends, Earnings, Leverage, Stock Prices and the Supply of Capital to Corporations.” Review of Economics and Statistics, 1962, ps. 243–269.CrossRefGoogle Scholar
[21]Magen, S. D. “Cost of Capital and Dividend Policies in Commercial Banks.” Journal of Financial and Quantitative Analysis, 1971, pps. 733–746.CrossRefGoogle Scholar
[22]Miller, M. H., and Modigliani, F.. “Some Estimates of the Cost of Capital to the Electric Utility Industry.” American Economic Review, 1966, ps. 333–391.Google Scholar
[23]Miller, M. H., “Dividend Policy, Growth, and the Valuation of Shares.” The Journal of Business, 1961, ps. 411–433.CrossRefGoogle Scholar
[24]Miller, M. H., “The Cost of Capital, Corporation Finance and the Theory of Investment.” The American Economic Review, 1958, ps. 261–297.Google Scholar
[25]Peltzman, S. “Capital Investment in Commercial Banking and Its Relationship to Portfolio Regulation.” The Journal of Political Economy, 1970, ps. 1–26.CrossRefGoogle Scholar
[26]Van Home, J. C., and McDonald, J. G.. “Dividend Policy and New Equity Financing.” Journal of Finance, 1971, ps. 507–519.CrossRefGoogle Scholar
[27]Walter, J. E.Dividend Policy and Enterprise Evaluation. Belmont, Calif.: Wadsworth Publishing Company, Inc., 1967.Google Scholar
[28]Weston, J. F. “A Cost of Capital Propositions.” Southern Economic Journal, 1963, ps. 105–112.CrossRefGoogle Scholar