Aspects of Payout Policy of German Savings Banks
JOURNAL ARTICLE
Cite JOURNAL ARTICLE
Style
Format
Aspects of Payout Policy of German Savings Banks
Credit and Capital Markets – Kredit und Kapital, Vol. 43 (2010), Iss. 1 : pp. 39–63
2 Citations (CrossRef)
Additional Information
Article Details
Author Details
Dr. Volker Kleff, Researcher, Ludwigstraße 12b, D-61348 Bad Homburg.
Prof. Dr. Dr. h. c. Martin Weber, Universität Mannheim, Lehrstuhl für ABWL, Finanzwirtschaft, insb. Bankbetriebslehre, D-68131 Mannheim.
Cited By
-
Regionales Clustering im Ausschüttungsverhalten von Sparkassen
Rathgeber, Andreas | Wallmeier, MartinZeitschrift für Betriebswirtschaft, Vol. 81 (2011), Iss. 12 P.1341
https://doi.org/10.1007/s11573-011-0523-2 [Citations: 1] -
The Payout Behaviour of German Savings Banks
Köhler, Matthias
Credit and Capital Markets – Kredit und Kapital, Vol. 51 (2018), Iss. 2 P.227
https://doi.org/10.3790/ccm.51.2.227 [Citations: 1]
Abstract
Aspects of Payout Policy of German Savings Banks
The German savings banks' distribution of profits among their public owners (i. e. municipalities and districts) requires that legal criteria are met ensuring the banks' adequate funding via retained profits. In line with the legal framework, our analysis of savings banks in four federal states confirms that profitability and portfolio risk are important determinants of the savings banks' payout decision. Heavily indebted municipalities and districts, however, might have a strong interest in the savings banks' payouts to mitigate their financial distress. In fact, we find that the payout decision is also influenced by the public owners' interest. (G21)