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Aspects of Payout Policy of German Savings Banks

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Kleff, V., Weber, M. Aspects of Payout Policy of German Savings Banks. Credit and Capital Markets – Kredit und Kapital, 43(1), 39-63. https://doi.org/10.3790/kuk.43.1.39
Kleff, Volker and Weber, Martin "Aspects of Payout Policy of German Savings Banks" Credit and Capital Markets – Kredit und Kapital 43.1, 2010, 39-63. https://doi.org/10.3790/kuk.43.1.39
Kleff, Volker/Weber, Martin (2010): Aspects of Payout Policy of German Savings Banks, in: Credit and Capital Markets – Kredit und Kapital, vol. 43, iss. 1, 39-63, [online] https://doi.org/10.3790/kuk.43.1.39

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Aspects of Payout Policy of German Savings Banks

Kleff, Volker | Weber, Martin

Credit and Capital Markets – Kredit und Kapital, Vol. 43 (2010), Iss. 1 : pp. 39–63

2 Citations (CrossRef)

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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.

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  2. 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: 0]

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)