Dividend Policies in the Banking Industry and the Effectiveness of Shareholder Governance

银行业股利政策与股东治理有效性

• 批准号: 17530246
• 负责人: SUI Quing-yuan
• 金额: $ 1.34万
• 依托单位: Yokohama City University
• 依托单位国家: 日本
• 项目类别: Grant-in-Aid for Scientific Research (C)
• 财政年份: 2005
• 资助国家: 日本
• 起止时间: 2005 至 2006
• 项目状态: 已结题
• 来源: https://kaken.nii.ac.jp/en/grant/KAKENHI-PROJECT-17530246/
• 关键词: dividend policy; credit explosion; nonperforming loan; bank management; レント; 不動産融資; 銀行破綻; モラルハザード; 健全性

We confirmed that banks had kept a stable dividend policy even in the period of the occurence and the burst of bubble. We also find the dividend payments in the banking industry are influenced by credit growth stronger than by profits. On the other hand, the correlation between dividend payments and credit growth are not as strong as that between employees' income and credit growth. It indicates shareholders are hardly the residual profit claimers. In the period of financial crisis, the growth rate of dividend payments positively correlated with the growth rate of nonperforming loan. These evidence suggests that the effectiveness of governmance power from shareholder to bank managements is limited.

我们确认，即使在泡沫发生和破裂期间，银行也保持了稳定的股息政策。我们还发现，银行业股息支付受信贷增长的影响强于利润。另一方面，股息支付与信贷增长之间的相关性不如员工收入与信贷增长之间的相关性那么强。这表明股东很难成为剩余利润的索取者。金融危机时期，股息支付增速与不良贷款增速呈正相关。这些证据表明，从股东到银行管理层的治理权力的有效性是有限的。

项目成果

Japanese bank's monitoring activities and the performance of borrower firms : 1981-1996

日本银行的监控活动和借款公司的表现：1981-1996

• 发表时间: 2005
• 期刊: International Economics and Economic Policy 2
• 作者: Horiuchi;Akiyoshi;山谷 修作;山谷 修作;堀内 昭義;隋 清遠;山谷 修作;堀内昭義;山谷 修作;堀内昭義;山谷 修作;隋 清遠
• 通讯作者: 隋 清遠

金融改革の課題とその将来像(寺西重郎編・福田慎一等編)

金融改革的挑战及其未来愿景（寺西繁夫、福田新一编）

• 发表时间: 2007
• 作者: Sui;Qing-yuan;et al.;随清遠;随清遠
• 通讯作者: 随清遠

供給サイドからの中小企業貸出分析

中小企业贷款供给侧分析

• 发表时间: 2007
• 期刊: 信金中金月報 6-1
• 作者: Sumio;HIROSE;随清遠
• 通讯作者: 随清遠

中国の金融システムの形成とその推移(寺西重郎編・福田慎一等編)

中国金融体系的形成及其变迁（寺西十郎、福田新一主编）

• 发表时间: 2007
• 作者: Sui;Qing-yuan;et al.;随清遠
• 通讯作者: 随清遠

An Analysis of Loans to Small- and Medium-size Enterprises from the Supply Side

从供给侧分析中小企业贷款

• 发表时间: 2007
• 期刊: Monthly Buttletin of Shinkin Chukin vol.6-1