TARP’s deadbeat banks

TARP’s deadbeat banks This paper tests whether poorly capitalized banks with troubled loan books are more likely to miss their bailout dividends. Privately held banks with weaker core capital ratios, more charged off loans, more allowances for loan losses, and more non-performing loans are more likely to miss their Troubled Asset Relief Program (TARP) dividends. Banks that issue non-cumulative preferred stock are also more likely to be TARP deadbeats. In addition, banks that missed a bailout dividend in the prior quarter are significantly more likely to miss the next bailout dividend. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Quantitative Finance and Accounting Springer Journals

TARP’s deadbeat banks

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Publisher
Springer US
Copyright
Copyright © 2013 by Springer Science+Business Media New York
Subject
Economics / Management Science; Finance/Investment/Banking; Accounting/Auditing; Econometrics; Operations Research/Decision Theory
ISSN
0924-865X
eISSN
1573-7179
D.O.I.
10.1007/s11156-012-0327-7
Publisher site
See Article on Publisher Site

References

  • Assessing TARP
    Bayazitova, D; Shivdasani, A
  • Self-fulfilling credit market freezes
    Bebchuk, L; Goldstein, I
  • Debt and equity characteristics of mandatorily redeemable preferred stock
    Chan, KC; Seow, GS

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