Dividends and Bank Capital in the Financial Crisis of 2007-2009

By V. Acharya, Irvind Gujral, Nirupama Kulkarni, Hyun Song Shin. 2011

262 citations recorded by the source corpus.

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The Credit Crisis Around the Globe: Why Did Some Banks Perform Better? (2012, unknown): “The first measure is a regulatory capital ratio whereas the other is a ratio that capital markets focus on (see the arguments in Acharya, Gujral, and Shin (2009)).”
Fallacies, Irrelevant Facts, and Myths in the Discussion of Capital Regulation: Why Bank Equity is Not Expensive (2013, unknown): “From this perspective, the assessment cited by Acharya et al. (2010), which may well be a realistic description of how bankers would make this particular decision, appears as an instance of managers attempting to take on excessive risk at the expense of incumbent financiers, or of the taxpayers, and”
Increasing inequality, consumer credit and financial fragility in an agent based macroeconomic model (2016, background): “The authors show that these features arise endogenously as a result of a shift in bargaining powers over incomes.(2) Related to the shift of bargaining power and changes in income distribution, there are the macroeconomic consequences of a persistent deviation of wage growth from productivity growth”