Publication Details
Journal: International Conference of Economics, Finance and Accounting Studies
Issue: Vol 26, No (2026)
Pages: 6-9
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Abstract

This paper examines the mechanism of dividend discipline within the system of bank corporate governance and evaluates its impact on investment efficiency. Dividend discipline is interpreted not as a tool for maximizing shareholder payouts, but as a managerial mechanism that constrains agency costs and shapes more rational investment behavior on the part of management.

Keywords
dividend discipline bank corporate governance dividend policy
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