Dividend Policy of Global Systematically Important Banks (G-SIBs) and Its Effect on Financial Stability

The purpose of this thesis is to study the dividend policy of global systematically important banks in the United States and the countries of Eurozone and how the dividend payouts influence the financial stability. Identification of risks of dividend policy and a research for their reduction. The attractivness of banks for investors as well as the changes in interest rates towards US and EU shares during the recovery period after the crisi of 2008. What is the role of dividend policy in the stratigies of global systematically important banks and what is the influence it has on the financial stability in the post-crisis period. As well as revealin the dependence of dividend payments on all financial indicators – return on investmen, net interest margin and the ratio of bank assets to GDP. The model used and chosen for the thesis is – multiple linear regression and its dependent variable is the level of dividend payments. In addition to this a comaritive analysis was made of the change in precentage of dividend payments in the United States and the Eurozone area in the period from 2013 to 2017. Based on the results and conclusions of the work conducted, it was summarized that more indicators are needed to identify the importance of dividend policy, financial stability and interdependence in the global systematically important banks of the USA and countries of Eurozone