129621 20240104102231.0 doi 10.1080/09540962.2020.1793496 sideral 118807 ART-2021-118807 eng Torres, Lourdes Universidad de Zaragoza (orcid)0000-0003-4623-1448 The relationship between politicization and the Spanish savings banks’ defaults 2021 The heavy politicization of the corporate governance of the Spanish savings banks is shown in this paper to be a key factor explaining a large number of defaults. The authors explain the effect of political influence on savings banks boards of directors and provide empirical evidence about the factors that led to both poor performance and failures. The authors found a negative association between the percentage of savings banks’ board members appointed by politicians and performance. The demise of savings banks was important in terms of the public sector finances because the Spanish government had to spend millions of euros to rescue the banking system, with consequent cuts in government spending in other areas. Access copy available to the general public Unrestricted info:eu-repo/grantAgreement/ES/DGA-FEDER/S56-17R info:eu-repo/grantAgreement/ES/MINECO-FEDER/PID2019-106857GB-I00 info:eu-repo/grantAgreement/ES/UZ/JIUZ-2018-SOC-01 info:eu-repo/grantAgreement/ES/UZ/UZ2019-SOC-05 info:eu-repo/semantics/openAccess by-nc-nd http://creativecommons.org/licenses/by-nc-nd/3.0/es/ 3.04 2021 PUBLIC ADMINISTRATION 19 / 49 = 0.388 2021 Q2 T2 0.647 2021 Accounting 2021 Q1 Sociology and Political Science 2021 Q1 Public Administration 2021 Q1 Finance 2021 Q1 3.2 2021 info:eu-repo/semantics/article info:eu-repo/semantics/acceptedVersion Pina, Vicente Universidad de Zaragoza (orcid)0000-0002-9416-2224 Bachiller, Patricia Universidad de Zaragoza (orcid)0000-0001-6661-1128 4002 230 Universidad de Zaragoza Dpto. Contabilidad y Finanzas Área Economía Finan. y Contab. 41, 8 (2021), 586-593 Public money manag. PUBLIC MONEY & MANAGEMENT 0954-0962 231343 http://zaguan.unizar.es/record/129621/files/texto_completo.pdf Postprint 1186951 http://zaguan.unizar.es/record/129621/files/texto_completo.jpg?subformat=icon icon Postprint oai:zaguan.unizar.es:129621 articulos driver 2024-01-04-09:06:17 ARTICLE