129838 20240112163658.0 doi 10.1002/nml.21205 sideral 95019 ART-2016-95019 eng Pina, V. Universidad de Zaragoza (orcid)0000-0002-9416-2224 Political Influence and the Performance of Nonprofit Spanish Banks 2016 This article presents empirical evidence about factors that influence the solvency of Spanish savings banks. It also studies whether the presence of politicians in their governance has led to lower solvency ratios and, consequently, to the current economic situation in the Spanish banking sector. We use multivariate regressions, taking the solvency ratio as the dependent variable; and efficiency, the coverage ratio, political influence, CEOs'' political influence, size, growth, and age as independent variables. Our results confirm that banking entities controlled by politicians resulted in poor performance, and political influence on the boards of savings banks led them to insolvency. The findings show that the non-ownership structure of savings banks, the lack of best practice corporate governance mechanisms, and political presence have weakened them. Access copy available to the general public Unrestricted info:eu-repo/grantAgreement/ES/DGA/S05 info:eu-repo/grantAgreement/ES/MICINN/ECO2015-66240-P info:eu-repo/grantAgreement/ES/UZ/UZ2014-SOC-05 info:eu-repo/semantics/openAccess All rights reserved http://www.europeana.eu/rights/rr-f/ 1.236 2016 PUBLIC ADMINISTRATION 26 / 46 = 0.565 2016 Q3 T2 MANAGEMENT 127 / 192 = 0.661 2016 Q3 T3 0.65 2016 Strategy and Management 2016 Q2 info:eu-repo/semantics/article info:eu-repo/semantics/acceptedVersion Torres, L. Universidad de Zaragoza (orcid)0000-0003-4623-1448 Bachiller, P. Universidad de Zaragoza (orcid)0000-0001-6661-1128 4002 230 Universidad de Zaragoza Dpto. Contabilidad y Finanzas Área Economía Finan. y Contab. 26, 4 (2016), 471–488 Nonprofit manag. leadersh Nonprofit Management and Leadership 1048-6682 289075 http://zaguan.unizar.es/record/129838/files/texto_completo.pdf Postprint 946473 http://zaguan.unizar.es/record/129838/files/texto_completo.jpg?subformat=icon icon Postprint oai:zaguan.unizar.es:129838 articulos driver 2024-01-12-14:07:18 ARTICLE