170152 20260407115447.0 sideral 100507 ART-2017-100507 eng Pina, Vicente Universidad de Zaragoza (orcid)0000-0002-9416-2224 Mergers between savings banks. The solution for improving risk in the Spanish banking sector? 2017 The objective of this paper is to study the changes in the performance of savings banks and the factors that influence the risk of these entities. The paper presents empirical evidence about the effect of mergers of savings banks, not only on performance but also on risk in the Spanish banking sector. First, in order to study the effectiveness of mergers we compare the economic-financial characteristics of savings banks before and after merging by carrying out the Mann-Whitney and Wilcoxon two-sample paired signed rank tests. Second, we carry out a multivariate regression to study risk determinants. Our findings indicate that the performance of savings banks has not improved from 2009 to 2012. Moreover, the size of the merged entity is directly related to the risk of the resulting entity, which denotes that mergers are not effective in obtaining a less risky banking sector. Access copy available to the general public Unrestricted info:eu-repo/grantAgreement/ES/DGA/S05 info:eu-repo/grantAgreement/ES/MINECO-FEDER/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/ info:eu-repo/semantics/article info:eu-repo/semantics/acceptedVersion Torres, Lourdes Universidad de Zaragoza (orcid)0000-0003-4623-1448 Bachiller, Patricia Universidad de Zaragoza (orcid)0000-0001-6661-1128 4002 230 Universidad de Zaragoza Dpto. Contabilidad y Finanzas Área Economía Finan. y Contab. 15, 1 (2017), 63-84 International Review of Entrepreneurship 2009-2822 https://www.senatehall.com/entrepreneurship?article=560 Texto completo de la revista 265556 http://zaguan.unizar.es/record/170152/files/texto_completo.pdf Postprint 1114637 http://zaguan.unizar.es/record/170152/files/texto_completo.jpg?subformat=icon icon Postprint oai:zaguan.unizar.es:170152 articulos driver 2026-03-26-14:30:34 ARTICLE