000078725 001__ 78725
000078725 005__ 20231215090948.0
000078725 0247_ $$2doi$$a10.1108/MD-01-2017-0079
000078725 0248_ $$2sideral$$a105374
000078725 037__ $$aART-2018-105374
000078725 041__ $$aeng
000078725 100__ $$0(orcid)0000-0001-6661-1128$$aBachiller, P.$$uUniversidad de Zaragoza
000078725 245__ $$aCorporate governance in Spanish savings banks and its relationship with financial and social performance
000078725 260__ $$c2018
000078725 5060_ $$aAccess copy available to the general public$$fUnrestricted
000078725 5203_ $$aPurpose: The purpose of this paper is to present empirical evidence about relationships between the corporate governance (CG) mechanisms of the Spanish savings banks, their financial and social performance and their profitability prior to their collapse.
Design/methodology/approach: The authors use a structural equation model (SEM), taking the return on assets as the dependent variable, and CG, corporate social responsibility and efficiency as explanatory constructs. SEM methodology provides interesting features that allows a better definition of some organisational characteristics.
Findings: Results indicate that CG characteristics, including the politicisation of governance bodies, did not affect the financial performance. The size of the board of directors had a significant influence on social responsibility. In addition, results suggest that the whole board focused on social issues, whereas non-executive members were less concerned about economic issues. Greater money allocation to social welfare programmes resulted in higher profitability, which can be explained by competitive advantages, reputation and customer satisfaction.
Social implications: Nowadays, some political parties demand either for the creation of a public banking sector or banks with social goals. This paper provides interesting insights into the debate.
Originality/value: The influence of personal attributes of board members on performance needs to be analysed in greater depth in the non-profit sector. The SEM methodology allows us to include some board attributes and performance dimensions in a better way than with other methodologies.
000078725 536__ $$9info:eu-repo/grantAgreement/ES/DGA-FEDER/S05$$9info:eu-repo/grantAgreement/ES/MINECO-FEDER/ECO2015-66240-P$$9info:eu-repo/grantAgreement/ES/UZ/JIUZ-2017-SOC-11
000078725 540__ $$9info:eu-repo/semantics/openAccess$$aAll rights reserved$$uhttp://www.europeana.eu/rights/rr-f/
000078725 590__ $$a1.963$$b2018
000078725 591__ $$aMANAGEMENT$$b126 / 217 = 0.581$$c2018$$dQ3$$eT2
000078725 591__ $$aBUSINESS$$b85 / 147 = 0.578$$c2018$$dQ3$$eT2
000078725 592__ $$a0.731$$b2018
000078725 593__ $$aManagement Science and Operations Research$$c2018$$dQ1
000078725 593__ $$aBusiness, Management and Accounting (miscellaneous)$$c2018$$dQ1
000078725 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/acceptedVersion
000078725 700__ $$0(orcid)0000-0002-4660-6089$$aGarcia-Lacalle, J.$$uUniversidad de Zaragoza
000078725 7102_ $$14002$$2230$$aUniversidad de Zaragoza$$bDpto. Contabilidad y Finanzas$$cÁrea Economía Finan. y Contab.
000078725 773__ $$g56, 4 (2018), 828-848$$pMANAGEMENT DECISION$$tMANAGEMENT DECISION$$x0025-1747
000078725 8564_ $$s346227$$uhttps://zaguan.unizar.es/record/78725/files/texto_completo.pdf$$yPostprint
000078725 8564_ $$s71538$$uhttps://zaguan.unizar.es/record/78725/files/texto_completo.jpg?subformat=icon$$xicon$$yPostprint
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000078725 951__ $$a2023-12-15-08:57:25
000078725 980__ $$aARTICLE