78725 20231215090948.0 doi 10.1108/MD-01-2017-0079 sideral 105374 ART-2018-105374 eng Bachiller, P. Universidad de Zaragoza (orcid)0000-0001-6661-1128 Corporate governance in Spanish savings banks and its relationship with financial and social performance 2018 Access copy available to the general public Unrestricted Purpose: 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. info:eu-repo/grantAgreement/ES/DGA-FEDER/S05 info:eu-repo/grantAgreement/ES/MINECO-FEDER/ECO2015-66240-P info:eu-repo/grantAgreement/ES/UZ/JIUZ-2017-SOC-11 info:eu-repo/semantics/openAccess All rights reserved http://www.europeana.eu/rights/rr-f/ 1.963 2018 MANAGEMENT 126 / 217 = 0.581 2018 Q3 T2 BUSINESS 85 / 147 = 0.578 2018 Q3 T2 0.731 2018 Management Science and Operations Research 2018 Q1 Business, Management and Accounting (miscellaneous) 2018 Q1 info:eu-repo/semantics/article info:eu-repo/semantics/acceptedVersion Garcia-Lacalle, J. Universidad de Zaragoza (orcid)0000-0002-4660-6089 4002 230 Universidad de Zaragoza Dpto. Contabilidad y Finanzas Área Economía Finan. y Contab. 56, 4 (2018), 828-848 MANAGEMENT DECISION MANAGEMENT DECISION 0025-1747 346227 http://zaguan.unizar.es/record/78725/files/texto_completo.pdf Postprint 71538 http://zaguan.unizar.es/record/78725/files/texto_completo.jpg?subformat=icon icon Postprint oai:zaguan.unizar.es:78725 articulos driver 2023-12-15-08:57:25 ARTICLE