Politización y pericia financiera en las cajas de ahorros españolas

This study examines the politicization and financial knowledge-experience of the boards of directors of Spanish savings banks. To do this, we build a database with the biographic information of directors during the period 2004-2010. The results of the cluster analysis show the existence of four types of boards, depending on the politicization and the financial expertise of its members. Furthermore, we find that savings banks with higher financial expertise in their boards have higher levels of financial solvency.