Politización y pericia financiera en las cajas de ahorros españolas
2018
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.
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