Public corporate governance of state-owned enterprises: Evidence from the Spanish banking industry

Marc Esteve Laporta; Mireia Gine Torrens; Vicenta Sierra Olivera; Tamyko Ysa Figueras

Public corporate governance of state-owned enterprises: Evidence from the Spanish banking industry

Marc Esteve Laporta, Mireia Gine Torrens, Vicenta Sierra Olivera, Tamyko Ysa Figueras

Esade

Research output: Conference paper › Contribution

Abstract

We examine the role of public corporate governance in the restructuring of the Spanish financial sector. State-owned savings banks or Cajas provide evidence of the conflict of interest in multilevel governance. We find that choice of the integration mechanism (merger, IPS or acquisition) can be explained by two drivers: geographical and political proximity.

Original language	English
Publication status	Published - 1 Apr 2011
Event	2nd Annual US-EU Dialogue Series (2011) - Duration: 1 Apr 2011 → 1 Apr 2011

Conference

Conference	2nd Annual US-EU Dialogue Series (2011)
Period	1/04/11 → 1/04/11

Cite this

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title = "Public corporate governance of state-owned enterprises: Evidence from the Spanish banking industry",

abstract = "We examine the role of public corporate governance in the restructuring of the Spanish financial sector. State-owned savings banks or Cajas provide evidence of the conflict of interest in multilevel governance. We find that choice of the integration mechanism (merger, IPS or acquisition) can be explained by two drivers: geographical and political proximity.",

author = "{Esteve Laporta}, Marc and {Gine Torrens}, Mireia and {Sierra Olivera}, Vicenta and {Ysa Figueras}, Tamyko",

year = "2011",

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day = "1",

language = "English",

note = "2nd Annual US-EU Dialogue Series (2011) ; Conference date: 01-04-2011 Through 01-04-2011",

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AU - Esteve Laporta, Marc

AU - Gine Torrens, Mireia

AU - Sierra Olivera, Vicenta

AU - Ysa Figueras, Tamyko

PY - 2011/4/1

Y1 - 2011/4/1

N2 - We examine the role of public corporate governance in the restructuring of the Spanish financial sector. State-owned savings banks or Cajas provide evidence of the conflict of interest in multilevel governance. We find that choice of the integration mechanism (merger, IPS or acquisition) can be explained by two drivers: geographical and political proximity.

AB - We examine the role of public corporate governance in the restructuring of the Spanish financial sector. State-owned savings banks or Cajas provide evidence of the conflict of interest in multilevel governance. We find that choice of the integration mechanism (merger, IPS or acquisition) can be explained by two drivers: geographical and political proximity.

M3 - Contribution

T2 - 2nd Annual US-EU Dialogue Series (2011)

Y2 - 1 April 2011 through 1 April 2011

ER -

Public corporate governance of state-owned enterprises: Evidence from the Spanish banking industry

Abstract

Conference

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Cite this