Mostrar el registro sencillo del ítem

dc.contributor.authorAndrés, Pablo de
dc.contributor.authorGarcía Rodríguez, Íñigo 
dc.contributor.authorRomero Merino, María Elena 
dc.contributor.authorSantamaría Mariscal, Marcos 
dc.date.accessioned2023-02-28T11:18:08Z
dc.date.available2023-02-28T11:18:08Z
dc.date.issued2022-05
dc.identifier.issn0148-2963
dc.identifier.urihttp://hdl.handle.net/10259/7467
dc.description.abstractOur research focuses on the private benefits of politicians as board directors of Spanish savings banks (cajas). We use hand-collected data on the political affiliation and personal loans of 1,578 directors to investigate whether political directors used private benefits through excessive personal loans, loans granted to their political parties, or the institutions they represented. Our results show that a higher proportion of political directors on a board is associated with larger personal loans and with better terms than those granted to non-political directors. Furthermore, this higher proportion is also linked to larger loans granted to the public administrations that the political directors represented on the cajas’ governing board. Finally, we also find in-group favouritism based on the social identity theory and directors’ party identification. Therefore, political directors make greater use of private benefits when allocated to their political party and its members.en
dc.description.sponsorshipThis study was supported by the Spanish Ministry of Economy and Competitiveness (Grant ECO2017-85356), the UAM - Comunidad de Madrid Research Project for Young Researchers (SI3-PJI-2021-00276) and it benefited from the Professorship Excellence Program in accordance with the multi-year agreement signed by the Government of Madrid and the Autonomous University of Madrid (Line #3). The authors gratefully acknowledge the helpful suggestions received from the four anonymous reviewers and the Associate Editor, Constantinos N. Leonidou. The authors also thank the comments received from B. Arrunada, ˜ G. Natividad, A. Martín-Oliver, V. Salas-Fumas ´ and N. Suarez, ´ and the participants at the Wolpertinger Conference held in Santander and at the SANFI Workshop held in Palermo.en
dc.format.mimetypeapplication/pdf
dc.language.isoenges
dc.publisherElsevieren
dc.relation.ispartofJournal of Business Research. 2022, V. 144, p. 1272-1292en
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 Internacional*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectStakeholder theoryen
dc.subjectSpanish cajasen
dc.subjectPoliticiansen
dc.subjectPrivate benefitsen
dc.subjectPolitical party identificationen
dc.subjectSocial identity theoryen
dc.subject.otherEconomíaes
dc.subject.otherEconomicsen
dc.subject.otherPolítica económicaes
dc.subject.otherEconomic policyen
dc.titleStakeholder governance and private benefits: The case of politicians in Spanish cajasen
dc.typeinfo:eu-repo/semantics/articlees
dc.rights.accessRightsinfo:eu-repo/semantics/openAccesses
dc.relation.publisherversionhttps://doi.org/10.1016/j.jbusres.2022.01.096es
dc.identifier.doi10.1016/j.jbusres.2022.01.096
dc.relation.projectIDinfo:eu-repo/grantAgreement/AEI/Plan Estatal de Investigación Científica y Técnica y de Innovación 2013-2016/ECO2017-85356-P/ES/VALOR, ESTRATEGIA FINANCIERA Y GOBIERNO CORPORATIVO/es
dc.relation.projectIDinfo:eu-repo/grantAgreement/CAM//SI3-PJI-2021-00276/es
dc.journal.titleJournal of Business Researchen
dc.volume.number144es
dc.page.initial1272es
dc.page.final1292es
dc.type.hasVersioninfo:eu-repo/semantics/publishedVersiones


Ficheros en este ítem

Thumbnail

Este ítem aparece en la(s) siguiente(s) colección(ones)

Mostrar el registro sencillo del ítem