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Participaciones industriales de la banca española: contexto, evolución y situación actual

Author

Listed:
  • María Sacristán Navarro

    (Universidad Rey Juan Carlos)

  • Laura Cabeza García

    (Universidad de León)

Abstract

This paper aims to analyze the role of financial institutions as shareholders of non financial listed firms. After revising the main characteristics of the two-types of financial systems (market and bank oriented) and presenting the theoretical framework of the benefits and costs of financial stockholdings, the paper describes the actual situation. Banks and savings institutions are active and qualified investors. They act more as significant shareholders than as main shareholders. Savings institutions, themselves or through their corporations have a more diversify portfolio. They invest in more non financial firms than banks. During 2006, banks have disinvested in several companies.

Suggested Citation

  • María Sacristán Navarro & Laura Cabeza García, 2008. "Participaciones industriales de la banca española: contexto, evolución y situación actual," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 68(02), pages 156-181.
    • Handle: RePEc:ekz:ekonoz:2008208
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    More about this item

    Keywords

    stockholdings; banks; savings institutions;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration

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