Listar COFIN_Articles por título
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Countercyclical prudential buffers and bank risk-taking
Elsevier (2022-01-31)We investigate the effects of countercyclical prudential buffers on bank risk-taking. We exploit the introduction of dynamic loan loss provisioning in Spain, mandating that banks use historical average loss rates in their ... -
Credit Quality and Substitution in SME Finance
World Scientific Publishing (2021-09-02)We investigate whether and how SMEs’ credit quality influences their substitution of bank credit for trade credit. Using data from the five largest European countries, we find that substitution of bank credit for trade ... -
Cultural environments and the appointment of female directors on boards: An analysis from a global perspective
Wiley (2020)Hofstede's six cultural dimensions (power distance, individualism, masculinity, uncertainty avoidance, long‐term orientation and indulgence) has received little attention concerning the presence of female directors on ...
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Decentralization and efficiency of local government
Springer-Verlag (2010)This study analyzes the links between efficiency and the decentralization of power in Spanish local governments for the years 1995 and 2000. To this end, we carried out a two-stage activity analysis in which the performance ...
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Determinants of pension plan fees in Spain
Taylor & Francis (2009)Pension plans and funds represent a substantial part of the welfare systems in both Europe and Spain. One of the most important factors in the choice of a plan or fund is the performance it obtains. In view of the influence ...
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Devolution dynamics of Spanish local government
Pion (2010)Over the last few years, there has been a devolutionary tendency in many devel- oped and developing countries. In this article we propose a methodology to decompose whether the benefits in terms of efficiency derived from ...
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Disentangling permanent and transitory monetary shocks with a nonlinear Taylor rule
De Gruyter (2021)This article provides an estimation method to decompose monetary policy innovations into persistent and transitory components using the nonlinear Taylor rule proposed in Andolfatto, Hendry, and Moran (2008) [Are inflation ...
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Dissecting interbank risk using basis swap spreads
Wiley (2019)This paper analyses interbank risk using the information content of basis swap (BS) spreads, floating‐to‐floating interest rate swaps whose payments are associated with euro deposit rates for alternative tenors. To identify ...
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Do board characteristics drive firm performance? An international perspective
Springer Berlin Heidelberg (2019-02)The aim of our research is to analyze how board characteristics influence firm performance. In this paper, we specifically examine how board size, board independence, CEO duality, female directors and board compensation ...
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Do investors in Spain react to news on sustainability and corporate social responsibility?
Inderscience Enterprises (2009)We analyse whether sustainability and corporate social responsibility-related news affects returns of stocks traded on the Spanish stock market. We used event methodology and an approach consistent with the active management ...
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Does active management add value? New evidence from a quantile regression approach
Taylor & Francis (2019-06)While it has long been recognised that active management is an important issue in the area of mutual fund performance, little consensus has been reached about the value managers’ abilities can add. This study examines ...
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Does Perceived Corruption Converge? International Evidence
De Gruyter (2022-03-17)This article analyses the evolution over time of perceived corruption for a large set of countries worldwide. To proxy corruption, we use the recently proposed Bayesian Corruption Index (Standaert, S. (2015). Divining the ...
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Does stakeholder engagement encourage environmental reporting? The mediating role of firm performance
John Wiley and Sons (2020-06)Stakeholder engagement policies have become a relevant strategy in firms because they may signal to stakeholders the commitment of the firm to the stakeholder's needs and demands. In this research, we aim to examine whether ...
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Donor Reaction to Non-Financial Information Covering Social Projects in Nonprofits: A Spanish Case
MDPI (2020)The notion of accountability in nonprofits suggests that these organisations should disclose financial and non-financial practices following a holistic model. In practice, the interest of both managers and researchers has ...
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Earnings management of target firms and deal premiums: The role of industry relatedness
Elsevier (2022-03)This paper contributes to the merger and acquisitions (M&A) literature by providing evidence for the role of industry relatedness in the association between target firms' earnings management (EM) before the deal and the ...
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Effects of Gender and Performance: the Spanish Firms and the Economy for the Common Good
IBIMA Publishing, LLC. (2021-04-15)Firm performance has traditionally been evaluated on the basis of financial results; if a company achieved a profit or managed to increase profit levels, this was believed to indicate that it was doing well. However, it ...
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La eficiencia de los municipios españoles durante el período de crisis
Asociación Española de Contabilidad y Administración de Empresas (2016)En este trabajo se analiza la eficiencia en costes de los gobiernos locales españoles durante el período de la crisis económica (2008-2012). Los resultados indican una mejora general de la eficiencia a lo largo del ...
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El enfoque de sostenibiliad en los planes de salud de las comunidades autónomas: el desarrollo sostenible como oportunidad
Elsevier (2016-05)Objective To determine the degree to which the health plans of the autonomous communities focus on the usual three dimensions of sustainability: economic, social and environmental, both in the general level of discourse ...
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Engagement of directors representing institutional investors on environmental disclosure
John Wiley and Sons (2018)This paper aims to examine the role performed by representatives of institutional investors in environmental reporting in Spain, where the presence of this type of director is the highest among European countries. Additionally, ...
