Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/261898 
Erscheinungsjahr: 
2021
Quellenangabe: 
[Journal:] BRQ Business Research Quarterly [ISSN:] 2340-9436 [Volume:] 24 [Issue:] 2 [Publisher:] Sage Publishing [Place:] London [Year:] 2021 [Pages:] 174-191
Verlag: 
Sage Publishing, London
Zusammenfassung: 
This study offers insight into the role of board politicization on the Spanish cajas' performance from a dual perspective. First, we analyze the effect of a new kind of political directors who occupy board seats as representatives of stakeholders outside the public administrations while maintaining a political affiliation. We call these "hidden" political directors as politicians in disguise. Second, we analyze how political interests can prevent directors with financial expertise from applying their knowledge to improve cajas' performance. Using a sample of hand-collected data from 45 Spanish cajas, we find that politicians in disguise destroy value in the caja and that politically motivated financial experts on the board do not benefit cajas' performance.
Schlagwörter: 
Board composition
cajas
financial experience
politicians
savings banks
JEL: 
G34
G21
G28
Persistent Identifier der Erstveröffentlichung: 
Creative-Commons-Lizenz: 
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Dokumentart: 
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