Risk tasking behaviour and ownership in the banking industry: the Spanish evidence

Teresa garcía Marco () and M. Dolores Robles-Fernández ()
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Teresa garcía Marco: Universidad Pública de Navarra, Departamento de Fundamentos del Análisis Económico II.
M. Dolores Robles-Fernández: Universidad Complutense de Madrid, Dpto. de Fundamentos y Análisis Económico II
Authors registered in the RePEc Author Service: M. Dolores Robles Fernandez

Documentos de Trabajo del ICAE from Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico

Abstract: This paper analyses the determinant of risk_taking in the Spanish financial intermediaries with special emphasis on the ownership structure and size of the different entities. On the one hand, the soecific legal configuration of Spanish Savings banks may lead them to differ from Commercial banks in their risk behaviour. In particular, they may make riskier investments. Nevertheless,other theories indicate that greater stockholder control in Commercial banks may induce them towards greater risk_taking in certain situations. In this paper we test these hypotheses with a dynamic pañel data model (1993_2000) for Spanish Commercial banks and Savings banks. We analyse whether differences in risk behaviour are related to different ownership structures or to other factors such as the size of the entity.

Keywords: Commercial banks; Savings banks; Corporate control; Ownership structure; Bank risk_taking (search for similar items in EconPapers)
JEL-codes: C33 G21 G32 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2005
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https://eprints.ucm.es/id/eprint/7898/1/0507.pdf (application/pdf)

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Journal Article: Risk-taking behaviour and ownership in the banking industry: The Spanish evidence (2008)
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