Ysa, T;
Giné, M;
Esteve, M;
Sierra, V;
(2012)
Public corporate governance of state-owned enterprises: evidence from the Spanish banking industry.
Public Money & Management
, 32
(4)
265 - 272.
10.1080/09540962.2012.691305.
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Abstract
This article provides a framework for public corporate governance combining two main components: traditional corporate governance (via governing bodies) and multi-level governance (via regulation). We provide evidence from the publiclyowned Spanish savings banks (‘cajas’), which have a conflict between their two main goals: operating efficiently and maximizing the reach of their welfare projects. The case may have lessons for policy-makers in the 80+ countries that have some government ownership of banks, and for managers muddling through public corporate governance.
| Type: | Article |
|---|---|
| Title: | Public corporate governance of state-owned enterprises: evidence from the Spanish banking industry |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1080/09540962.2012.691305 |
| Publisher version: | http://dx.doi.org/10.1080/09540962.2012.691305 |
| Language: | English |
| Additional information: | This is an Accepted Manuscript of an article published by Taylor & Francis in Public Money & Management on May 14 2012, available online: http://wwww.tandfonline.com/10.1080/09540962.2012.691305. |
| Keywords: | Banking crisis, corporate governance, multi-level governance, political influence, state-owned enterprises |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL SLASH UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Political Science |
| URI: | https://discovery.ucl.ac.uk/id/eprint/1462903 |
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