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¿Influye la obra social en la rentabilidad de las cajas de ahorros españolas? Un análisis de datos de panel

Author

Abstract
Considerando una muestra de Cajas de Ahorros españolas durante el periodo de tiempo 1992-2005, el objetivo de este trabajo es analizar los efectos de la inversión en obra social a partir de un modelo dinámico de datos de panel. Los resultados sugieren una influencia negativa y significativa sobre el nivel de rentabilidad, tanto económica como financiera. Además, es necesario considerar otros determinantes, tales como la edad o la estructura de capital, a la hora de explicar la rentabilidad de las cajas españolas.

Suggested Citation

  • Cabeza García, Laura & Martínez Campillo, Almudena & Marbella Sánchez, Federico, 2009. "¿Influye la obra social en la rentabilidad de las cajas de ahorros españolas? Un análisis de datos de panel," Working Papers "New Trends on Business Administration". Documentos de Trabajo "Nuevas Tendencias en Dirección de Empresas". 2009-01, Interuniversity Research Master and Doctorate Program (with a quality mention of ANECA) on "Business Economics", Universities of Valladolid, Burgos, Salamanca and León (Spain). Until 2008, Interuniversity Doctorate Program (with a quality mention of ANECA) “New trends in Business Administration”, Universities of Valladolid, Burgos, and Salamanca (Spain). Master en Investigación y Programa de Docto.
  • Handle: RePEc:ntd:wpaper:2009-01
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