Participaciones industriales de la banca españolacontexto, evolución y situación actual
- Sacristán Navarro, María Asunción
- Cabeza García, Laura
ISSN: 0213-3865
Year of publication: 2008
Issue Title: Grupos empresariales. Nuevos agentes económicos de decisión.
Issue: 68
Pages: 156-181
Type: Article
More publications in: Ekonomiaz: Revista vasca de economía
Abstract
This paper aims to analyze the role of financial institutions as shareholders of non financial listed firms. After revising the main characteristics of the two-types of financial systems (market and bank oriented) and presenting the theoretical framework of the benefits and costs of financial stockholdings, the paper describes the actual situation. Banks and savings institutions are active and qualified investors. They act more as significant shareholders than as main shareholders. Savings institutions, themselves or through their corporations have a more diversify portfolio. They invest in more non financial firms than banks. During 2006, banks have disinvested in several companies.