Productividad, competencia e innovación en la banca privada española (1900-1914)

This study investigates the productivity differences and its sourcesacross a set of banks during the last years of the liberal era of theSpanish banking system (1900-1914). These years were characterised bymajor qualitative and quantitative changes in the banking industry includinga sharp increase in the size of the system, in the number of firms, andin its regional distribution. Employing DEA productivity analysis andthe Malmquist index, we discover that these changes were accompanied bya generalised increase in the efficiency of least productive banks. Also,we observe that the crisis of some regional banking groups, like theCatalan, can be linked with its low productivity levels. In consequence,in the light of our productivity evidence, we conclude that the increasein competition was beneficial for the system because helped to the successof the most efficient banks.

Budjetti vuodelle 1937, 13 Pl XIV luku

Puhe

One hundred issues of Revista Española de Financiación y Contabilidad (REFC)-insights into trends in the Spanish academic community

From the year of its foundation, until the foundation of Revista deContabilidad in 1997, REFC has been the only referred accounting journalin Spain. Published by the Spanish Association for Accounting and BusinessAdministration (AECA), this journal is at the heart of the emergence ofa distinctly Spanish academic accounting community.Our study is based on:1. An analysis of 100 issues of REFC covering the period from 1985 to 1999.2. A questionnaire to Spanish accounting academics on their perceptionsand experience of the journal.Key points emerging from this study include:a) A move away from interest in accounting concepts and rules, as wellas accounting history, and towards positive accounting theory, the impactof accounting information on capital markets, and financial analysis.b) The emergence of a small number of universities as the driving forcein Spanish accounting research.c) Spanish academics rate REFC highly compared to other Spanish journalsfor publication status, as a support for research, and as a support forteaching. A number of English language journals are rated more highly forboth publication status and as a support for teaching.

Budjetti vuodelle 1937, 10 Pl XIV luku

Puhe