Digitum Colección:
http://hdl.handle.net/10201/73164
2024-03-28T15:47:53ZCost efficiency and financial situation of local governments in the Canary
Isles during the recession
http://hdl.handle.net/10201/73183
Título: Cost efficiency and financial situation of local governments in the Canary
Isles during the recession
Autor/es principal/es: Priora, Diego; Martín-Pinillos-Castellanos, Ignacio; Pérez-López, Gemma; Zafra-Gómez, José L.
Resumen: This paper examines cost efficiency in the Spanish municipal public sector, in a specific geographic area (the
Canary Isles, Spain), with respect to financial condition and different types of municipal debt. The study
focuses on municipalities dependent on tourism and on the consequences to them of the Great Recession,
doing so via a two-stage analysis. In the first, the order-m method is used to evaluate the cost efficiency of 77
Canary Isles municipalities, for the period 2008-12. In the second stage, we examine the effect produced on
cost efficiency by different types of borrowing (long term, short term, financial and commercial) together
with other financial, economic, political and quality variables, using the model developed by Simar and
Wilson (2007), based on a truncated bootstrap regression with panel data. Empirical analysis shows that
in times of crisis there is a significant relationship between the components of financial condition and
cost efficiency. Inconclusion, municipal cost efficiency increases with commercial debt, but decreases with
financial debt. Furthermore, certain socioeconomic variables affect the levels of cost efficiency; Este trabajo examina la eficiencia de costes para el caso particular del sector público municipal español,
concretamente, para el caso de los municipios canarios, poniendo especial énfasis en áreas relacionadas
con la condición financiera y diferentes tipologías de deuda, teniendo en cuenta las características propias
que estos municipios poseen, como un índice turístico elevado. En primer lugar, se utiliza el método de
orden m para evaluar la eficiencia de costes de 77 municipios de las Islas Canarias, para el período 2008-12.
En la segunda etapa, examinamos el efecto producido en la eficiencia de costes por diferentes tipologías
de endeudamiento (largo plazo, corto plazo, financiero y comercial) junto con otras variables financieras,
económicas, políticas y de calidad, utilizando el modelo desarrollado por Simar y Wilson (2007), basado
en una regresión truncada con datos de panel. Nuestro análisis empírico muestra que en tiempos de
crisis existe una relación significativa entre los componentes de la condición financiera y la eficiencia de
costes. En particular, concluye que mientras la eficiencia de los costes municipales aumenta con la deuda
comercial, disminuye con la deuda financiera. Además, mostramos que ciertas variables socioeconómicas
afectan los niveles de eficiencia de costes2019-01-01T00:00:00ZEstudio empírico del Tercer Sector en España: hacia una re-conceptualización
unificada
http://hdl.handle.net/10201/73182
Título: Estudio empírico del Tercer Sector en España: hacia una re-conceptualización
unificada
Autor/es principal/es: Corral-Lagea, Javier; Maguregui-Urionabarrenechea, Lorea; Elechiguerra-Arrizabalaga, Crisanta
Resumen: La definición y conceptualización del Tercer Sector forma parte de un tipo de literatura identificada por su
ambigüedad y disparidad terminológica. Las definiciones utilizadas para explicar cuál es el sector donde
se ubican las entidades privadas sin fines de lucro resultan insuficientes e imprecisas. Por ello, partiendo
de una revisión bibliográfica sistemática profunda, y atendiendo al enfoque anglosajón, en este trabajo
se propone incluir como características propias de estas entidades que el beneficio económico no se debe
utilizar como principal medida de su eficiencia y que las mismas deben prestar servicios y producir bienes
sin contraprestación o con una inferior al coste. Así, el objetivo que se persigue es, por un lado, evidenciar
la aceptación de dichas características; y por otro, evaluar la relación inferencial entre éstas y las variables
tipológicas forma jurídica, ámbito de actuación y volumen presupuestario. Finalmente, se presenta una
re-conceptualización unificada mediante una definición integral del Tercer Sector.; The definition and conceptualization of the Third Sector is part of a type of literature identified by its
ambiguity and terminological disparity. The definitions used to explain the sector in which private non-profit
entities are located are insufficient and imprecise. Therefore, starting from a deep systematic bibliographic
review, and taking into account the theoretical approach to the nonprofit sector originating in the AngloSaxon environment, this work proposes to include as characteristics of these entities that economic benefit
should not be used as the main measure of their efficiency and that they should provide services and produce
goods without consideration or with a lower cost. Thus, the objective is, on the one hand, to demonstrate
the acceptance of these characteristics and, on the other, to evaluate the inferential relationship between
them and the typological variables juridical form, scope of activity and budget level. Finally, the unified
re-conceptualization is presented through an integral definition of the Third Sector.2019-01-01T00:00:00ZAccountability Styles in State-Owned enterprises : The good, the bad, the
ugly ... And the pretty
http://hdl.handle.net/10201/73201
Título: Accountability Styles in State-Owned enterprises : The good, the bad, the
ugly ... And the pretty
Autor/es principal/es: Royoa, Sonia; Yetano, Ana; García-Lacalle, Javier
Resumen: Ensuring public access to the information that State-Owned Enterprises (SOEs) produce is necessary and
corporate websites should be used for this purpose. However, there is a lack of research analyzing the accountability of SOEs. This paper aims to identify different accountability patterns among SOEs by carrying
out an assessment of the e-disclosure levels of Spanish SOEs. For this purpose, a comprehensive website
content analysis of 91 SOEs owned by the Spanish central government was carried out. Each website was
analyzed for 60 items classified into 4 dimensions: 1) financial information, 2) information about objectives and strategies, 3) corporate governance and 4) usability. In order to identify different accountability
patterns among SOEs, cluster, multidimensional scaling and Pro-Fit analyses were carried out. Results
show that e-disclosure practices among Spanish SOEs are still in their infancy. Financial accountability
is the main focus of SOEs disclosures and most are silent about their policies, objectives and corporate
governance structures. The majority of them are still anchored in a narrow accountability style that only
considers shareholders as the key stakeholders and they are a long way from fulfilling the OECD recommendation that they should be as transparent as listed companies. Furthermore, results show that enforcement
of transparency-related legislation is scarce in Spain. Based on these findings, some recommendations to
improve e-disclosure practices among SOEs are suggested.2019-01-01T00:00:00ZAnalysis of the effects of changes in Spanish auditing regulation on auditquality and its differential effect depending on the type of auditor
http://hdl.handle.net/10201/73181
Título: Analysis of the effects of changes in Spanish auditing regulation on auditquality and its differential effect depending on the type of auditor
Autor/es principal/es: Cabal-García, Elena; De-Andrés-Suarez, Javier; Fernández-Méndez, Carlos
Resumen: The objective of this paper is to provide evidence on the effect of the reforms of the Spanish auditing
legislation, enacted in 2002, 2010 and 2015, on audit quality. More specifically, we study whether the
reforms had a differential effect depending on the type of auditor. To this end, the auditors were classified
according to their size. We analyzed the specific case of non-financial listed Spanish companies which are
considered as Public Interest Entities (PIEs). The main results indicate that none of the reforms caused an
improvement in financial reporting quality. This could mean that legal reforms per se are not sufficient to
achieve the intended objectives in countries with weak legal enforcement, as is the case of Spain. Because
of this, it may be necessary to implement mechanisms to encourage auditors to apply the new rules.; El objetivo de este trabajo es aportar evidencia sobre el efecto de las reformas de la legislación auditora
española, efectuadas en 2002, 2010 y 2015, sobre la calidad de la auditoría y, más concretamente, sobre
si las mismas tuvieron un efecto diferencial en función del tipo de auditor. Para ello, los auditores fueron
clasificados en función de su tamaño. Se analizó el caso concreto de las empresas españolas cotizadas
no financieras, colectivo que tiene la consideración de Entidades de Interés Público (EIP). Los resultados
principales indican que ninguna de las reformas causó mejoras en la calidad de la información financiera.
Esto podría significar que las reformas legales per se no son suficientes para lograr los objetivos previstos
en países con débil aplicación legal, como es el caso de España. Por ello, podría ser necesario implementar
mecanismos para alentar a los auditores a aplicar las nuevas reglas.2019-01-01T00:00:00Z