Searching for greater inter efficiency has been used as a reason to modify the Spanish banking system since 2009. This paper aims to contribute to quantify the magnitude of efficiency, but not only the economic one, but also social and overall efficiency from 2000 to 2011. The case of Spain -compared to other banking systems-provides unique information regarding the stakeholder governance banking literature because over the last century savings banks have become rooted in the Spanish culture. The results -confirmed by a two-stage frontiers analysis, a DEA and a model combined with bootstrapped tests-indicate that Spanish savings banks are not less efficient globally than banks and are more efficient socially. Moreover, our results-with potentially important implications-encourage the participation of stakeholders in banking systems and underline the importance of attaining long-term efficiency gains to support financial stability objectives. JEL classification: D21; G21; M14

Public procurement has recently taken into account social and sustainable factors, increasing academic literature in this field. The aim of this paper is to map the intellectual structure of social and sustainable public procurement research by means of delimiting the scientific domain’s research traditions, its disciplinary composition, and influential research topics. Given that there is a literature gap in bibliometric studies applied to this field, we conducted a co-citation analysis to identify the intellectual structure of this area of knowledge. Co-citation analyses identify networks of interconnections and, consequently, detect the most (and the least) active research areas, being a good complement to traditional literature reviews. This article contributes to science development because it is the first paper to carry out a bibliometric analysis in the field of social and sustainable public procurement, as well as the first one to conduct a co-citation analysis among public procurement research. Consequently, it is also the first article to detect which papers have become burst in this research field. The results show twelve different clusters of publications that were cited by researchers who wrote papers on social and sustainable public procurement. In other words, the sources of knowledge that scholars used as references are analysed, identifying papers that can be considered turning points, as well as those that became specially cited over a discrete period of time. Six different research trends were identified over the last decade in regard to social and sustainable public procurement research. The conclusions highlight the relevance of the findings, especially because they provide guidance to researchers when conducting literature reviews, given that the most significant journals and papers are identified.

We used a large sample of 188,652 properties, which represented 4.88% of the total housing stock in Catalonia from 1994 to 2013, to make a comparison between different real estate valuation methods based on artificial neural networks (ANNs), quantile regressions (QRs) and semi-log regressions (SLRs). A literature gap in regard to the comparison between ANN and QR modelling of hedonic prices in housing was identified, with this article being the first paper to include this comparison. Therefore, this study aimed to answer (1) whether QR valuation modelling of hedonic prices in the housing market is an alternative to ANNs, (2) whether it is confirmed that ANNs produce better results than SLRs when assessing housing in Catalonia, and (3) which of the three mass appraisal models should be used by Spanish banks to assess real estate. The results suggested that the ANNs and SLRs obtained similar and better performances than the QRs and that the SLRs performed better when the datasets were smaller. Therefore, (1) QRs were not found to be an alternative to ANNs, (2) it could not be confirmed whether ANNs performed better than SLRs when assessing properties in Catalonia and (3) whereas small and medium banks should use SLRs, large banks should use either SLRs or ANNs in real estate mass appraisal.

The aim of this article is to map the intellectual structure of scholarship on economic and social value in the sport industry. Given that bibliometric techniques are specially appropriate for identifying the intellectual structures of a field of knowledge and complement traditional literature reviews, a co-citation bibliometric analysis has been applied. This kind of analysis identifies networks of interconnections. Therefore, we aim to detect both the most and the least active research areas in this field, as well as their sub-disciplinary composition. There is an abundance of literature on sport efficiency and economic efficiency in the sport industry, our main conclusion is the identification of a literature gap in regard to social value in sport organisations, which is expected to be a research opportunity for scholars. This is in line with the lack of standardisation in the measurement for social value in sport organisations. In fact, similar to analysis undertaken in the past few decades of other industries with contributions to stakeholders and the multi-fiduciary theory of stakeholders, both the creation of social value indicators for sport entities and the empirical analysis of social efficiency in sport institutions, are identified and outlined as future areas of research. Therefore, this bibliometric analysis will contribute to determine the future challenges that this area of research will face in the following years so as to fill the literature gap identified.

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RESUMENLas cajas de ahorros españolas son posiblemente el caso más significativo a nivel mundial de entidades multistakeholders, no sólo por su misión, sino también en su gobernanza. La Teoría Multifiduciaria de los Stakeholder plantea, al menos de forma teórica lo que en las cajas de ahorros ha sido una realidad por más de un siglo. Así, las cajas se convierten en un "caso de laboratorio" para analizar la viabilidad e idoneidad de una gobernanza participada por el conjunto de stakeholders de la organización. Nuestra hipótesis es que la gobernanza multistakeholder, así como la orientación hacia los stakeholders, generan un planteamiento estratégico diferente, no centrado en los beneficios. Por tanto, la gobernanza multifiduciaria puede perfectamente ser más ineficiente en relación con indicadores económico-financieros referidos a los shareholders de una entidad. Sin embargo, estas entidades deberían ser más eficientes si se tienen en cuenta indicadores relacionados con la generación de valor social. Con el fin de contrastar la eficiencia relativa hemos utilizado la población de bancos y cajas de España y los datos de 2009, utilizando la técnica de Análisis

El objetivo de este documento es analizar el efecto de la transformación de cajas de ahorro en bancos comerciales. Las cajas de ahorro españolas durante el periodo de 2012 a 2014 se han utilizado como “cuasiexperimento” o como ejemplo para otros países en los que actualmente existe esta estructura. El objetivo es mostrar si hay diferencias de eficiencia entre los bancos y las antiguas cajas de ahorro. El resultado es que, al menos en los primeros años posteriores a su transformación, las cajas de ahorro siguen obteniendo resultados sociales positivos y, además, están mejorando sus resultados económicos. Estos hallazgos son útiles tanto para posibles transformaciones de cajas de ahorro de otros países europeos en los que existe este tipo de entidades financieras, como para futuras investigaciones con datos financieros en América Latina, Asia o África.