(Press-News.org) Researchers from the Polytechnic University of Valencia (UPV) have produced a new league table of Spanish savings banks based on economic, financial and social criteria. This is the first study of these characteristics carried out in Spain, and the data used come from the savings banks' annual accounts for 2007.
"All the banking sector rankings previously produced have revolved around a single variable, such as size, number of assets or number of deposits, meaning they fail to give an overall vision of the organisation as a whole", Fernando García, co-author of the study and a researcher at the UPV, tells SINC.
The study, which has been published in the journal Mathematical and computer modelling, uses a 'programming by goals' method, which takes into account the savings banks' efficiency, solvency and size, based on their annual accounts for 2007. "We have applied this method to the savings banks given the current circumstances and the mergers that are likely to take place in future", the researcher explains.
According to the research, this new classification gives a "more precise" overall vision of the savings banks, and provides information about the situation of each of the financial entities, as well as their position in any potential merger.
Regardless of the value evaluated, the savings banks constantly in the top positions out of the 40 studied are BBK, Cajastur, La Caixa, and Caja Murcia. The same is true with the lowest positions on the league table, with Caixa d'Estalvis de Sabadell, Caixa Girona, Caixa Penedés, Caixa Manlleu, Caixa Tarragona, Caja España, Cajasol, Caja Canarias and Cajasur cropping up again and again.
The eternal mid-rankers
Meanwhile, Caixanova and IberCaja, Caja Duero, Caja Segovia, Caja Cantabria, Caixa Ontiyent and Caja Granada always take the intermediate positions.
"For management purposes, these classifications help to get an idea of the companies' position within the sector, and can be used to see how much they improve on the list from one year to the next", the researcher points out.
INFORMATION:
References:
Fernando Garcia, Francisco Guijarro, Ismael Moya, "Ranking Spanish savings banks: A multicriteria approach", Mathematical and computer modelling 52 (7-8): 1058-1065 , octubre de 2010. doi: 10.1016/j.mcm.2010.02.015.
New league table of Spanish savings banks created
2010-10-02
[Attachments] See images for this press release:
ELSE PRESS RELEASES FROM THIS DATE:
Boston Medical Center research study validates the Boston Bowel Preparation Scale
2010-10-02
(Boston) – Boston Medical Center (BMC) doctors have proven the reliability of the Boston Bowel Preparation Scale (BBPS), a tool that assesses the cleanliness of the colon during colonoscopies. This study, published in the October 2010 issue of the journal Gastrointestinal Endoscopy, demonstrates the scale's accuracy and could become an international standardized tool to rate colon cleanliness during colonoscopy.
Audrey Calderwood, MD, a physician in BMC's section of gastroenterology and an assistant professor at Boston University School of Medicine (BUSM), is lead author ...
Think saturated fat contributes to heart disease? Think again
2010-10-02
(Rosemont, IL) Oct. 1 – For the past three decades, saturated fat has been considered a major culprit of cardiovascular disease (CVD) and as a result dietary advice persists in recommending reduced consumption of this macronutrient. However, new evidence shows that saturated fat intake has only a very limited impact on CVD risk -- causing many to rethink the "saturated fat is bad" paradigm.
A series of research articles published in the October issue of Lipids provides a snapshot of recent advances in saturated fat and health research, based on science presented at ...
American Chemical Society posts new online collection of resources on climate change
2010-10-02
WASHINGTON, Oct. 1, 2010 — The American Chemical Society (ACS) today posted a new online collection of resources related to climate change, including audio and visual presentations from a recent ACS forum on the science of climate change and video from an ACS press briefing on this forum. The forum featured four world-class experts who discussed the state of the science and the importance of dealing with this issue in a scientifically informed manner.
The climate experts and their presentations include:
Michael McElroy, Ph.D., Professor of Environmental Studies, Harvard ...
Pension reform vital to maintaining Canadians' standard of living
2010-10-02
Montreal, October 1, 2010 – As baby boomers retire in greater numbers, serious doubts continue to be raised about the ability of the retirement income system to provide adequate replacement wages for the next generation of Canadians. According to a new study conducted by a Concordia University researcher for the Institute for Research on Public Policy, our country can learn valuable policy lessons from recent pension reforms in Norway, Sweden, New Zealand and the United Kingdom.
Patrik Marier, Canada Research Chair in Comparative Public Policy and a professor in the Concordia ...
New USDA study shows extent of land degradation and recovery on western rangelands
2010-10-02
The U.S. Department of Agriculture (USDA) today released a new study by scientists and conservationists showing that non-federal rangelands in the Western United States are productive, but that non-native grasses and shrubs pose a potential threat to the rangelands' productivity.
"American ranchers and farmers are at the front line of the effort to protect the health and productivity of our western rangelands," said Agriculture Secretary Tom Vilsack. "This new study not only provides valuable information about the current state of these lands, but also sets a baseline ...
Proposed dietary guidelines for Americans sharply debated
2010-10-02
New York, 1 October, 2010 – A special article published today in the journal Nutrition sharply criticizes the recent Report of the 2010 Dietary Guidelines Advisory Committee (DGAC). Authors Hite et al. argue the Report fails to conform to the standards of evidence-based medicine, despite its claimed reliance on a newly created USDA Nutrition Evidence Library. The authors call the DGAC to task for failing to consider recent scientific results while at the same time further confusing the American public.
The Dietary Guidelines are the basis for the USDA Food Pyramid, and ...
Gene variations that alter key enzyme linked to prostate cancer
2010-10-02
Researchers at the National Institutes of Health have found that variations in a gene for an enzyme involved in cell energy metabolism appear to increase the risk for prostate cancer.
The genetic variations all impair the enzyme phosphodiesterase 11A (PDE11A), which helps regulate a cell's responses to hormones and other signals. Previous studies by NIH researchers have linked genetic variations that inactivate PDE11A with increased susceptibility to testicular cancer and adrenal tumors
The researchers found that a group of men with prostate cancer were nearly four ...
New approach for treating dry mouth presented in study published in October 2010 issue of JADA
2010-10-02
EUGENE, OR, October 1, 2010 – A newly published study in the October 2010 issue of The Journal of the American Dental Association (JADA), conducted at New York University's College of Dentistry, confirms the safety and efficacy of a new novel method for controlling xerostomia, or dry mouth. The double masked, randomized controlled crossover study concludes that use of a unique mucoadhesive patch, affixed to the hard palate inside the mouth, provides statistically significant and sustainable improvements in salivary flow rates and subjective moistness for dry mouth sufferers. ...
Experts urge making cigarettes non-addictive a research priority
2010-10-02
MINNEAPOLIS/ST.PAUL (October 1, 2010) – After a major review of scientific information, six leading tobacco research and policy experts have concluded that a nicotine reduction strategy should be an urgent research priority because of its potential to profoundly reduce the death and disease from tobacco use. Their findings were published today in the journal Tobacco Control.
According to this new report, reducing the amount of nicotine in cigarettes to non-addictive levels could have a significant public health impact on prevention and smoking cessation. Over time, ...
Protein provides link between calcium signaling in excitable and non-excitable cells
2010-10-02
A calcium-sensing protein, STIM1, known to activate store-operated calcium channels has been found to also inhibit voltage-operated calcium channels, according to researchers at Temple University.
The researchers published their findings, The Calcium Store Sensor, STIM1, Reciprocally Controls Orai and Cav1.2 Channels, in the Oct. 1 issue of Science magazine (www.sciencemag.org).
Calcium, not just important for bones and teeth, is a universal signaling agent that is pivotal in controlling a wide range of cell functions including fast muscle and nerve responses and slower ...