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Dr. Marta De La Cuesta
UNED

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0 Banking
0 Sustainability
0 Corporate social responsibility (CSR)
0 Sustainable Finance
0 sustainable developement

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Banking
Corporate social responsibility (CSR)
Sustainability
Sustainable Finance

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Short Biography

MARTA DE LA CUESTA GONZÁLEZ is full professor at the Department of Applied Economy UNED. Spain. Main coordinator of the Master degree in Corporate social responsibility and Sustainability. Professor at PhD program on Economy and Business and main researcher of the UNED research group on Sustainable Finance and Social Responsibility (FINRES). Her research is mainly focused on Corporate Social Responsibility Performance and Reporting, Sustainable Finance and Circular Economy. Researches published in books, conference proceedings, and academic journals such as Journal of Cleaner Production, Journal of Business Ethics, Business Ethics: a European Review, Journal of Consumer Policy, Corporate Social Responsibility and Environmental Management etc. Currently, she is working on topics related to sustainable and inclusive finance, corporate social and fiscal responsibility and Circular Economy.

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Project

Project Goal: online learning ons sustainable and social impact finance

Starting Date:09 September 2019

Current Stage: Erasmus + (UNED, U of Liechetenstein, U of Sapienza and Unitelma de Roma)

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Project

Project Goal: SME and circular economy goals, management tools and good practices and

Starting Date:01 April 2019

Current Stage: data analysis

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Project

Project Goal: research on metrics ond deep CSR

Starting Date:01 January 2019

Current Stage: data collection

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Journal article
Published: 25 May 2021 in Sustainability
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Even though many small and medium-sized enterprises (SMEs) realize the importance of the Sustainable Development Goals (SDGs) for their sustainable business development, they face difficulties when individually pursuing this target. This paper aims to provide cluster-based SMEs with a framework to facilitate the uptake of the SDGs through a cluster network model. By focusing on the case study of a furniture production Cluster Management Organization (CMO Habic a network-based approach to sustainability management is analyzed in order to integrate the SDGs framework into SMEs’ everyday language and day-to-day operations. Through a cluster model approach, industry-specific sustainability material issues are tackled jointly and with the aim of applying a common solution to a similar challenge, Lehi-ODS, an online sustainability management tool for SME self-evaluation, has been developed wherein the participating SMEs can gain an overarching knowledge about the UN 2030 Agenda, assess their own alignment with the SDGs and with respect to that of their peers, and prioritize initiatives to correctly deliver them. The main conclusion derived from the paper is that a CMO is deemed to be a valuable driver in identifying common sector-specific challenges of corporate sustainability and in addressing collectively the question of contributing to the SDGs.

ACS Style

Eduardo Jiménez; Marta de la Cuesta-González; Montserrat Boronat-Navarro. How Small and Medium-Sized Enterprises Can Uptake the Sustainable Development Goals through a Cluster Management Organization: A Case Study. Sustainability 2021, 13, 5939 .

AMA Style

Eduardo Jiménez, Marta de la Cuesta-González, Montserrat Boronat-Navarro. How Small and Medium-Sized Enterprises Can Uptake the Sustainable Development Goals through a Cluster Management Organization: A Case Study. Sustainability. 2021; 13 (11):5939.

Chicago/Turabian Style

Eduardo Jiménez; Marta de la Cuesta-González; Montserrat Boronat-Navarro. 2021. "How Small and Medium-Sized Enterprises Can Uptake the Sustainable Development Goals through a Cluster Management Organization: A Case Study." Sustainability 13, no. 11: 5939.

Journal article
Published: 22 January 2021 in Geoforum
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The financial exclusion phenomenon has been approached from different perspectives. After reviewing the recent literature, we adopt a financial ecology approach and propose a comprehensive framework to analyse the different types of difficulties (access, use and perception) that vulnerable financial consumers face in relationships with banking institutions as well as their underlying causes. We consider financial inclusion as the sustainable provision of financial services and products and an adjustment to individual needs. We examine a special group of urban vulnerable consumers: underbanked people facing poverty and social exclusion. Data were obtained from focus groups and were coded and analysed using qualitative data analysis software. The results show that use difficulties predominate, followed by perception difficulties. Bank pressure and lack of financial training stood out among the main causes of these financial difficulties. We conclude that poorer neighbourhoods constitute a distinctive financial ecology produced by the ‘discrimination’ of a significant number of their inhabitants in the use of mainstream financial services. The study provides evidence of the socio-spatial nature of the exclusion process and calls for further research on the role of policy responses to restrict abusive practices.

ACS Style

Marta de la Cuesta-González; Juandiego Paredes-Gazquez; Cristina Ruza; Beatriz Fernández-Olit. The relationship between vulnerable financial consumers and banking institutions. A qualitative study in Spain. Geoforum 2021, 119, 163 -176.

AMA Style

Marta de la Cuesta-González, Juandiego Paredes-Gazquez, Cristina Ruza, Beatriz Fernández-Olit. The relationship between vulnerable financial consumers and banking institutions. A qualitative study in Spain. Geoforum. 2021; 119 ():163-176.

Chicago/Turabian Style

Marta de la Cuesta-González; Juandiego Paredes-Gazquez; Cristina Ruza; Beatriz Fernández-Olit. 2021. "The relationship between vulnerable financial consumers and banking institutions. A qualitative study in Spain." Geoforum 119, no. : 163-176.

Journal article
Published: 06 July 2020 in Sustainability
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Sustainable finance seeks to increase the contribution of finance to sustainable and inclusive growth. The global financial crisis of 2008 provoked the return of inequality in advanced countries to levels typical of a century ago. The aim of this paper is to empirically analyze the relationship between finance and income inequality for a group of nine OECD countries over the pre-crisis and post-crisis periods (2000–2015). The model proposed in this study simultaneously considers two explanatory variables for measuring financial depth (credit provision and capital markets) and a new multidimensional variable to measure the financial system’s resilience (a composite indicator), and conducts panel data analysis. The empirical results confirm that in terms of financial depth, the "too much finance hypothesis" holds. We also find that financial system’s resilience helps alleviate existing income inequality and that income inequality appears higher in liberal market economies than in coordinated economies. These results encourage policymakers to look beyond traditional public redistribution interventions and to pay attention to other financial variables related to the financialization process, the behavior of financial intermediaries, and the specific environment in which they operate.

ACS Style

Marta De La Cuesta-González; Cristina Ruza; José M. Rodríguez-Fernández. Rethinking the Income Inequality and Financial Development Nexus. A Study of Nine OECD Countries. Sustainability 2020, 12, 5449 .

AMA Style

Marta De La Cuesta-González, Cristina Ruza, José M. Rodríguez-Fernández. Rethinking the Income Inequality and Financial Development Nexus. A Study of Nine OECD Countries. Sustainability. 2020; 12 (13):5449.

Chicago/Turabian Style

Marta De La Cuesta-González; Cristina Ruza; José M. Rodríguez-Fernández. 2020. "Rethinking the Income Inequality and Financial Development Nexus. A Study of Nine OECD Countries." Sustainability 12, no. 13: 5449.

Original paper
Published: 25 May 2020 in Journal of Business Ethics
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This paper addresses the question of whether and how public action via civil society and/or government can meaningfully shape industry-wide corporate responsibility (ICR) behaviour. We explore how, in principle, ICR can come about and what conditions might be effective in promoting more ethical behaviour. We propose a framework to understand attempts to develop more responsible behaviour at an industry level through processes of negotiation and coalition building. We suggest that any attempt to meaningfully influence ICR would require stakeholders to possess both power and legitimacy; moreover, magnitude and urgency of the issue at stake may affect the ability to influence ICR. The framework is applied to the retail banking industry, focusing on post-crisis experiences in two countries—Spain and the UK—where there has been considerable pressure on the retail banking industry by civil society and/or government to change behaviours, especially to abandon unethical practices. We illustrate in this paper how corporate responsibility at the sector level in retail banking is the product of context-specific processes of negotiation between civil society and public authorities, on behalf of customers and other stakeholders, drawing on legal and other institutions to influence industry behaviour.

ACS Style

Marta De La Cuesta-González; Julie Froud; Daniel Tischer. Coalitions and Public Action in the Reshaping of Corporate Responsibility: The Case of the Retail Banking Industry. Journal of Business Ethics 2020, 1 -20.

AMA Style

Marta De La Cuesta-González, Julie Froud, Daniel Tischer. Coalitions and Public Action in the Reshaping of Corporate Responsibility: The Case of the Retail Banking Industry. Journal of Business Ethics. 2020; ():1-20.

Chicago/Turabian Style

Marta De La Cuesta-González; Julie Froud; Daniel Tischer. 2020. "Coalitions and Public Action in the Reshaping of Corporate Responsibility: The Case of the Retail Banking Industry." Journal of Business Ethics , no. : 1-20.

Chapter
Published: 12 May 2020 in Global Challenges to CSR and Sustainable Development
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In a context of increasing public awareness of corporate harmful tax practices and their impact on society, corporate tax responsibility (CTR) is becoming more important to companies, stakeholders and scholars. Nevertheless, this issue has not been fully explored in the academic literature and the few existing studies do not delve into the priorities of shareholders and investors. Our research aims to fill this gap by exploring the importance that the main actors involved in investment decisions give to the corporate tax practices and policies of listed companies. Based on the main academic literature and public CTR initiatives such as the Base erosion and profit shifting project (BEPS), we designed a survey to obtain the opinion of asset owners, asset managers, listed companies, financial analysts, social rating agencies and proxy advisors/solicitors. Results show that, although the investment community pays little attention to the (ir) responsibility of the taxation practices of listed companies, this importance will increase noticeably in coming years. According to respondents, the reasons for this change include diverse issues such as reputational and governance risks.

ACS Style

Eva Pardo; Marta De La Cuesta-González. Corporate Tax Responsibility: Do Investors Care? Global Challenges to CSR and Sustainable Development 2020, 17 -31.

AMA Style

Eva Pardo, Marta De La Cuesta-González. Corporate Tax Responsibility: Do Investors Care? Global Challenges to CSR and Sustainable Development. 2020; ():17-31.

Chicago/Turabian Style

Eva Pardo; Marta De La Cuesta-González. 2020. "Corporate Tax Responsibility: Do Investors Care?" Global Challenges to CSR and Sustainable Development , no. : 17-31.

Journal article
Published: 03 March 2020 in Studies of Applied Economics
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This article analyses the technical and financial responsibilities of the banking sector, and reflects on their relation with the definition of social corporate responsibility applied exclusively to commercial banking activities. Mainstream assessment and reporting systems regarding external or commercial CSR show an insufficient capacity to integrate and evaluate the social and environmental impacts originated during the recent financial crisis. Therefore, after constructing a revised and completed assessment model, it has been applied to two different sustainability databases for the period 2006-2010. As a result, we have obtained both indexes of European banks regarding their external CSR performance. Despite obtaining a limited jointly coverage of total model by both databases, the descriptive analysis of results shows differences between the general characteristics of entities (size and banking specialization) and their external CSR rating. Thus, smaller banks and mainly oriented to financial intermediation show better performance than investment and large, universal banks, questioning the social and environmental sustainability of such model of banking.

ACS Style

Beatriz Fernández Olit; Marta De La Cuesta González. Evaluación de impactos ambientales y sociales del negocio de banca comercial en Europa durante el periodo 2006-2010. Studies of Applied Economics 2020, 32, 567 -592.

AMA Style

Beatriz Fernández Olit, Marta De La Cuesta González. Evaluación de impactos ambientales y sociales del negocio de banca comercial en Europa durante el periodo 2006-2010. Studies of Applied Economics. 2020; 32 (2):567-592.

Chicago/Turabian Style

Beatriz Fernández Olit; Marta De La Cuesta González. 2020. "Evaluación de impactos ambientales y sociales del negocio de banca comercial en Europa durante el periodo 2006-2010." Studies of Applied Economics 32, no. 2: 567-592.

Journal article
Published: 14 October 2019 in Journal of Economic Studies
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Purpose The purpose of this paper is to empirically appraise the health of banking systems by applying a new theoretical framework based on resilience and stability simultaneously. In line with complex system theories, the authors will consider the dynamics of the banking system as a whole, analysing not only banks individually but also the broad environment in which they operate. For doing so, the authors propose a composite indicator (CI) for analysing the resilience and stability of banking systems of developed countries. The main purpose of the indicator is not to make predictions on future banks’ behaviour, but rather to use it as a tool for appraising the overall health of the most salient banking systems. Design/methodology/approach The authors have designed a theoretical framework of resilience and stability taking into account the review of previous literature. The authors have identified the main factors underlying these two concepts that can be appraised as complementary targets. The authors have applied multiple factor analyses to identify the main determinants of banks’ resilience and stability, and the authors have constructed a CI giving different weights to the relevant dimensions previously identified. The authors have tried different model specification and the authors have chosen the simplest model that render better empirical results. The authors construct the resilience and stability indicator for the group of G7 countries, Spain and Portugal, from 2004 up to 2015. Findings First, resilience–stability indicators for the group of countries analysed reveal quite different patterns in the aftermath of the financial crises. While some countries have improved its relative position within the ranking, the authors find others evolving just in the opposite direction. Second, the relative position of countries in terms of the resilience–stability indicator allows the authors to identify Canada and the USA as examples of best practices. Third, by analysing countries individually the authors will be better able to identify potential weakness and areas for improvement in each case. Practical implications The evolution of the resilience and stability indicator will serve as an early warning system for policy makers and supervisors in identifying signs of weakness, as well as a useful tool to identify the best practices. Furthermore, this indicator will allow to better assessing the potential vulnerability of banking systems in the advent of a forthcoming crisis. Therefore, this measurement should not be interpreted as an absolute value but as a warning signal of potential weakness in each case. Originality/value The main contribution of this paper to the existing literature is that it introduces a new reconceptualization of the health of the banking system in line with complex theories. The theoretical background is based on a comprehensive framework of resilience and stability as complementary targets. The CI summarises into a single figure a multidimensional concept like resilience and stability. The variables that the authors have used for the construction of the indicator have been validated by applying multiple factor analysis. The authors have empirically appraise the resilience and stability of a group of advanced economies that encompass the group of the more developed countries in the world and the two European cases that have receive financial support in order to see if there are remarkable differences.

ACS Style

Cristina Ruza; Marta De La Cuesta-González; Juandiego Paredes-Gazquez. Banking system resilience: an empirical appraisal. Journal of Economic Studies 2019, 46, 1241 -1257.

AMA Style

Cristina Ruza, Marta De La Cuesta-González, Juandiego Paredes-Gazquez. Banking system resilience: an empirical appraisal. Journal of Economic Studies. 2019; 46 (6):1241-1257.

Chicago/Turabian Style

Cristina Ruza; Marta De La Cuesta-González; Juandiego Paredes-Gazquez. 2019. "Banking system resilience: an empirical appraisal." Journal of Economic Studies 46, no. 6: 1241-1257.

Earlycite article
Published: 23 September 2019 in Accounting, Auditing & Accountability Journal
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Purpose The purpose of this paper is to explore the emerging discourse on corporate taxation from a corporate social responsibility perspective to develop a consensual definition of corporate tax responsibility (CTR) and to identify a set of indicators that firms should publicly communicate to their stakeholders as an accountability mechanism. Design/methodology/approach Data were obtained from semi-structured interviews with representatives of stakeholders closely related to taxation: tax authorities, companies, NGOs, tax advisors and academics. Based on a discourse analysis approach, data were coded and analyzed using computer-assisted qualitative data analysis software. Findings CTR is defined as the set of tax-related practices and policies that allow companies to pay a fair share of taxes as a function of the generated value in each jurisdiction in which they operate and to then publicly disclose them. Disclosure should cover disaggregated quantitative data and information on practices and policies. Originality/value Despite the wealth of research on sustainability reporting and increasing public awareness of tax aggressiveness and disclosure, academic research has not explored tax-responsible reporting. Moreover, no consensual definition of CTR has been formulated, and no indicators to properly account for responsible taxation have been identified. This paper contributes to filling these gaps by providing rich interview evidence regarding the nature of the emerging discourse on CTR reporting and a set of material indicators for CTR disclosure. This paper encourages researchers to foster the development of social accountability by engaging in future empirical studies of CTR.

ACS Style

Marta De la Cuesta-González; Eva Pardo. Corporate tax disclosure on a CSR basis: a new reporting framework in the post-BEPS era. Accounting, Auditing & Accountability Journal 2019, 32, 2167 -2192.

AMA Style

Marta De la Cuesta-González, Eva Pardo. Corporate tax disclosure on a CSR basis: a new reporting framework in the post-BEPS era. Accounting, Auditing & Accountability Journal. 2019; 32 (7):2167-2192.

Chicago/Turabian Style

Marta De la Cuesta-González; Eva Pardo. 2019. "Corporate tax disclosure on a CSR basis: a new reporting framework in the post-BEPS era." Accounting, Auditing & Accountability Journal 32, no. 7: 2167-2192.

Original paper
Published: 15 April 2019 in Journal of Consumer Policy
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This paper analyses the phenomenon of financial discrimination that has been identified in many developed countries in the aftermath of the financial crisis. We would consider the process of worsening quality in the provision of banking products and services as part of the increasing problem of financial exclusion, which should consider not only physical access to branches but also the difficulties of using banking services and products. Our primary concern is focused on the collective of vulnerable customers, so we have carried out an analysis at a micro-scale (urban districts and municipalities) to identify the main determinants of financial discrimination of territories according to their socioeconomic profile. This study constitutes a first attempt to analyse financial discrimination in the provision of banking products and services at an urban micro-scale. We have considered the cases of Madrid and Barcelona in Spain as good references, as these large urban territories have a high level of social inequality. The methodology applied is quantile regressions, a useful technique for analysing the “extreme” nature of the phenomenon of financial discrimination. Our results confirm that the more overloaded branches are located in districts characterized by a lower socioeconomic profile, indicating a banking industry trend towards “low-cost” retail banking to serve the group of less profitable, more vulnerable customers. Some recommendations are outlined for policymakers in line with the aims and scope of the Payment Accounts Directive of the European Union.

ACS Style

B. Fernández-Olit; C. Ruza; Marta De La Cuesta; M. Matilla-Garcia. Banks and Financial Discrimination: What Can Be Learnt from the Spanish Experience? Journal of Consumer Policy 2019, 42, 303 -323.

AMA Style

B. Fernández-Olit, C. Ruza, Marta De La Cuesta, M. Matilla-Garcia. Banks and Financial Discrimination: What Can Be Learnt from the Spanish Experience? Journal of Consumer Policy. 2019; 42 (2):303-323.

Chicago/Turabian Style

B. Fernández-Olit; C. Ruza; Marta De La Cuesta; M. Matilla-Garcia. 2019. "Banks and Financial Discrimination: What Can Be Learnt from the Spanish Experience?" Journal of Consumer Policy 42, no. 2: 303-323.

Articles
Published: 02 October 2018 in Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad
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Fruto de la crisis financiera la responsabilidad fiscal está ganando mayor atención social y gubernamental, consolidándose como elemento integrante de la responsabilidad social corporativa. Como consecuencia, las empresas son objeto de mayor presión para informar sobre sus prácticas fiscales. Desde 2017 las empresas deben cumplir nuevas exigencias de información fiscal derivadas del Proyecto contra la Erosión de la Base Imponible y el Traslado de Beneficios (BEPS) de la Organización para la Cooperación y el Desarrollo Económicos. Este trabajo analiza la información fiscal publicada por las empresas cotizadas españolas, identificando la inclusión de aspectos clave para los grupos de interés y reflejados en iniciativas internacionales sobre transparencia fiscal como BEPS. Los resultados muestran que la información pública de las empresas españolas no responde suficientemente a las nuevas demandas informativas en materia fiscal. Este estudio contribuye a la incipiente literatura sobre fiscalidad desde un enfoque extrafinanciero y tiene implicaciones prácticas sobre la transparencia fiscal de las empresas.

ACS Style

Marta De La Cuesta; Eva Pardo; Nicolas Garcia-Torea. Adaptación de la información sobre responsabilidad fiscal a las nuevas exigencias informativas. Una aproximación al caso español. Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad 2018, 48, 464 -491.

AMA Style

Marta De La Cuesta, Eva Pardo, Nicolas Garcia-Torea. Adaptación de la información sobre responsabilidad fiscal a las nuevas exigencias informativas. Una aproximación al caso español. Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad. 2018; 48 (4):464-491.

Chicago/Turabian Style

Marta De La Cuesta; Eva Pardo; Nicolas Garcia-Torea. 2018. "Adaptación de la información sobre responsabilidad fiscal a las nuevas exigencias informativas. Una aproximación al caso español." Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad 48, no. 4: 464-491.

Conference paper
Published: 26 April 2018 in Springer Texts in Business and Economics
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This paper aims to appraise the problem of financial exclusion in Spain after the process of banking system restructuration. The paper proposes a theoretical model for explaining the phenomenon of financial exclusion including both “access difficulties” and “difficulties in the use of financial services” as two dimensions that should be jointly considered. The main contribution of this paper is that it broadens the scope of financial exclusion from a theoretical and empirical point of view, and it also analyses the financial exclusion phenomenon at lower units of analysis that have not been previously explored: urban districts and municipalities. We considered Madrid and Barcelona as our scenarios of analysis. The methodological procedure was carried out in two steps: we first validate our theoretical model by applying canonical correlations, and secondly we carried out Quantile Regressions (QR) to estimate the different impact of financial exclusion’s predictors at different points of the empirical distribution. The empirical results indicate a trend towards low-cost retail banking to serve the segment of less profitable customers and a pattern of branch disappearance more pronounced in those territories vulnerable from a socioeconomic point of view.

ACS Style

Cristina Ruza-Paz-Curbera; Beatriz Fernández Olit; Marta de la Cuesta-González. Methodological Approaches to Analyse Financial Exclusion from an Urban Perspective. Springer Texts in Business and Economics 2018, 403 -418.

AMA Style

Cristina Ruza-Paz-Curbera, Beatriz Fernández Olit, Marta de la Cuesta-González. Methodological Approaches to Analyse Financial Exclusion from an Urban Perspective. Springer Texts in Business and Economics. 2018; ():403-418.

Chicago/Turabian Style

Cristina Ruza-Paz-Curbera; Beatriz Fernández Olit; Marta de la Cuesta-González. 2018. "Methodological Approaches to Analyse Financial Exclusion from an Urban Perspective." Springer Texts in Business and Economics , no. : 403-418.

Journal article
Published: 01 September 2017 in Journal of Cleaner Production
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ACS Style

Pablo Esteban-Sanchez; Marta de la Cuesta-Gonzalez; Juan Diego Paredes-Gazquez. Corporate social performance and its relation with corporate financial performance: International evidence in the banking industry. Journal of Cleaner Production 2017, 162, 1102 -1110.

AMA Style

Pablo Esteban-Sanchez, Marta de la Cuesta-Gonzalez, Juan Diego Paredes-Gazquez. Corporate social performance and its relation with corporate financial performance: International evidence in the banking industry. Journal of Cleaner Production. 2017; 162 ():1102-1110.

Chicago/Turabian Style

Pablo Esteban-Sanchez; Marta de la Cuesta-Gonzalez; Juan Diego Paredes-Gazquez. 2017. "Corporate social performance and its relation with corporate financial performance: International evidence in the banking industry." Journal of Cleaner Production 162, no. : 1102-1110.

Original articles
Published: 12 December 2016 in Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad
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This paper analyses the influence of ownership structure on the transparency of corporate social responsibility (CSR) information for a sample of 128 Spanish listed companies between 2009 and 2011. We distinguish two types of significant shareholders, depending on whether or not they are members of the board of directors. The results of the ordinary least squares regression show a different relationship between each type of shareholder and the transparency of CSR information. Significant shareholders who are not directors have a positive effect on transparency. Conversely, firms with boards holding more than 25% of ownership are less transparent than firms with boards holding below that threshold. Our results contribute to the academic debate on the relationship between ownership and CSR disclosure. They indicate the existence of information asymmetries between these two types of shareholders. Additionally, we contribute to literature on board of directors. We found that the presence of women on boards improves transparency, while the independence of the board and CEO duality do not affect it.

ACS Style

Nicolas Garcia-Torea; Belen Fernandez-Feijoo; Marta de la Cuesta-González. The influence of ownership structure on the transparency of CSR reporting: empirical evidence from Spain. Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad 2016, 46, 249 -271.

AMA Style

Nicolas Garcia-Torea, Belen Fernandez-Feijoo, Marta de la Cuesta-González. The influence of ownership structure on the transparency of CSR reporting: empirical evidence from Spain. Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad. 2016; 46 (3):249-271.

Chicago/Turabian Style

Nicolas Garcia-Torea; Belen Fernandez-Feijoo; Marta de la Cuesta-González. 2016. "The influence of ownership structure on the transparency of CSR reporting: empirical evidence from Spain." Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad 46, no. 3: 249-271.

Journal article
Published: 10 November 2016 in International Journal of Consumer Studies
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This paper proposes a comprehensive explanatory model to explain both causes and consequences of over-indebtedness. It presents as causes some borrower aspects, such as propensity to indebtedness and low financial literacy. Other causes are borrower circumstances: adverse external shocks, borrower internal problems and financial institutions' pressure. The model incorporates consequences on the borrower, the lender and the society. The model has been tested with a survey filled in by experts and over-indebted individuals. Results have been analysed using multivariate techniques, including canonical correlations. There are differences in the opinions of experts and individuals: the latter blame external shocks or financial institutions' pressure, while the former find relevant factors the financial illiteracy or the tendency to imitate others. Experts and individuals agree on the consequences: poverty growth in the society and declining borrower's welfare. The paper concludes with the need to improve financial literacy, especially in the risks involved in over-indebtedness.

ACS Style

Begoña Gutiérrez Nieto; Carlos Serrano Cinca; Marta de la Cuesta. A multivariate study of over-indebtedness' causes and consequences. International Journal of Consumer Studies 2016, 41, 188 -198.

AMA Style

Begoña Gutiérrez Nieto, Carlos Serrano Cinca, Marta de la Cuesta. A multivariate study of over-indebtedness' causes and consequences. International Journal of Consumer Studies. 2016; 41 (2):188-198.

Chicago/Turabian Style

Begoña Gutiérrez Nieto; Carlos Serrano Cinca; Marta de la Cuesta. 2016. "A multivariate study of over-indebtedness' causes and consequences." International Journal of Consumer Studies 41, no. 2: 188-198.

Article
Published: 07 November 2016 in Social Indicators Research
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The economic crisis has increased the inequality and heterogeneity of people at risk of social exclusion, and thus their financial vulnerability. This article reviews the literature on the determinants of unbanking and underbanking and proposes a model linking financial and social exclusion. We aimed to determine if people at risk of poverty and social exclusion are integrated -and to what extent- in the financial system. To answer this question, we identified the demographic and the social exclusion factors that determine both the status of financial vulnerability and the use of banking services. We used multivariate analysis methods to analyze the information from the survey on social vulnerability conducted by the Red Cross Spain in 2015. Our results show a negative relationship between the risk of social exclusion and the intensity of use of banking services. This can lead to financial vulnerability and exclusion in the most extreme situations. We suggest that underbanking is the most relevant—but not previously studied- situation of financial vulnerability in Europe and discuss its implications for policymakers. This paper contributes to the measurement of the link between financial and social exclusion, and is the first quantitative study on the use of banking products by vulnerable people in a European context.

ACS Style

Beatriz Fernández Olit; Juan Diego Paredes-Gázquez; Marta de la Cuesta. Are Social and Financial Exclusion Two Sides of the Same Coin? An Analysis of the Financial Integration of Vulnerable People. Social Indicators Research 2016, 135, 245 -268.

AMA Style

Beatriz Fernández Olit, Juan Diego Paredes-Gázquez, Marta de la Cuesta. Are Social and Financial Exclusion Two Sides of the Same Coin? An Analysis of the Financial Integration of Vulnerable People. Social Indicators Research. 2016; 135 (1):245-268.

Chicago/Turabian Style

Beatriz Fernández Olit; Juan Diego Paredes-Gázquez; Marta de la Cuesta. 2016. "Are Social and Financial Exclusion Two Sides of the Same Coin? An Analysis of the Financial Integration of Vulnerable People." Social Indicators Research 135, no. 1: 245-268.

Journal article
Published: 01 October 2016 in BRQ Business Research Quarterly
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This paper analyzes whether effective boards of directors in addressing shareholder interests also prove to be effective in guaranteeing the interests of the rest of the firm's stakeholders. We measure board effectiveness based on the shareholder perspective, and test whether it is valid for the stakeholder perspective. The novelty of this paper precisely lies in its approach, given that it considers both perspectives of corporate governance at a time. Using the transparency of sustainability reports as a proxy for the stakeholder perspective in an international sample of 2366 companies, the paper shows that effective boards are more likely to address the interests of both the shareholders and the rest of the firm's stakeholders. Furthermore, we propose a measure of board effectiveness by gathering several board characteristics. Our results contribute to research on corporate governance and corporate social responsibility reporting, and it has implications for policy makers

ACS Style

Nicolas Garcia-Torea; Belen Fernandez-Feijoo; Marta de la Cuesta. Board of director's effectiveness and the stakeholder perspective of corporate governance: Do effective boards promote the interests of shareholders and stakeholders? BRQ Business Research Quarterly 2016, 19, 246 -260.

AMA Style

Nicolas Garcia-Torea, Belen Fernandez-Feijoo, Marta de la Cuesta. Board of director's effectiveness and the stakeholder perspective of corporate governance: Do effective boards promote the interests of shareholders and stakeholders? BRQ Business Research Quarterly. 2016; 19 (4):246-260.

Chicago/Turabian Style

Nicolas Garcia-Torea; Belen Fernandez-Feijoo; Marta de la Cuesta. 2016. "Board of director's effectiveness and the stakeholder perspective of corporate governance: Do effective boards promote the interests of shareholders and stakeholders?" BRQ Business Research Quarterly 19, no. 4: 246-260.

Journal article
Published: 01 January 2016 in Revista de Contabilidad
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ACS Style

Juan Diego Paredes-Gazquez; José Miguel Rodriguez-Fernandez; Marta de la Cuesta. Measuring corporate social responsibility using composite indices: Mission impossible? The case of the electricity utility industry. Revista de Contabilidad 2016, 19, 142 -153.

AMA Style

Juan Diego Paredes-Gazquez, José Miguel Rodriguez-Fernandez, Marta de la Cuesta. Measuring corporate social responsibility using composite indices: Mission impossible? The case of the electricity utility industry. Revista de Contabilidad. 2016; 19 (1):142-153.

Chicago/Turabian Style

Juan Diego Paredes-Gazquez; José Miguel Rodriguez-Fernandez; Marta de la Cuesta. 2016. "Measuring corporate social responsibility using composite indices: Mission impossible? The case of the electricity utility industry." Revista de Contabilidad 19, no. 1: 142-153.