IDEAS home Printed from
MyIDEAS: Login to save this article or follow this journal

Large shareholders, bank ownership and informativeness of earnings

  • Víctor M. González Méndez

    (Universidad de Oviedo)

Registered author(s):

    This paper analyses the influence of large shareholders and bank ownership on earnings informativeness, measured by the earnings-return relation, in Spain. The results suggest that the expropriation effect is dominant at any level of ownership concentration. Furthermore, bank ownership is positively associated with the explanatory power of earnings for returns, being consistent with the role of banks as shareholders that actively monitor the firm’s business performance. This effect is similar regardless of whether the bank is the major shareholder of the firm or not.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    File Function: Full text
    Download Restriction: no

    Article provided by Universidad de Zaragoza, Departamento de Estructura Economica y Economia Publica in its journal Revista de Economía Aplicada.

    Volume (Year): 17 (2009)
    Issue (Month): 3 (Winter)
    Pages: 81-102

    in new window

    Handle: RePEc:rev:reveca:v:17:y:2009:i:3:p:81-102
    Contact details of provider: Postal: Revista de Economía Aplicada Departamento de Estructura Económica y Economía Pública Facultad de Ciencias Económicas Gran Vía, 2 50005 Zaragoza Spain
    Fax: 976 76 19 96
    Web page:

    More information through EDIRC

    Order Information: Web: Email:

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:rev:reveca:v:17:y:2009:i:3:p:81-102. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ana Belén Gracia)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.