Examinando por Autor "Ubeda, Fernando"

Mostrando 1 - 7 de 7

Do formal and informal institutions shape the influence of sustainable banking on financial development?
(Elsevier, 2022) Ubeda, Fernando; Forcadell, Francisco Javier; Suárez, Nuria
This paper explores the moderating role of formal and informal institutions on the sustainable banking and financial development link. We compute an aggregated measure of sustainability in the banking sector for a sample of 46 countries for the period 2010-2018. Our results indicate that sustainable banking positively influences financial development only in countries with strong formal institutions. Nevertheless, informal institutions can generate the necessary trust in the banking sector, allowing the positive effect of sustainable banking on financial development in countries with weak formal institutions. The results are robust after controlling the potential endogeneity issues.
How socially sustainable multinational banks promote financial inclusion in developing countries
(Elsevier, 2024-08) Ubeda, Fernando; Mendez, Alvaro; Forcadell, Francisco Javier; López, Belén
This paper investigates the impact of multinational banks (MNBs) implementing socially sustainable practices on financial inclusion in developing countries. We argue that the specific characteristics of the MNBs, when combined with socially sustainable practices, contribute to building trust and reducing risks in developing countries where they operate. This positive externality causes improvements for the underprivileged in three dimensions of financial inclusion: their demand for bank accounts, their propensity to save, and their access to credit. A sample of 152 multinational banks in 32 developing countries and 37,952 individuals proves the positive effect of sustainable practices
How sustainable banking fosters the SDG 10 in weak institutional environments
(Elsevier, 2022) Ubeda, Fernando; Forcadell, Francisco Javier; Aracil, Elisa; Méndez, Alvaro
The role of the financial sector is central in reducing income inequality – the goal of SDG 10 – by facilitating economic opportunities. However, institutional weaknesses may also undermine this effect. We argue that sustainable banking generates bidirectional trust to overcome institutional weaknesses, particularly the weak rule of law. Empirical evidence from 46 countries aggregating data of 1060 banks over 2010–2017 shows that sustainable banking lessens income inequality in weak rule of law settings. The results are robust after including the effects of bank digitalisation. This study has important implications for sustainable banking expansion into weak institutional environments and demonstrates banks’ efforts in their commitment to reducing inequality.
Individual entrepreneurial orientation and performance: the mediating role of international entrepreneurship
(Springer, 2021) Forcadell, Francisco Javier; Ubeda, Fernando
This paper analyses the role that individual entrepreneurial orientation (IEO) plays in the success of international entrepreneurship moves. We focus on the mediation effect of international entrepreneurship in the relationship between IEO and firm performance. We argue that entrepreneurial experience constitutes an important source of IEO and propose an objective measure of IEO. The hypotheses are empirically analysed using a 22-year panel of family SMEs. Our results confirm the hypotheses and provide a better understanding of the role of IEO in the success of corporate strategies such as internationalisation. Specifically, IEO is found to improve firm performance indirectly by increasing the speed of internationalisation, and this effect is non-linear. Our study contributes to the literature by extending international entrepreneurship literature by offering a more complete view of the causes and consequences of IEO. Finally, our results also contribute to the literature on family firm heterogeneity.
Initial resource heterogeneity differences between family and non-family firms: Implications for resource acquisition and resource generation
(Elsevier, 2018) Forcadell, Francisco Javier; Ubeda, Fernando; Zúñiga, José Angel
A fundamental, but overlooked stream of resource-based theory (RBT) is the analysis of combinations of initial heterogeneous resource endowments with homogeneous resources that are acquired in the market. These combinations can generate heterogeneous, specific non-tradable resources, which are a potential source of superior competitive advantage and, hence, performance. In order to operationalize this idea empirically, we analyse the development of internationalization resources (considered a specific category of nontradable resources) within family and non-family firms. Compared to non-family firms, we argue that family firms are able to combine a particular type of heterogeneous initial resource (i.e. familiness) with homogeneous tradable resources acquired in the market. This question is tested using a panel of family and non-family Spanish manufacturing firms for the period 1990 to 2010. As a result, this study contributes to the literature on RBT, extending previous theoretical and empirical research in this stream.
The impact of corporate sustainability and digitalization on international banks’ performance
(Wiley, 2020) Forcadell, Francisco Javier; Aracil, Elisa; Ubeda, Fernando
We analyse the implications for international banks of two contemporary megatrends: corporate sustainability (CS) and digital-ization. The digital environment and the availability of massive data from customers generate asymmetric information forbanks to the detriment of customers, who experience individual vulnerabilities such as privacy rights. This can hinder the posi-tive influence of digitalization in banks’performance, with relevant managerial and political implications. In this context, thereputation generated by CS strategies can constitute a credence factor that reduces customers’fears of opportunistic behaviorand information asymmetries. We test andfind support for our hypothesis over a panel data of large international banks fromdeveloped countries. Ourfindings shed light on the mutual reinforcement of CS and digitalization strategies in enhancingbanks’market performance and efficiency
The sustainable practices of multinational banks as drivers of financial inclusion in developing countries
(Elsevier, 2023) Ubeda, Fernando; Méndez, Alvaro; Forcadell, Francisco Javier
Lack of access to banking generates inequality in the developing world; therefore, financial inclusion is a crucial objective of the Sustainable Development Goals. We investigate the impact of sustainable practices of multinational banks (MNBs) on financial inclusion. A sample of 275 MNBs, 16 developing countries, and 16,618 individuals yield robust evidence confirming the positive effect of such practices on financial inclusion. Specifically, we find that as MNBs become sustainable, the use of mobile banking intensifies. This finding is consequential because mobile banking is one of the most powerful means to achieve financial inclusion in the developing world.