Vicente Salas-Fumás

University of Zaragoza - Department of Business Administration and Organization

Dr. Cerrada 1

5005 Zaragoza

Spain

SCHOLARLY PAPERS

46

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SSRN CITATIONS
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Top 3,989

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98

CROSSREF CITATIONS

241

Scholarly Papers (46)

1.

Governance Mechanisms in Spanish Banks: Does Ownership Matter?

Number of pages: 42 Posted: 01 Apr 2003
Universitat Illes Balears (UIB), Dep. Economia i Empresa, Universitat Autonoma de Barcelona (UAB) - Department d'Economia de l'Empresa and University of Zaragoza - Department of Business Administration and Organization
Downloads 1,210 (21,963)
Citation 12

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Corporate governance, commercial and savings banks, executive turnover, mergers and acquisitions

2.

How do Intangible Assets Create Economic Value? An Application to Banks

Banco de España Research Paper No. WP-0730
Number of pages: 38 Posted: 11 Oct 2007
Alfredo Martín‐Oliver and Vicente Salas-Fumás
University of the Balearic Islands and University of Zaragoza - Department of Business Administration and Organization
Downloads 755 (42,788)
Citation 3

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Intangibles, IT capital, adjustment costs, valuation of banks, investment of banks

Earnings and Capital Management in Alternative Loan Loss Provision Regulatory Regimes

Banco de Espana Research Paper No. WP-0614
Number of pages: 33 Posted: 27 Jul 2006
Jesus Saurina Salas, Daniel Perez and Vicente Salas-Fumás
Banco de España, Banco de España and University of Zaragoza - Department of Business Administration and Organization
Downloads 701 (46,618)
Citation 8

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income smoothing, capital management, IFRS/IAS, Basel II

Earnings and Capital Management in Alternative Loan Loss Provision Regulatory Regimes

European Accounting Review, Forthcoming
Posted: 22 Jan 2008
Daniel Perez, Jesus Saurina Salas and Vicente Salas-Fumás
Banco de España, Banco de España and University of Zaragoza - Department of Business Administration and Organization

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income smoothing, capital management, IFRS, Basel II

4.

Determinants of Collateral

Number of pages: 49 Posted: 19 Jul 2004
Jesus Saurina Salas, Vicente Salas-Fumás and Gabriel Jiménez
Banco de España, University of Zaragoza - Department of Business Administration and Organization and Banco de España
Downloads 467 (78,992)
Citation 55

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collateral, asymmetric information, relationship banking, competition, business cycle

5.

Economics of the Stakeholders' Firm

ECGI - Finance Working Paper No. 115/2006
Number of pages: 41 Posted: 31 Jan 2006
Vicente Salas-Fumás
University of Zaragoza - Department of Business Administration and Organization
Downloads 370 (103,528)

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Workers and shareholders contracting, knowledge investments, governance

6.

Entrepreneurship, Management Services and Economic Growth

Number of pages: 36 Posted: 30 Jan 2006
Vicente Salas-Fumás and J. Javier Sanchez-Asin
University of Zaragoza - Department of Business Administration and Organization and University of Zaragoza - Department of Business Administration and Organization
Downloads 238 (164,685)
Citation 1

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Entrepreneurial Quality, Entreprenurship, Productivity Growth, Economic Development, OECD Countries

7.

Do Dynamic Provisions Reduce Income Smoothing Using Loan Loss Provisions?

Banco de Espana Working Paper No. 1118
Number of pages: 30 Posted: 14 Sep 2011
Daniel Perez, Vicente Salas-Fumás and Jesus Saurina Salas
Banco de España, University of Zaragoza - Department of Business Administration and Organization and Banco de España
Downloads 204 (190,445)
Citation 58

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income smoothing, earnings management, transparency, countercyclical provisioning

8.

Las Sociedades No Financieras en España en la Crisis: Rentabilidad, Inversión y Endeudamiento (Spanish Non-Financial Corporations in the Crisis: Profitability, Investment and Leverage)

Number of pages: 38 Posted: 15 May 2014
Vicente Salas-Fumás
University of Zaragoza - Department of Business Administration and Organization
Downloads 202 (192,216)
Citation 1

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Profitability, investment, leverage, Spanish non Financial Corporations, Crisis separated

9.

Credit Market Competition, Collateral and Firms' Finance

Banco de Espana Research Paper No. WP-0612
Number of pages: 28 Posted: 25 May 2006
Jesus Saurina Salas, Gabriel Jiménez and Vicente Salas-Fumás
Banco de España, Banco de España and University of Zaragoza - Department of Business Administration and Organization
Downloads 175 (218,244)

Abstract:

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collateral, competition, asymmetric information, relationship banking

10.

The Contribution of Physical, Information Technology and Advertising Capital to Output and Value of Bank Services

Number of pages: 39 Posted: 13 Feb 2007
Alfredo Martín‐Oliver and Vicente Salas-Fumás
University of the Balearic Islands and University of Zaragoza - Department of Business Administration and Organization
Downloads 149 (249,696)

Abstract:

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IT capital, output growth, economic value, banks

11.

Options Contracts with Costly Effort

Number of pages: 17 Posted: 03 Feb 2003
Oscar Gutiérrez Arnáiz and Vicente Salas-Fumás
University of Zaragoza and University of Zaragoza - Department of Business Administration and Organization
Downloads 141 (260,970)

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Agency theory, Stock options, Contingent compensation, Risk aversion, Cost of effort

12.

The Output and Profit Contribution of Information Technology and Advertising Investments in Banks

Banco de España Working Paper No. 0740
Number of pages: 39 Posted: 17 Jan 2008
Alfredo Martín‐Oliver and Vicente Salas-Fumás
University of the Balearic Islands and University of Zaragoza - Department of Business Administration and Organization
Downloads 128 (281,077)
Citation 2

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IT capital, advertising, output growth, rate of return, banks

13.

Determinants of Diversification for Non-Life Insurance Companies in Spain

Number of pages: 49 Posted: 16 Jun 2016
Sonia Chopo-Murillo, María Rubio-Misas and Vicente Salas-Fumás
Centro Universitario de la Defensa de Zaragoza, University of Malaga - Finance & Accounting and University of Zaragoza - Department of Business Administration and Organization
Downloads 117 (300,138)

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product diversification, non-life insurance, Spanish insurance industry, organizational form

14.

I.T. Investment and Intangibles: Evidence from Banks

Banco de Espana Working Paper No. 1020
Number of pages: 34 Posted: 01 Jul 2010
Alfredo Martín‐Oliver and Vicente Salas-Fumás
University of the Balearic Islands and University of Zaragoza - Department of Business Administration and Organization
Downloads 106 (321,542)

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multi-asset firm, investment, intangible assets, banks

15.

The Fall of Spanish Cajas: Lessons of Ownership and Governance for Banks

Journal of Financial Stability, Forthcoming
Number of pages: 51 Posted: 16 Dec 2014 Last Revised: 18 Feb 2017
Alfredo Martín‐Oliver, Sonia Ruano and Vicente Salas-Fumás
University of the Balearic Islands, Banco de España and University of Zaragoza - Department of Business Administration and Organization
Downloads 98 (338,554)
Citation 8

Abstract:

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Ownership of banks, governance, banking crisis, Spain, cajas, business models

16.

The Heterogeneous Self-Employed in Occupational Choice Models with Market Frictions

Number of pages: 42 Posted: 15 Jun 2012
Vicente Salas-Fumás, J. Javier Sanchez-Asin and Luis Medrano-Adan
University of Zaragoza - Department of Business Administration and Organization, University of Zaragoza - Department of Business Administration and Organization and Centro Universitario de la Defensa (Zaragoza)
Downloads 89 (359,841)

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Occupational choices, voluntary and involuntary self-employment, entrepreneurship, entrepreneurial skills

17.

Number of Self-Employed or Number of Firms as Measures of Entrepreneurship: Does it Matter?

Number of pages: 46 Posted: 29 Nov 2009
Vicente Salas-Fumás and J. Javier Sanchez-Asin
University of Zaragoza - Department of Business Administration and Organization and University of Zaragoza - Department of Business Administration and Organization
Downloads 86 (367,566)

Abstract:

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Entrepreneurship measurement, self-employment, number of firms, economic growth

18.

Organizational Distance and Use of Collateral for Business Loans

Number of pages: 33 Posted: 26 Aug 2008
Jesus Saurina Salas, Vicente Salas-Fumás and Gabriel Jiménez
Banco de España, University of Zaragoza - Department of Business Administration and Organization and Banco de España
Downloads 79 (386,561)
Citation 2

Abstract:

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G21, L22

19.

Social Capital and the Equilibrium Number of Entrepreneurs

Number of pages: 36 Posted: 29 May 2011 Last Revised: 19 Jul 2012
Vicente Salas-Fumás and J. Javier Sanchez-Asin
University of Zaragoza - Department of Business Administration and Organization and University of Zaragoza - Department of Business Administration and Organization
Downloads 76 (395,158)

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Social capital; entrepreneurship; occupational choices; self-employment; organization of firms

20.

Effects of Equity Capital on the Interest Rate and the Demand for Credit: Empirical Evidence from Spanish Banks

Banco de Espana Working Paper No. 1218
Number of pages: 36 Posted: 28 Apr 2012
Alfredo Martín‐Oliver, Sonia Ruano and Vicente Salas-Fumás
University of the Balearic Islands, Banco de España and University of Zaragoza - Department of Business Administration and Organization
Downloads 72 (407,228)
Citation 41

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Bank capital regulation, Basel III, bank lending rates, demand for credit

21.

Entrepreneurs and Welfare in Economies with Employers and Own Account Self-Employed

Number of pages: 44 Posted: 06 Feb 2009 Last Revised: 06 Jul 2009
Vicente Salas-Fumás and J. Javier Sanchez-Asin
University of Zaragoza - Department of Business Administration and Organization and University of Zaragoza - Department of Business Administration and Organization
Downloads 72 (407,228)
Citation 2

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Occupational choice, entrepreneurship, entrepreneurial ability, productivity

22.

The Joint Size and Ownership Specialization in Banks' Lending

Banco de Espana Research Paper No. WP-0606
Number of pages: 40 Posted: 08 May 2006
Javier Delgado, Jesus Saurina Salas and Vicente Salas-Fumás
Banco de España, Banco de España and University of Zaragoza - Department of Business Administration and Organization
Downloads 72 (407,228)
Citation 51

Abstract:

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bank specialization, transactional lending, relational lending, ownership form

23.

Organizational Capital Revisited - How Adjustment Costs from Investment in IT Turn into Economic Value

Number of pages: 43 Posted: 09 Feb 2009 Last Revised: 07 Jul 2009
Vicente Salas-Fumás and Alfredo Martín‐Oliver
University of Zaragoza - Department of Business Administration and Organization and University of the Balearic Islands
Downloads 71 (410,379)

Abstract:

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Intangible assets, economic rents, organization capital, adjustment costs, IT investment

24.

Measurement of Capital Stock and Input Services of Spanish Banks

Banco de España Research Paper No. WP-0711
Number of pages: 48 Posted: 08 May 2007
Jesus Saurina Salas, Alfredo Martín‐Oliver and Vicente Salas-Fumás
Banco de España, University of the Balearic Islands and University of Zaragoza - Department of Business Administration and Organization
Downloads 70 (413,450)
Citation 2

Abstract:

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Spanish banks, intangible assets, cost of capital services

25.

Dilatoriness of the Banking Enterprise Debt in Spain, 1992-2003 (Morosidad De La Deuda Empresarial Bancaria En EspañA, 1992-2003)

Banco de Espana Research Paper No. WP-0622
Number of pages: 54 Posted: 03 Oct 2006
Sonia Ruano and Vicente Salas-Fumás
Banco de España and University of Zaragoza - Department of Business Administration and Organization
Downloads 70 (413,450)
Citation 1

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default of bank debt, non financial firms, Heckman's selection model, financial stability, financial distress

26.

Beneficios, Ahorro e Inversión de las SNF en España: 2000-2014 (Profits, Saving and Investment of Corporate Sector in Spain: 2000-2014)

Number of pages: 28 Posted: 23 Feb 2016 Last Revised: 26 Feb 2016
Vicente Salas-Fumás and Ignacio Santillana del Barrio
University of Zaragoza - Department of Business Administration and Organization and University Autonoma of Madrid
Downloads 64 (433,427)

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Profits, corporate saving glut, investment, Spanish Non Financial Corporations

27.

Productivity of Banks: Implications for Interest Rates, Economic Profits and Branches.

Number of pages: 42 Posted: 12 Jul 2014
Alfredo Martín‐Oliver, Sonia Ruano and Vicente Salas-Fumás
University of the Balearic Islands, Banco de España and University of Zaragoza - Department of Business Administration and Organization
Downloads 56 (462,339)

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banking spatial competition, bank-branch productivity, interest rates, branches dynamics, bank’s economic profits.

28.

Search Cost and Price Dispersion in Vertically Related Markets: The Case of Bank Loans and Deposits

Banco de Espana Working Paper No. 0825
Number of pages: 29 Posted: 17 Dec 2008
Alfredo Martín‐Oliver, Vicente Salas-Fumás and Jesus Saurina Salas
University of the Balearic Islands, University of Zaragoza - Department of Business Administration and Organization and Banco de España
Downloads 50 (486,081)
Citation 44

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Interest rate dispersion, market structure, search costs

29.

Joint Size and Ownership Specialization in Bank Lending

Number of pages: 43 Posted: 02 Mar 2006
Jesus Saurina Salas, Javier Delgado and Vicente Salas-Fumás
Banco de España, Banco de España and University of Zaragoza - Department of Business Administration and Organization
Downloads 49 (490,221)

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bank specialization, transactional lending, relational lending, ownership form

30.

Why Did High Productivity Growth of Banks Precede the Financial Crisis?

Banco de Espana Working Paper No. 1239
Number of pages: 46 Posted: 15 Dec 2012
Alfredo Martín‐Oliver, Sonia Ruano and Vicente Salas-Fumás
University of the Balearic Islands, Banco de España and University of Zaragoza - Department of Business Administration and Organization
Downloads 43 (516,720)
Citation 42

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productivity of banks, financial stability production function, IT capital, simultaneity bias

The Competitive Advantage of Firms in Environments of Restricted Bargaining and Adjustment Costs

Number of pages: 28 Posted: 21 Mar 2012
Vicente Salas-Fumás
University of Zaragoza - Department of Business Administration and Organization
Downloads 40 (542,182)

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Competitive advantage, value creation, unrestricted and restricted bargaining, adjustment cost

The Competitive Advantage of Firms in Environments of Restricted Bargaining and Adjustment Costs

Posted: 18 Mar 2012
Vicente Salas-Fumás
University of Zaragoza - Department of Business Administration and Organization

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competitive advantage, value creation, unrestricted and restricted bargaining, adjustment cost

32.

The Distribution of Firm Sizes from Occupational Choice: Theory and Empirical Implications

Number of pages: 46 Posted: 22 Sep 2015
Luis Medrano-Adan, Vicente Salas-Fumás and J. Javier Sanchez-Asin
Centro Universitario de la Defensa (Zaragoza), University of Zaragoza - Department of Business Administration and Organization and University of Zaragoza - Department of Business Administration and Organization
Downloads 38 (540,901)
Citation 1

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Distribution of firm sizes, missing middle, productivity differences of firms, power functions, and occupational choices

33.

The Bank Branch Exit Game

Number of pages: 34 Posted: 23 Jan 2021
Alfredo Martín‐Oliver, Jozsef Sakovics and Vicente Salas-Fumás
University of the Balearic Islands, The University of Edinburgh and University of Zaragoza - Department of Business Administration and Organization
Downloads 35 (556,409)

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banks, plant exit, war of attrition, chain-store effects, industry restructuring

34.

Corporate Cost and Profit Shares in the Euro Area and the US: The Same Story?

Banco de Espana Working Paper No. 1833
Number of pages: 69 Posted: 15 Oct 2018
Vicente Salas-Fumás, Lucio San Juan and Javier Vallés
University of Zaragoza - Department of Business Administration and Organization, Banco de España and Banco de España
Downloads 34 (561,771)
Citation 3

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labour and capital cost shares, economic profit shares, elasticity of substitution between labour and capital, market power, euro area countries and the US.

35.

Nash Bargaining and Strategy

Number of pages: 41 Posted: 15 Jan 2020
Vicente Salas-Fumás
University of Zaragoza - Department of Business Administration and Organization
Downloads 33 (567,236)
Citation 1

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Value capture, stakeholders theory, strategy, Nash bargaining, transaction costs

36.

The Financial and Real Performance of Non-Financial Corporations in the Euro Area: 1999-2015

Banco de Espana Occasional Paper No. 1708
Number of pages: 50 Posted: 10 Jan 2018
Vicente Salas-Fumás, Lucio San Juan and Javier Vallés
University of Zaragoza - Department of Business Administration and Organization, Banco de España and Banco de España
Downloads 29 (590,117)
Citation 1

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Non-financial corporations, Sectoral National Accounts, financial performance, rates of return of assets and equity, euro area

37.

Market Income Inequality from Occupational Choice

Number of pages: 36 Posted: 02 Mar 2016
Luis Medrano-Adan, Vicente Salas-Fumás and J. Javier Sanchez-Asin
Centro Universitario de la Defensa (Zaragoza), University of Zaragoza - Department of Business Administration and Organization and University of Zaragoza - Department of Business Administration and Organization
Downloads 28 (596,293)
Citation 1

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Income inequality, occupational choice, organization of production, scale economies of skills, organizational size diseconomies, and minimum wages.

38.

Productivity and Welfare: An Application to the Spanish Banking Industry

Banco de Espana Working Paper No. 1426
Number of pages: 43 Posted: 29 Oct 2014
Alfredo Martín‐Oliver, Sonia Ruano and Vicente Salas-Fumás
University of the Balearic Islands, Banco de España and University of Zaragoza - Department of Business Administration and Organization
Downloads 28 (596,293)
Citation 1

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banking spatial competition, bank branch productivity, interest rates, branch dynamics, bank economic profits

39.

Does Firm Size Really Follow a Power Law?

Number of pages: 32 Posted: 03 Apr 2019
Luis Medrano-Adan and Vicente Salas-Fumás
Centro Universitario de la Defensa (Zaragoza) and University of Zaragoza - Department of Business Administration and Organization
Downloads 24 (622,568)

Abstract:

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Distribution of firm size, power law, occupational choices

40.

The Spanish Corporate Sector in the Crisis: 2000-2014

Number of pages: 65 Posted: 23 Jun 2016
Vicente Salas-Fumás and Ignacio Santillana del Barrio
University of Zaragoza - Department of Business Administration and Organization and University Autonoma of Madrid
Downloads 23 (629,428)

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Corporate sector, Spain, Euro, Crisis, Profits, Investment

41.

Compensation Dispersion Between and Within Hierarchical Levels

Journal of Economics & Management Strategy, Vol. 16, No. 1, pp. 53-79, Spring 2007
Number of pages: 27 Posted: 18 Jan 2007
Pedro Ortín-Ángel and Vicente Salas-Fumás
Autonomous University of Barcelona - Faculty of Economics and Business Studies and University of Zaragoza - Department of Business Administration and Organization
Downloads 23 (629,428)
Citation 1
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42.

Does the Dispersion of Skills Explain Inequality in Market Labor Income? An Analysis From Occupational Choice Models

Number of pages: 56 Posted: 14 Nov 2018
Luis Medrano-Adan, Vicente Salas-Fumás and J. Javier Sanchez-Asin
Centro Universitario de la Defensa (Zaragoza), University of Zaragoza - Department of Business Administration and Organization and University of Zaragoza - Department of Business Administration and Organization
Downloads 17 (672,171)

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Income Inequality, Occupational Choice, Scale Economies of Skills, Organizational Size Diseconomies and Minimum Wage

Occupational Choice, Number of Entrepreneurs and Output: Theory and Empirical Evidence with Spanish Data

SWPS 2013-13
Number of pages: 33 Posted: 24 Feb 2016
Vicente Salas-Fumás, J. Javier Sanchez-Asin and David Storey
University of Zaragoza - Department of Business Administration and Organization, University of Zaragoza - Department of Business Administration and Organization and University of Sussex - School of Business, Management and Economics
Downloads 15 (712,100)
Citation 4

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Occupational Choice, Number of Entrepreneurs and Output: Theory and Empirical Evidence with Spanish Data

Science and Technology Policy Research, Working Paper Series No. 2013-13
Posted: 24 Feb 2016 Last Revised: 01 Mar 2016
Vicente Salas-Fumás, J. Javier Sanchez-Asin and David Storey
University of Zaragoza - Department of Business Administration and Organization, University of Zaragoza - Department of Business Administration and Organization and University of Sussex - School of Business, Management and Economics

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44.

IT Investment and Intangibles: Evidence from Banks

Review of Income and Wealth, Vol. 57, Issue 3, pp. 513-535, 2011
Number of pages: 23 Posted: 28 Jul 2011
Alfredo Martín‐Oliver and Vicente Salas-Fumás
University of the Balearic Islands and University of Zaragoza - Department of Business Administration and Organization
Downloads 1 (802,241)
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45.

Options in Agency with Binary Uncertainty

The Manchester School, Vol. 82, Issue 2, pp. 218-236, 2014
Number of pages: 19 Posted: 19 Feb 2014
Óscar Gutiérrez and Vicente Salas-Fumás
Autonomous University of Barcelona and University of Zaragoza - Department of Business Administration and Organization
Downloads 0 (819,510)
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46.

Credit Risk in Two Institutional Regimes: Spanish Commercial and Savings Banks

Posted: 08 Mar 2003
Jesus Saurina Salas and Vicente Salas-Fumás
Banco de España and University of Zaragoza - Department of Business Administration and Organization

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Credit risk, problem loans, commercial and savings banks