Abstract

SANCHIS PALACIO, Joan Ramon  and  MELIAN NAVARRO, Amparo. Yield and efficiency of the financial organizations of social economy in Spain. Revista Venezolana de Gerencia [online]. 2009, vol.14, n.45, pp.24-41. ISSN 1315-9984.

The financial organizations of the Social Economy in Spain (savings banks, cooperatives of credit and sections of credit of cooperatives), at the same time as they maintain his character social differentiator, need to improve its levels of efficiency. The primary target is to realise a comparative analysis of the yield and the efficiency of this organizations, taking care of diverse indicators, during period 2002-2007. The methodology has consisted of the accomplishment of an empirical study based on the statistical treatment of its countable states, through the official statistics of the Bank of Spain and the obtained results of a work of field by means of questionnaire. The analysis demonstrates that the savings banks are most profitable and efficient, although as much the credit cooperatives as mainly the sections of credit of cooperatives have improved their levels, taking place an approach between the three classes of organizations. In conclusion, this organizations are realising an important effort from adaptation to the banking surroundings, that they will have to continue developing during the next years.

Keywords : Social economy; cooperatives; efficiency; yield; financial entities.