SOCIAL AND FINANCIAL INVESTMENT IN VENEZUELAN SAVING BANKS

• Published in: Compendium Vol. 12; no. 22; p. 45
• Main Authors: Torrealba Urdaneta, Gloria Mórela, Rodríguez González, Ricardo
• Format: Journal Article
• Language: Spanish
• Published: Barquisimento Decanato de Ciencias Económicas y Empresariales de la Universidad Centroccidental Lisandro Alvarado 01.07.2009
• Subjects: Investments; Savings
• ISSN: 1317-6099; 2477-9725

This project explores the proportion in which venezuelan savings banks assign funds to social and financial investment, as well as the relationship between this behavior and the size of the studied organizations (measured by the volume of assets) and the origin sector of them. This quantitative study is based on data taken from financial status of 62 saving banks all over the country, selected at random and studied for four years (from 2002 to 2005). To validate the research hypothesis, some media contrast tests were applied. The result showed that venezuelan saving banks have a predominant financial investment over the social one. On the other hand, taking into account the size "factor", it was confirmed that in the big entities, the fund distribution between the two investment modalities is equitable, which is not observe in the medium and small entities. Finally, in relation to the sector fund, it was confirmed that private organizations have a higher financial investment compared with public organizations, but in social investment there is an opposite tendency. The study concluded that fund distribution in Venezuelan saving banks does not favor priority of social objectives, as a value to rule Social Economy entities, so that it is important to consider the factors that can contribute to revert this situation, giving an impulse to social investment in the studied entities.