Aplicación de las técnicas multivariantes al sector bancario español : el caso de las entidades afectadas por la restructuración (2008 - 2009)

This study aims to analyze the Spanish financial entities that were bailout by the European Union with the main objective to discern the different char- acteristics among them and find out the reasons why in some cases some of them were merged, in other were taken over and in the most problematic cases, needed public funds. Although most of them were saving banks, this paper is not limited to them as the process also affected some banks. The main question is if the financial and accounting information should have been relevant in order to determine the ending situation. However, the re- sults lead to a different conclusion. Applying some statistical techniques (ANOVA, principal component analysis and cluster), the results show that it is not possible to group those entities by common characteristics and, therefore, the information used in this research has not been crucial for the subsequent development of these institutions.