Are cooperative banks a lever for promoting bank stability? Evidence from the recent financial crisis in OECD countries

Risultato della ricerca: Contributo in rivistaArticolo in rivistapeer review

30 Citazioni (Scopus)

Abstract

Based on a sample of cooperative, savings, and commercial banks from OECD countries, this paper examines whether and to what extent cooperative banks affected average bank soundness during 2001–2010. To account for the impact of the recent financial crisis, we analyse separately the pre‐crisis period (2001–2006) and crisis years (2007–2010). Unlike published claims that blame the fragility of banking systems on the presence of non–profit‐maximising entities, our main finding is that cooperative banks have explanatory power for stabilisation during the crisis years, but only above a certain market share threshold
Lingua originaleEnglish
pagine (da-a)491-523
Numero di pagine33
RivistaEuropean Financial Management
Volume21
Stato di pubblicazionePubblicato - 2015

Keywords

  • cooperative banks
  • financial crisis
  • financial stability
  • z-score

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