TY - JOUR
T1 - Are cooperative banks a lever for promoting bank stability? Evidence from the recent financial crisis in OECD countries
AU - Chiaramonte, Laura
AU - Poli, Federica
AU - Oriani, Marco Ercole
PY - 2015
Y1 - 2015
N2 - Based on a sample of cooperative, savings, and commercial banks from OECD\r\ncountries, this paper examines whether and to what extent cooperative banks\r\naffected average bank soundness during 2001–2010. To account for the impact of\r\nthe recent financial crisis, we analyse separately the pre‐crisis period (2001–2006)\r\nand crisis years (2007–2010). Unlike published claims that blame the fragility of\r\nbanking systems on the presence of non–profit‐maximising entities, our main\r\nfinding is that cooperative banks have explanatory power for stabilisation during\r\nthe crisis years, but only above a certain market share threshold
AB - Based on a sample of cooperative, savings, and commercial banks from OECD\r\ncountries, this paper examines whether and to what extent cooperative banks\r\naffected average bank soundness during 2001–2010. To account for the impact of\r\nthe recent financial crisis, we analyse separately the pre‐crisis period (2001–2006)\r\nand crisis years (2007–2010). Unlike published claims that blame the fragility of\r\nbanking systems on the presence of non–profit‐maximising entities, our main\r\nfinding is that cooperative banks have explanatory power for stabilisation during\r\nthe crisis years, but only above a certain market share threshold
KW - cooperative banks
KW - financial crisis
KW - financial stability
KW - z-score
KW - cooperative banks
KW - financial crisis
KW - financial stability
KW - z-score
UR - https://publicatt.unicatt.it/handle/10807/50421
UR - https://www.scopus.com/inward/citedby.uri?partnerID=HzOxMe3b&scp=84930039274&origin=inward
UR - https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=84930039274&origin=inward
U2 - 10.1111/j.1468-036X.2013.12026.x
DO - 10.1111/j.1468-036X.2013.12026.x
M3 - Article
SN - 1468-036X
VL - 21
SP - 491
EP - 523
JO - European Financial Management
JF - European Financial Management
IS - 3
ER -