L’eterogeneità dei modelli organizzativi mutualistici in Europa. Quali impatti su scienza e redditività

The article aims to provide a contribution to the literature on cooperative \r\nbanks in Europe, investigating the relationship between their efficiency and the \r\nheterogeneity of cooperative banking models adopted in the different countries. \r\nThis is an area of research that, although considered crucial, is still little explored. \r\nThe evidence shows that European cooperative banks, with organizational \r\nmodels characterized by a lower degree of integration (operating as a network or \r\nInstitutional Protection Scheme, IPS), show better results in cost efficiency and \r\nmarket power. More integrated cooperative banks (Integrated Cooperative Networks, ICN),on the other hand, show worse cost e#ciency, but stand out for their \r\nhigher profitability. Finally, cooperative banks with the highest level of integration \r\n(Consolidated Cooperative, CCG) obtain fair results in reference to cost efficiency, \r\nbut disappoint in terms of market power.