We compare characteristics of the banks’ specialization (cooperative versus non-cooperative) at the world level in a time spell including the global financial crisis. Cooperative banks display higher net loans/total assets ratios, lower shares of derivatives over total assets and lower earning volatility than commercial banks. With a diff-in-diff approach we test whether the global financial crisis produced convergence/divergence in these indicators. We finally document that, in a conditional convergence specification, the net loans/total assets ratio is positively and significantly correlated with value added growth in some manufacturing sectors but not in others.

Becchetti, L., Ciciretti, R., & Paolantonio, A. (2016). The cooperative bank difference before and after the global financial crisis. JOURNAL OF INTERNATIONAL MONEY AND FINANCE, 69, 224-246 [10.1016/j.jimonfin.2016.06.016].

The cooperative bank difference before and after the global financial crisis

BECCHETTI, LEONARDO;CICIRETTI, ROCCO;PAOLANTONIO, ADRIANA
2016

Abstract

We compare characteristics of the banks’ specialization (cooperative versus non-cooperative) at the world level in a time spell including the global financial crisis. Cooperative banks display higher net loans/total assets ratios, lower shares of derivatives over total assets and lower earning volatility than commercial banks. With a diff-in-diff approach we test whether the global financial crisis produced convergence/divergence in these indicators. We finally document that, in a conditional convergence specification, the net loans/total assets ratio is positively and significantly correlated with value added growth in some manufacturing sectors but not in others.
Pubblicato
Rilevanza internazionale
Articolo
Esperti anonimi
Settore SECS-P/02 - Politica Economica
English
bank specialization; value added; global financial crisis
Becchetti, L., Ciciretti, R., & Paolantonio, A. (2016). The cooperative bank difference before and after the global financial crisis. JOURNAL OF INTERNATIONAL MONEY AND FINANCE, 69, 224-246 [10.1016/j.jimonfin.2016.06.016].
Becchetti, L; Ciciretti, R; Paolantonio, A
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/2108/165218
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