Local finance-growth nexus: Does bank ownership matter?

Masanori Ohkuma () and Teruo Mori ()
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Masanori Ohkuma: Faculty of Education and Integrated Arts and Sciences, Waseda University
Teruo Mori: Faculty of Political Science and Economics, Waseda University

Economics Bulletin, 2011, vol. 31, issue 1, 613-622

Abstract: This paper examines the effects of the ownership form of banks on the finance-growth nexus in Japan. If the cooperative ownership of banks has comparative advantages in local financial development, the failure of a cooperative bank should be more harmful than that of a commercial bank. The evidence in this paper, however, provokes skepticism to this view, suggesting less efficient operation of some cooperative banks in local communities probably due to weak mechanisms for management discipline.

Keywords: Banking crisis; Cooperative bank; Bank ownership; Financial development; Local growth; Japan (search for similar items in EconPapers)
JEL-codes: G0 O1 (search for similar items in EconPapers)
Date: 2011-02-17
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