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The cooperative bank difference before and after the global financial crisis

Leonardo Becchetti (), Rocco Ciciretti () and Adriana Paolantonio

Journal of International Money and Finance, 2016, vol. 69, issue C, 224-246

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.

Keywords: Bank specialization; Value added; Global financial crisis (search for similar items in EconPapers)
JEL-codes: G21 O40 E44 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jimfin:v:69:y:2016:i:c:p:224-246

DOI: 10.1016/j.jimonfin.2016.06.016

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