The cooperative bank difference before and after the global financial crisis
Leonardo Becchetti (),
Rocco Ciciretti () and
Journal of International Money and Finance, 2016, vol. 69, issue C, 224-246
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)
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Working Paper: The Cooperative Bank Difference Before and After the Global Financial Crisis (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jimfin:v:69:y:2016:i:c:p:224-246
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