Le statut de coopérative est-il source d'efficacité dans le secteur bancaire ?

Mireille Jaeger (), Jean-Noël Ory () and Emmanuelle Gurtner ()
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Mireille Jaeger: CEREFIGE - Centre Européen de Recherche en Economie Financière et Gestion des Entreprises - UL - Université de Lorraine
Jean-Noël Ory: CEREFIGE - Centre Européen de Recherche en Economie Financière et Gestion des Entreprises - UL - Université de Lorraine
Emmanuelle Gurtner: CEREFIGE - Centre Européen de Recherche en Economie Financière et Gestion des Entreprises - UL - Université de Lorraine

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Abstract: Is the cooperative ownership structure a factor of efficiency in banking firms ? Some economists, especially American, consider that cooperative banks operate inefficiently, and that they will disappear. Using the same analysis than these authors, we try, in this paper, to explain the good performances of cooperative banks in France, comparing to stock banks. The relevant criterion which allows to set apart cooperative banks from stock banks is the ownership structure, and not the existence of a common bond. We then develop the consequences of the cooperative ownership structure of financial institutions. Cooperative banks appear to be able to compete efficiently with stock banks, even if the aim of the organisation is not the maximisation of the profitability for the capital owners.

Date: 2002
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Published in Revue d'économie financière, 2002, 67, pp. 133-163. ⟨10.3406/ecofi.2002.3578⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03371287

DOI: 10.3406/ecofi.2002.3578

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