The Cooperative Bank Difference Before and After the Global Financial Crisis

Leonardo Becchetti, Rocco Ciciretti and Adriana Paolantonio

No 313, CEIS Research Paper from Tor Vergata University, CEIS

Abstract: We compare characteristics of the banks’ specialization (cooperative versus non-cooperative) at 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: E44 G21 O40 (search for similar items in EconPapers)
Pages: 43 pages
Date: 2014-04-17, Revised 2015-11-23
New Economics Papers: this item is included in nep-ban, nep-cfn, nep-hme and nep-mac
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Journal Article: The cooperative bank difference before and after the global financial crisis (2016)
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