Are Cooperatives Banks More Resilient? A Comparative Analysis of Cooperative and Non-Cooperative Banks between 2005 and 2014
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2019
- ISIDORE Id: 10670/1.2817e8...
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Credit cooperatives Cooperative banks People's banksCiter ce document
Guillaume Bazot et al., « Are Cooperatives Banks More Resilient? A Comparative Analysis of Cooperative and Non-Cooperative Banks between 2005 and 2014 », Revue d'économie financière, ID : 10670/1.2817e8...
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We compare the resistance of cooperative and non-cooperative banks from 2005 to 2014 based on Z-score analysis for 113 European banks. Our study shows that cooperative banks are more robust during crisis episodes (2008-2009 and 2011-2012). Systemic banks are less robust over this period, including during crises. However, despite lower capacities of resistance, systemic cooperative banks are significantly more robust than systemic non-cooperative banks. In contrast, non-systemic cooperative banks are not significantly more robust than non-systemic non-cooperative banks. Classification JEL: G01, G21, P13.
