The Cooperative Bank Difference Before and After the Global Financial Crisis

43 Pages Posted: 19 Apr 2014 Last revised: 24 Nov 2015

See all articles by Leonardo Becchetti

Leonardo Becchetti

University of Rome Tor Vergata - Faculty of Economics

Rocco Ciciretti

Tor Vergata University of Rome - Department of Economics and Finance

Adriana Paolantonio

United Nations - Food and Agriculture Organization (FAO)

Multiple version iconThere are 2 versions of this paper

Date Written: April 17, 2014

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

JEL Classification: G21, O40, E44

Suggested Citation

Becchetti, Leonardo and Ciciretti, Rocco and Paolantonio, Adriana, The Cooperative Bank Difference Before and After the Global Financial Crisis (April 17, 2014). CEIS Working Paper No. 313. Available at SSRN: https://ssrn.com/abstract=2426190 or http://dx.doi.org/10.2139/ssrn.2426190

Leonardo Becchetti

University of Rome Tor Vergata - Faculty of Economics ( email )

Via Columbia, 2
I-00133 Rome
Italy

Rocco Ciciretti (Contact Author)

Tor Vergata University of Rome - Department of Economics and Finance ( email )

Via Columbia, 2
Roma, 00133
Italy
+39 06 72595925 (Phone)

HOME PAGE: http://www.roccociciretti.com/

Adriana Paolantonio

United Nations - Food and Agriculture Organization (FAO) ( email )

Viale delle Terme di Caracalla
Rome, Lazio 00100
ITALY

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