The Cooperative Bank Difference Before and After the Global Financial Crisis

Posted: 7 Jan 2019

See all articles by Adriana Paolantonio

Adriana Paolantonio

Independent

Leonardo Becchetti

University of Rome Tor Vergata - Faculty of Economics

Rocco Ciciretti

Tor Vergata University of Rome - Department of Economics and Finance

Multiple version iconThere are 2 versions of this paper

Date Written: December 23, 2018

Abstract

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.

Suggested Citation

Paolantonio, Adriana and Becchetti, Leonardo and Ciciretti, Rocco, The Cooperative Bank Difference Before and After the Global Financial Crisis (December 23, 2018). Available at SSRN: https://ssrn.com/abstract=3305893

Adriana Paolantonio (Contact Author)

Independent ( email )

No Address Available

Leonardo Becchetti

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

Via Columbia, 2
I-00133 Rome
Italy

Rocco Ciciretti

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/

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