Efficiency and expense preference in the colombian financial cooperative sector
| Autor: | Barona, Bernardo, Zuluaga Díaz, Blanca Cecilia, Caicedo, Edinson |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2008 |
| Předmět: | |
| Zdroj: | Repositorio ICESI Universidad ICESI instacron:Universidad ICESI |
| Popis: | This paper explores the expense preference behaviour in Colombian financial cooperatives. Our findings indicate that small cooperatives seem to use a production technology that is different from that of large ones, high-leverage cooperatives appear to use a technology that is different from that of low-leverage cooperatives, and managers of larger units exhibit separable-expense behaviour, while managers from lower-leverage units exhibit joint-expense preference behaviour. These results suggest that, in Colombia, a merger of small cooperatives into larger ones is a decision that should either not be promoted or carefully analyzed before being taken, in order to clearly detect all the possible benefits that might counterbalance managers' expense preference behaviour. © Canadian Association for the Study of International Development, 2009. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|