Cooperative banks: What do we know about competition and risk preferences?
| Autor: | Davide Salvatore Mare, Nemanja Radic, Ephraim Clark |
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| Přispěvatelé: | Clark, Ephraim, Mare, Davide Salvatore, Radic‡, Nemanja |
| Rok vydání: | 2018 |
| Předmět: |
Economics and Econometrics
Solvency diversification 050208 finance Financial stability market structure 05 social sciences Loan market Diversification (finance) Financial system Business model Market structure Cooperative bank 0502 economics and business Financial crisis Economics Market power 050207 economics bank risk-taking competition Finance cooperative banks |
| Zdroj: | Clark, E, Mare, D & Radic, N 2018, ' Cooperative banks : What do we know about competition and risk preferences? ', Journal of International Financial Markets, Institutions and Money, vol. 52, pp. 90-101 . https://doi.org/10.1016/j.intfin.2017.09.008 |
| ISSN: | 1042-4431 |
| DOI: | 10.1016/j.intfin.2017.09.008 |
| Popis: | In the wake of the Global Financial Crisis the discussion on preventive regulatory policies has generally overlooked the role of different business models and goals. Credit institutions with mutual objectives are a case in point that is the object of this study, which focuses on the relationship between competition and financial stability in European cooperative banking between 2006 and 2014. Our results show that there exists a hump-shaped relationship between market power and stability, particularly in the loan market. Interestingly, we also find that, diversification in assets and liabilities significantly increases cooperative banks’ solvency. |
| Databáze: | OpenAIRE |
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