Cooperative banks and local economic growth

Coccorese, Paolo; Shaffer, Sherrill

doi:10.1080/00343404.2020.1802003

Cited by 38 publications

(20 citation statements)

References 51 publications

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“…Indeed, the findings of the two methodologies provide similar effects in terms of sign and statistical significance. The only exceptions are the direct effect of Funding div for the cost side model, which confirms Coccorese and Shaffer's (2020) findings that a less diversified fund strategy increases the cost inefficiency of Italian CCBs, and the indirect effect of Income div on the production side. Tables 13 and 14 report the estimated results.…”

Section: Robustness Check: Parametric Estimatessupporting

confidence: 81%

Spatial dependence in the technical efficiency of local banks

Algeri

Anselin

Forgione

et al. 2022

Papers in Regional Science

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Cooperative banks primarily compete with one another because they target niche markets that large banks typically ignore. The current study shows that in this competitive environment, the connection between financial intermediaries affects the operational efficiency of small banks. The findings indicate that the capitalization, diversification strategies, funding costs, liquidity, credit quality, and risk of bank neighbors have spillover effects on technical efficiency. Thus, bank networks trigger a cascading effect that demands the attention of bank stakeholders.

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Section: Robustness Check: Parametric Estimatessupporting

confidence: 81%

Spatial dependence in the technical efficiency of local banks

Algeri

Anselin

Forgione

et al. 2022

Papers in Regional Science

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“…Cooperative banks, on the other hand, are not restricted in this way. In both cases, the specific services they can provide to local and regional communities are seen as a strength (Coccorese and Shaffer, 2020).…”

Section: Sejmentioning

confidence: 99%

The impact of the cooperative structure on organizational social capital

Stoop

Brandsen

Helderman

2021

SEJ

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Purpose Most research into the relationship between social capital and cooperatives takes social capital as the independent variable and the cooperative as the dependent variable, but as yet the authors know little about causality in the other direction. The purpose of this paper is to examine whether the cooperative structure helps to maintain organizational social capital. Design/methodology/approach Semi-structured interviews were conducted with 46 participants from local banks (chairpersons, directors, managers, team leaders and human resources managers). Findings Although the cooperative structure formally remained in place, integration into financial markets and digitalization effectively disembedded the organization from its original social context. The cooperative model can only remain distinctive, in terms of how it relates to its clients, under certain institutional conditions. Practical implications The findings suggest that scaling, in response to changes in the institutional environment, was an important factor in changing the nature of the organization. Originality/value The paper contributes to the understanding of the social dynamics of cooperatives in the field of financial services.

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“…An abundance of the literature is present on the association between finance and economic growth (e.g., (King & Levine, 1993a;Levine, 1999Levine, , 2005). First, a large number of literature presented by (e.g., (Boot & Thakor, 1997;Coccorese & Shaffer, 2021;Diamond, 1984;Silva, Tabak, & Laiz, 2021;Stulz, 2000;Yanik, Binte Osman, & Ozturk, 2020) on banks role and allocation of capital for economic development; very few studies conducted with the perspective of stock market uniqueness and role in the allocation of funds and boosting market performance (e.g., (Allen, Gale, et al, 2000;Arestis, Demetriades, & Luintel, 2001;Sulong, Saleem, & Ahmed, 2018)). In addition, the empirical shreds of evidence are limited for equity market development for market performances.…”

Section: Literature Reviewmentioning

confidence: 99%

Impact of Stock Market and Bank Development on the Firm’s Growth: Evidence from Pakistan

Khan¹,

Mao²,

Haider³

et al. 2021

Int. j. bus. adm. stud

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Aim: Despite years of empirical research, the nexus between banks development and the stock market with economic growth is still controversial. This study examined the impact of the stock market and banks development on the firm's growth in Pakistan. The sector of non-financial firms chosen for analysis and financial firms ignored because of different structure. The sample of 45 firms listed on the Pakistan Stock Exchange (PSX) from the period of 2014-2019 used for the analysis. The sample has been selected based on the firm's market capitalisation and random effect model to estimate both institution development and firm growth. We controlled the firm's profitability, interest, and inflation. The results are robust to the Estimated Generalised Least Squares (EGLS) method. Results showed that significant positive relation exists between stock market development and firm growth, while a negative association exists between banks development and firm growth. Furthermore, control variables (profitability, interest, and inflation) have a significant negative impact on firm growth. The findings contribution in literature with perspective to Pakistan because prior studies done related to developed countries. Policymakers may use this study for making policy related to firms and economic growth.

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Cooperative banks and local economic growth

Cited by 38 publications

References 51 publications

Spatial dependence in the technical efficiency of local banks

Spatial dependence in the technical efficiency of local banks

The impact of the cooperative structure on organizational social capital

Impact of Stock Market and Bank Development on the Firm’s Growth: Evidence from Pakistan

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