2020
DOI: 10.1108/rausp-02-2019-0018
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Governance and financial efficiency of Brazilian credit unions

Abstract: Purpose This paper aims to evaluate the relation between governance and financial efficiency of credit unions in Brazil. The study shows how poor financial efficiency in credit unions may result from undesirable configurations in executive management and other variables related to governance. Design/methodology/approach The study develops an innovative methodology to classify credit unions according to the level of governance using indicators of representativeness and participation, leadership, management an… Show more

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Cited by 11 publications
(8 citation statements)
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“…Credit unions operate in a similar context to that of banks, but they have their own particularities, such as the intention to maximize the benefits for their members (Maia et al, 2019;Smith et al, 1981). These unions act in enabling access to credit for a wide variety of social classes, which promotes economic growth and local development at various levels, including in the Brazilian context (Favalli et al, 2020). The operational principles of the World Council of Credit Unions (WOCCU) highlight the role of these organizations in promoting human and social development, contemplating aspects such as the commitment of credit unions to hiring and retaining a qualified workforce, as well as promoting the well-being of members/leaders/employees (Marcoux et al, 2021;Mathuva et al, 2017).…”
Section: Context Of the Population Data Collection And Samplementioning
confidence: 99%
“…Credit unions operate in a similar context to that of banks, but they have their own particularities, such as the intention to maximize the benefits for their members (Maia et al, 2019;Smith et al, 1981). These unions act in enabling access to credit for a wide variety of social classes, which promotes economic growth and local development at various levels, including in the Brazilian context (Favalli et al, 2020). The operational principles of the World Council of Credit Unions (WOCCU) highlight the role of these organizations in promoting human and social development, contemplating aspects such as the commitment of credit unions to hiring and retaining a qualified workforce, as well as promoting the well-being of members/leaders/employees (Marcoux et al, 2021;Mathuva et al, 2017).…”
Section: Context Of the Population Data Collection And Samplementioning
confidence: 99%
“…A cooperativa de crédito é uma instituição financeira formada por uma associação autônoma de pessoas unidas voluntariamente, com forma e natureza jurídica próprias, de natureza civil, sem fins lucrativos, constituída para prestar serviços a seus associados (Banco Central do Brasil [Bacen], 2018). Além disso, visa à apresentação de soluções financeiras e à geração de renda para seus cooperados, e pode também ser entendida como mecanismos promotores da intermediação financeira entre seus associados e o mercado (Da Silva et al, 2017;Favalli et al, 2020).…”
Section: Cooperativas De Crédito Em âMbito Brasileirounclassified
“…Desse modo, os recursos captados pelas cooperativas de crédito são aplicados no seu local de origem, de forma a aumentar a produção e atender aos fins sociais decididos pelos cooperados, nas assembleias (Portal Cooperativismo Financeiro [PCF], 2018). Fica evidente que a sobrevivência das cooperativas de crédito está atrelada à rentabilidade, à prestação dos serviços e à operação de captação e concessão de créditos aos cooperados (Paiva & Santos, 2017;Favalli et al, 2020).…”
Section: Cooperativas De Crédito Em âMbito Brasileirounclassified
“…Savings and Credit Co-operative Societies (SACCOS) are member-based and democraticallycontrolled microfinance institutions (MFIs). They are operated by extending financial services such as savings and credit at fair interest rates for members to maintain a common bond (Almehdawe, Khan, Lamsal & Poirier, 2020;Favalli, Gori Maia & da Silveira, 2020). The common bond membership is drawn from certain socio-cultural affiliations based on neighbourhood, ethnicity, tribes, religious and organizations (Goddard, McKillop, & Wilson, 2008).…”
Section: Introductionmentioning
confidence: 99%