Excessive Takeover Premiums Paid by Acquiring Banks Controlled by Mutual Banks: The Case of Crédit Agricole–Crédit Lyonnais

2012 ◽  
Author(s):  
Frédéric Lobez ◽  
Alain Schatt
Keyword(s):  
Mutual Banks

The Economics of Mutual Banks in Italy: Cooperation, Mutuality and Commitment to the Local Community

2006 ◽  
Author(s):  
Antonio Dell'Atti ◽  
Mariantonietta Intonti
Keyword(s):  
Local Community ◽  
Mutual Banks

IL CREDITO COOPERATIVO ALLA SFIDA DI BASILEA 3: TENDENZE, IMPATTI, PROSPETTIVE (Italian Mutual Banks and the Challenge of Basel III)

2013 ◽  
Author(s):  
Francesco Cannata ◽  
Giorgio D'Acunto ◽  
Alessandro Allegri ◽  
Marco Bevilacqua ◽  
Gaetano Chionsini ◽  
...  
Keyword(s):  
Basel Iii ◽  
Mutual Banks

scholarly journals Mergers decision in Japanese small mutual banks: efficiency improvement or empire buildings?

2009 ◽  
Vol 7 (2) ◽  
pp. 117-125 ◽  
Author(s):  
Nobuyoshi Yamori ◽  
Kozo Harimaya
Keyword(s):  
Cost Efficiency ◽  
Stochastic Frontier ◽  
Efficiency Improvement ◽  
Important Goal ◽  
Stochastic Frontier Approach ◽  
Credit Associations ◽  
Bank Managers ◽  
The World ◽  
Mutual Banks ◽  
Credit Association

With the number of bank consolidations increasing around the world since the 1990s, several studies have examined what factors drive banks to consolidate, and some argue that bank managers who have a motive of empire buildings choose mergers. In this study, we deal with mergers among Japanese small mutual banks (credit associations or Shinkin banks) during the period 1996 to 2005. Japanese credit associations have been experiencing an unprecedented wave of consolidation, with their number decreasing from 410 (March 1996) to 292 (April 2006). Interestingly, unlike stock companies, mutual companies are often expected to be weak in terms of disciplining managers. If so, mutual banks tend to choose inefficient mergers at the expense of other stakeholders. Here, we use the stochastic frontier approach (SFA) to obtain “cost efficiency” proxy. We find that while the efficiency of acquiring credit associations decreases during the merger period, mergers do ultimately improve efficiency. Based on our results we find that raising efficiency, not for building empires, is an important goal for such credit association mergers.

scholarly journals Is competition among cooperative banks a negative sum game?

2019 ◽  
Vol 15 (4) ◽  
pp. 673-694
Author(s):  
Paolo Coccorese ◽  
Giovanni Ferri
Keyword(s):  
Scale Economies ◽  
Banking Networks ◽  
Cooperative Banks ◽  
Mutual Banks ◽  
The Stability

AbstractDoes ‘inner competition’ – rivalry among network members – worsen performance in a network of cooperative banks? By weakening the functionality of the network, inner competition might, in fact, endanger network-dependent scale economies. Testing our hypothesis on Italy's network of mutual cooperative banks (Banche di Credito Cooperativo – BCCs), we find a worsening of performance of both incumbents and (even more) aggressors when BCCs compete among themselves. However, the worsening is mild when BCCs compete with comparable non-mutual banks external to the BCC network. We conclude that inner competition among cooperative banks is a negative sum game and, thus, limiting it would be desirable to preserve the stability of cooperative banking networks.

scholarly journals DIVERSITY MEASURES AND QUALITY OF BANKS’ BOARDS: THE ITALIAN CASE

2018 ◽  
Vol 06 (02) ◽  
pp. 1850009
Author(s):  
ROSSELLA LOCATELLI ◽  
CRISTIANA SCHENA ◽  
ALESSANDRA TANDA ◽  
ANDREA USELLI
Keyword(s):  
Methodological Approach ◽  
Positive Association ◽  
Improve Quality ◽  
Board Diversity ◽  
Italian Case ◽  
Qualitative Level ◽  
Regulatory Approach ◽  
Mutual Banks ◽  
The Relationship

Most of the studies in corporate governance in banks and other types of firms investigate board diversity and quality separately, without considering the possible relationship between these two. To fill this gap, this study investigates through a new methodological approach the level of quality and diversity of the boards of a sample of Italian banks using a proprietary hand-collected database; in addition, it examines the relationship between diversity and quality of boards to verify whether more diversity consistently relates to higher quality, in accordance with the regulatory approach. Evidence shows that especially small and mutual banks need to improve quality and diversity, as they probably suffer from their limited attractiveness to top profile directors. Moreover, on analyzing interrelations we find evidence of a positive association between board diversity and quality. In particular, financial skills and experience of directors improve the qualitative level of banking boards.

scholarly journals The strategic paths and performances of Italian mutual banks: a nonparametric analysis

2008 ◽  
Vol 1 (2) ◽  
pp. 189 ◽  
Author(s):  
Francesco Zen ◽  
Cinzia Baldan
Keyword(s):  
Nonparametric Analysis ◽  
Mutual Banks ◽  
Strategic Paths

scholarly journals Community in Credit Unions: Has banking regulationimpaired CSR in Australian Customer Owned Banks?

2017 ◽  
Vol 9 (4) ◽  
pp. 235
Author(s):  
Dianne McGrath
Keyword(s):  
Commercial Banks ◽  
Banking Sector ◽  
Credit Unions ◽  
Regulatory Requirements ◽  
Banking Services ◽  
Csr Reporting ◽  
Mutual Banks

This paper presents a sector scan of a sample of Australian Credit Unions and Mutual Banks to examine the CSR reporting from the perspective of the three pillars model proposed by vanOorschot, de Hoog, van der Steen and van Twist (2013). It is argued that the pillar requiringco-operatives to ensure activities which ‘aim for change’, should promote increasing adoptionof CSR. The paper theorises that regulatory requirements imposed in Australia on all bankinginstitutions carry a higher proportional cost to the customer owned banking sector than theshareholder based commercial banks. This consumption of the limited financial resourcesavailable in this sector of banking services, are inhibiting regional Customer Owned Bankingproviders, as co-operative organisations, to fulfil the required co-operative principle to instigatechange for the betterment of communities. This failure could signal the demise of some entitiesin the jurisdiction of Customer Owned Banking.

Intra-competitiveness and inter-competitiveness among mutual banks: the case of Trento

2016 ◽  
Vol 63 (3) ◽  
pp. 195-214 ◽  
Author(s):  
Gian Paolo Barbetta ◽  
Luca Colombo ◽  
Stefano Colombo ◽  
Michele Grillo
Keyword(s):  
Mutual Banks

Savings Deposits in Mutual and Non-Mutual Banks, 1911-40

1943 ◽  
Vol 16 (3) ◽  
pp. 195
Author(s):  
Gilbert W. Cooke
Keyword(s):  
Mutual Banks

Mutualismo e Peer Monitoring nelle BCC Italiane (Mutualism and Peer Monitoring for Italian Mutual Banks)

2012 ◽  
Author(s):  
Francesco Piersante ◽  
Maria Lucia Stefani
Keyword(s):  
Peer Monitoring ◽  
Mutual Banks
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