Vanessa Campos Climent () (Universidad de Valencia) Gemma Fajardo García () (Universidad de Valencia, IUDESCOOP) Joan Ramón Sánchis Palacios () (Universidad de Valencia, IUDESCOOP)
Abstract
This study aims to justify the survival and support of credit sections from a threefold perspective: legal, economic and social. Firstly, the paper examines the legislation governing cooperatives with a credit section, comparing the Valencian legislation with that of the rest of Spain (in particular, the legislation in Catalonia and Extremadura). Secondly, looking at the matter from an economic perspective, we examine the advantages of credit sections for agricultural cooperatives (transaction costs) and analyse the credit sections’ levels of performance and efficiency, comparing them with those of agricultural credit banks and savings banks. Finally, from a social perspective, we analyse the benefits that credit sections can offer members and other sections of the agricultural cooperative to which they belong. To do this, we examine the financial differential presented by credit sections compared to that of agricultural credit banks.
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Find related papers by JEL classification: G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Mortgages G23 - Financial Economics - - Financial Institutions and Services - - - Pension Funds; Other Private Financial Institutions P13 - Economic Systems - - Capitalist Systems - - - Cooperative Enterprises
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