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Le statut de coopérative est-il source d’efficacité dans le secteur bancaire ?

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  • Emmanuelle Gurtner
  • Mireille Jaeger
  • Jean-Noël Ory

Abstract

[eng] Is the cooperative ownership structure a factor of efficiency in banking firms ? . Some economists, especially American, consider that cooperative banks operate inefficiently, and that they will disappear. Using the same analysis than these authors, we try, in this paper, to explain the good performances of cooperative banks in France, comparing to stock banks. The relevant criterion which allows to set apart cooperative banks from stock banks is the ownership structure, and not the existence of a common bond. We then develop the consequences of the cooperative ownership structure of financial institutions. Cooperative banks appear to be able to compete efficiently with stock banks, even if the aim of the organisation is not the maximisation of the profitability for the capital owners. . JEL classifications : G21, L2 [fre] La littérature retient deux critères de différenciation entre le statut bancaire de coopérative ou de SA : la notion d’intérêt commun et la structure de propriété. Le premier semble mal adapté aux coopératives françaises, car leur taille et leur champ d’activité n’ont pas été contraints par l’existence d’un intérêt commun aux sociétaires, et parce qu’elles se situent sur un marché très concurrentiel et peu segmenté. Le deuxième semble prééminent. Dans une coopérative bancaire, la structure des droits de propriété va déterminer un profil d’organisation qui influencera l’efficacité. Les banques coopératives sont donc capables de soutenir la concurrence avec les banques SA, tout en ayant d’autres objectifs que la maximisation du profit. La concurrence les oblige à fonctionner efficacement sur le long terme, sans être contraintes à court terme par la nécessité de créer de la valeur. . Classification JEL : G21, L2

Suggested Citation

  • Emmanuelle Gurtner & Mireille Jaeger & Jean-Noël Ory, 2002. "Le statut de coopérative est-il source d’efficacité dans le secteur bancaire ?," Revue d'Économie Financière, Programme National Persée, vol. 67(3), pages 133-163.
    • Handle: RePEc:prs:recofi:ecofi_0987-3368_2002_num_67_3_3578
    DOI: 10.3406/ecofi.2002.3578
    Note: DOI:10.3406/ecofi.2002.3578
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    References listed on IDEAS

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    1. Mester, Loretta J., 1991. "Agency costs among savings and loans," Journal of Financial Intermediation, Elsevier, vol. 1(3), pages 257-278, June.
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    Citations

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    Cited by:

    1. E. Avisoa, 2016. "European banks’ technical efficiency and performance: do business models matter? The case of European co-operatives banks," Débats économiques et financiers 25, Banque de France.
    2. Amélie Artis & Maryline Filippi & Francesca Petrella, 2023. "La convention d’identité coopérative : création de compromis sectoriels et territoriaux," Post-Print hal-04435785, HAL.
    3. Barry, Thierno Amadou & Tacneng, Ruth, 2014. "The Impact of Governance and Institutional Quality on MFI Outreach and Financial Performance in Sub-Saharan Africa," World Development, Elsevier, vol. 58(C), pages 1-20.
    4. Butzbach Olivier & von Mettenheim Kurt E., 2015. "Alternative Banking and Theory," Accounting, Economics, and Law: A Convivium, De Gruyter, vol. 5(2), pages 105-171, July.
    5. Alexandre Pourchet & Andrée de Serres & Bernard de Montmorillon, 2014. "Une analyse néo-institutionnelle de l'évolution de la gouvernance et des activités métiers du Groupe Bancaire Coopératif en France," Post-Print hal-01457041, HAL.
    6. repec:dau:papers:123456789/13773 is not listed on IDEAS
    7. Yasmina Lemzeri, 2014. "Did the Extent of Hybridization Better Enable Cooperative Banking Groups to Face the Financial Crisis?," Journal of Entrepreneurial and Organizational Diversity, European Research Institute on Cooperative and Social Enterprises, vol. 3(1), pages 57-85, June.
    8. Pascal Glémain, 2018. "Finances et financement des activités d'utilité sociale locales : point de vue à partir des finances citoyennes «situées»," Post-Print hal-02150257, HAL.

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    More about this item

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior

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