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

Author

Listed:
  • Mireille Jaeger

    (CEREFIGE - Centre Européen de Recherche en Economie Financière et Gestion des Entreprises - UL - Université de Lorraine)

  • Jean-Noël Ory

    (CEREFIGE - Centre Européen de Recherche en Economie Financière et Gestion des Entreprises - UL - Université de Lorraine)

  • Emmanuelle Gurtner

    (CEREFIGE - Centre Européen de Recherche en Economie Financière et Gestion des Entreprises - UL - Université de Lorraine)

Abstract

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.

Suggested Citation

  • Mireille Jaeger & Jean-Noël Ory & Emmanuelle Gurtner, 2002. "Le statut de coopérative est-il source d'efficacité dans le secteur bancaire ?," Post-Print hal-03371287, HAL.
  • Handle: RePEc:hal:journl:hal-03371287
    DOI: 10.3406/ecofi.2002.3578
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    Cited by:

    1. Amélie Artis & Maryline Filippi & Francesca Petrella, 2023. "La convention d’identité coopérative : création de compromis sectoriels et territoriaux," Post-Print hal-04435785, HAL.

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