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Local finance-growth nexus: Does bank ownership matter?

Author

Listed:
  • Masanori Ohkuma

    (Faculty of Education and Integrated Arts and Sciences, Waseda University)

  • Teruo Mori

    (Faculty of Political Science and Economics, Waseda University)

Abstract

This paper examines the effects of the ownership form of banks on the finance-growth nexus in Japan. If the cooperative ownership of banks has comparative advantages in local financial development, the failure of a cooperative bank should be more harmful than that of a commercial bank. The evidence in this paper, however, provokes skepticism to this view, suggesting less efficient operation of some cooperative banks in local communities probably due to weak mechanisms for management discipline.

Suggested Citation

  • Masanori Ohkuma & Teruo Mori, 2011. "Local finance-growth nexus: Does bank ownership matter?," Economics Bulletin, AccessEcon, vol. 31(1), pages 613-622.
    • Handle: RePEc:ebl:ecbull:eb-10-00575
    as

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    File URL: http://www.accessecon.com/Pubs/EB/2011/Volume31/EB-11-V31-I1-P59.pdf
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    References listed on IDEAS

    as
    1. Bonaccorsi di Patti, Emilia & Dell'Ariccia, Giovanni, 2004. "Bank Competition and Firm Creation," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 36(2), pages 225-251, April.
    2. Dell'Ariccia, Giovanni & Detragiache, Enrica & Rajan, Raghuram, 2008. "The real effect of banking crises," Journal of Financial Intermediation, Elsevier, vol. 17(1), pages 89-112, January.
    3. Shang-Jin Wei & Ms. Genevieve Boyreau-Debray, 2004. "Can China Grow Faster? A Diagnosis of the Fragmentation of Its Domestic Capital Market," IMF Working Papers 2004/076, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Banking crisis; Cooperative bank; Bank ownership; Financial development; Local growth; Japan;
    All these keywords.

    JEL classification:

    • G0 - Financial Economics - - General
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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