The aim of this study is to investigate financial stability in the cooperative banks and in commercial banks.
Journal title ECONOMIA E DIRITTO DEL TERZIARIO
Author/s Valentina Cioli, Alessandro Giannozzi
Publishing Year 2014 Issue 2014/2
Language Italian Pages 30 P. 239-268 File size 395 KB
DOI 10.3280/ED2014-002003
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The work analyzes the relationship between stability and size of the bank, by studying their impact on the riskiness of different bank’s business model. By using z-score’s measure (Roy, 1952; Cihak and Hesse, 2007; Beck, 2008), we referred on financial statements of Italian Cooperative Banks from 2006 to 2011 and compared the results with Italian commercial banks. By making a regression between z-score’s n-logarithm and a set of bank-specific factors, the analysis identifies potential sources of risk/opportunities related to the size of the bank and to their business model. The results, in agreement with previous studies carried out in other countries, show that, cooperative banks have a greater degree of financial stability. Particularly, they are more capitalized than the others and they invest less in derivatives. Therefore, they may play a role in stabilizing financial system during the crisis.
Keywords: Financial stability, z-index, cooperative banks.
Jel codes: G20, G21, G28.
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Valentina Cioli, Alessandro Giannozzi, Banche di credito cooperativo come leva di stabilità finanziaria. Un’analisi comparata con le banche commerciali. Appendice in "ECONOMIA E DIRITTO DEL TERZIARIO " 2/2014, pp 239-268, DOI: 10.3280/ED2014-002003