This paper summarizes some criticisms against the recent Italian reform that imposed that the largest cooperative banks must to be transformed in limited companies. The main are: better governance and business model of the mutual ownership, cooperative banks’ positive impact on system stability and their importance/resilience worldwide. It deepens the discussion, by analysing financial data of Italian banks from Mediobanca-R&S dataset and showing that limited company model is not better than cooperative one in terms of performance and risk; therefore, the 2015 reform doesn’t seem to be justified by the past empirical evidence.

Venanzi, D. (2015). Quando il bue dice cornuto all'asino..ovvero la riforma delle banche popolari. ECONOMIA E POLITICA, 7(10).

Quando il bue dice cornuto all'asino..ovvero la riforma delle banche popolari

VENANZI, Daniela
2015-01-01

Abstract

This paper summarizes some criticisms against the recent Italian reform that imposed that the largest cooperative banks must to be transformed in limited companies. The main are: better governance and business model of the mutual ownership, cooperative banks’ positive impact on system stability and their importance/resilience worldwide. It deepens the discussion, by analysing financial data of Italian banks from Mediobanca-R&S dataset and showing that limited company model is not better than cooperative one in terms of performance and risk; therefore, the 2015 reform doesn’t seem to be justified by the past empirical evidence.
Venanzi, D. (2015). Quando il bue dice cornuto all'asino..ovvero la riforma delle banche popolari. ECONOMIA E POLITICA, 7(10).
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11590/298614
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