Comment résister à l'effet de normalisation : le défi des banques coopératives

Ory, Jean‐Noël; Jaeger, Mireille; Serres, Andrée De

doi:10.3917/rsg.258.0069

Cited by 13 publications

(10 citation statements)

References 7 publications

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“…Moreover, the standard deviation of these indicators is higher in cooperative banks, which indicates a larger variability of returns during the period. Contrary to what has been noticed above, such a result is consistent with the conclusions of Ory et al (2012). A negative way to analyze would be to conclude that cooperative banks 27 For the OECD in 2012: no country in the black list, 23 in grey list; 60 opaque territories list mentioned by the Tax Justice Network (TJN), which is also used by the CCFD (Comité Catholique contre la Faim et pour le Développement); 53 territories list for the CPO (Conseil des prélèvements obligatoires).…”

Section: Business Model: the Risk Takingcontrasting

confidence: 57%

“…These results do not confirm the trend pointed out by Ory et al (2012) up to 2010, which indicated a greater hybridization of the activities of cooperative banks, and a behavior and a volatility more and more close to what can be see in capitalist banks.…”

Section: Business Model: the Risk Takingcontrasting

confidence: 55%

“…Moreover, as Ory et al (2012) pointed out, the hybridization phenomenon also exists in the evolution of the prudential regulation, the use of financial analysis standardized tools, performance measures, reporting, rating, and management control.…”

Section: Position Of Associate Membership In the "Cooperative Capitalmentioning

confidence: 99%

“…This paper compares the financial and associate membership data over the 2007-2012 period of the three French mutual and cooperative 5 banking groups (Crédit agricole, Crédit mutuel, and BPCE) with those of the two "capitalist" 6 banking groups (BNP-Paribas and Société générale). This study has about the same approach as those of Groeneveld (2013), Ory et al (2012), and Lemzeri et al (2013), but includes two particular aspects. First, it is part of a broader research including other dimensions of the cooperative model (price of services, advice, kind of products, customer's opinion, employees' wages, ESR policy, governance pratices, role of associates...), whose results are integrated in a collective report for the CRESS (Regional Chamber for Social and sustainable Economy) (Caire, Glémain, & Nivoix, 2014).…”

Section: Introductionmentioning

confidence: 99%

“…Indeed, since 2010, the TV advertising campaign of Crédit mutuel is based on the slogan "A bank which belongs to its customers, it's all different" ("Une banque qui appartient à ses clients, ça change tout"). In 2012, while it is impacted by heavy losses in foreign markets and more precisely in Greece, over the 2002-2011Birchall (2013) studied the cooperative banks of 12 European countries over the 2005-2011Lemzeri, Jaeger, and Ory (2013) compared a sample of 18 cooperative banks of nine European countries to a sample of 47 other banking groups of the same countries], and French level [Ory, De Serres, and Jaeger (2012) made a comparison of the evolution of the three French cooperative groups to the two major capitalist banking groups over the 1992-1996 and 2008-2010 periods]. These studies tend to confirm the long lasting cooperative specificities, even if the gap with capitalist groups tends to shrink.…”

Section: Introductionmentioning

confidence: 99%

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Specificities of the French Cooperative Banking Groups Facing the 2007-2012 Crisis

Caire

Nivoix

Glémain³

2016

CUBR

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In this paper, the authors compare the financial and associate membership data over the 2007-2012 period of the three French mutual and cooperative banking groups [Crédit agricole, Crédit mutuel, and BPCE (Banques populaires and Caisses d'épargne)] (see in the Appendix) with those of the two "capitalist" banking groups (BNP-Paribas and Société générale). This study is part of a broader research including other dimensions of the cooperative model. All the data used come from the annual reports of the five banking groups analyzed over the 2007-2012 period, and not from a database. Indeed, a database may raise many relevance problems related to difficulties of consolidation that are specific to cooperative groups. Even if the way to create earnings may imply the same business as in capitalist banks (loans, deposits, shareholdings, investment banking, etc.), the way to do it may be different in cooperative banks (fair conditions of borrowing, shareholdings in order to finance the economy rather than simply make capital gains, etc.). Thus, the difference between the two types of banks, as cooperative banks say, is both their final goal and the way to reach it. Meanwhile, a major external difficulty is that cooperative banks have to obey the same prudential rules as other banks whereas these norms were created for a capitalist organization and governance model. In the same way, the indivisible reserves, the steadiness of the share value, or the impossibility of external takeovers is among the main characteristics of the cooperative model and they are not taken into account by the financial analysis.

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Section: Business Model: the Risk Takingcontrasting

confidence: 57%

Section: Business Model: the Risk Takingcontrasting

confidence: 55%

Section: Position Of Associate Membership In the "Cooperative Capitalmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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