Le statut de propriété et la gouvernance des banques coopératives impactent-ils la prise de risque et leur stabilité financière ? : une comparaison avec les banques à capital-actions en Europe

Abstract : The European banking landscape consists mainly of plc banks and of cooperative banks. This difference of structure of property brings us then to wonder if the specificities which characterize them in their scope of activity, in the organizational structure and in their mode of governance can have an impact on their level of risk-taking and on their contribution to the financial stability of the banking system. The recent financial crisis known as the “subprime mortgage crisis” is an event on which we can then lean to answer this interrogation. In this research, and at first, we analyze in depth the reasons which could explain why the cooperative status and the modes of corresponding governance lead these banks to adopt less risky behavior, to be better capitalized than plc banks, what can influence in a differentiated way on the risk-taking and the financial stability. Secondly, we estimate more exactly, in an empirical way, the capacity of resistance and impact strength of banks during the subprime mortgage crisis, the most serious crisis that the banking industry has known since the 1930s. We attempt then to verify if the differences which we noted in terms of status of property and hybridization of the cooperative model (with regard to that of plc banks), are translated by differences in their characteristic, financial risk-taking and their solidity which are determining elements of their social mission, in particular in the eyes of public authorities and monetary authorities. To modelize the influence of the structure of property of banks and the characteristics of the governance which ensue from it on their financial solidity, on their attitude towards the risk and finally on their capacity to manage and to overcome the “subprime mortgage crisis”, we built a database including 63 cooperative and plc European banking groups. We collected for each of these groups performance indicators of accounting and financial management, then of risk management. We proceeded to a classification of the cooperative banking groups according to their degree of hybridization. We turned in particular to the methods of the econometrics of the data of panel over the years 2002-2011 to operate our comparative approach. In the end, we show that the behavior of the cooperative groups in times of crisis distinguished itself from that of plc banks; and we show that the degree of hybridization of these groups is far from being neutral
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Theses
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http://docnum.univ-lorraine.fr/prive/DDOC_T_2014_0315_LEMZERI.pdf
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https://hal.univ-lorraine.fr/tel-01751746
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Submitted on : Thursday, March 29, 2018 - 1:25:46 PM
Last modification on : Tuesday, April 3, 2018 - 12:11:41 PM

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  • HAL Id : tel-01751746, version 1

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Yasmina Lemzeri. Le statut de propriété et la gouvernance des banques coopératives impactent-ils la prise de risque et leur stabilité financière ? : une comparaison avec les banques à capital-actions en Europe. Economies et finances. Université de Lorraine, 2014. Français. ⟨NNT : 2014LORR0315⟩. ⟨tel-01751746⟩

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