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The survival of Portuguese credit co-operatives: an econometric approach
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Autores
Orientador(es)
Resumo(s)
The banking system robustness is an actual concern and a priority for EU and national
authorities. Although Portuguese Agricultural Credit Co-operatives (CCAM) performance, as
a group, compares favourably with that of other credit institutions, individual CCAM
occasionally do enter in distress. The increasingly large size of the CCAM raises concerns
regarding the resolution of potential distress situations given some of the cooperative
governance rules. The main purpose of this paper is to evaluate CCAM risk of insolvency. To
accomplish this objective, the authors analyze the CCAM failures in the period between 1995 and
2009, adopting a Cox proportional hazards model. The model shows that Transformation ratio and
Other Structural Costs ratio were important indicators to evaluate the relative risk of insolvency
for CCAM.
Descrição
Palavras-chave
Credit cooperative Solvency Cox proportional hazards model
Contexto Educativo
Citação
Cabo, Paula; Rebelo, João (2010). The survival of Portuguese credit co-operatives: an econometric approach. In ICA European Research Conference. Lyon