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Why do credit co-operatives disapear: the determinants of portuguese credit co-operatives failure
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Resumo(s)
The recent financial crisis and subsequent economic recession highlight the strengths of cooperative banks, but also their weaknesses. For the Portuguese case, there is no doubt that the improvement of co-operative banking performance is a strategic and operational matter to ensure the economic and financial survival of Agricultural Credit Co-operatives, CCAM
(Caixas de Crédito Agrícola Mútuo).
The aim of this paper is to identify “problematic” CCAM and to evaluate their risk of insolvency. For assessing potential failure of CCAM, as a function of financial and operational indicators, in the period between 1995 and 2009, logistic regression and a multiple discriminant analysis are used. The paper identifies: Costumer Resources Growth,
Transformation Ratio, Credit Overdue, Expenses ratio, Structural Costs, Liquidity,
Indebtedness and Financial Margin as determinants of CCAM failure.
Descrição
Palavras-chave
Insolvency Co-operatives Logit analysis Multiple discriminant analysis
Contexto Educativo
Citação
Cabo, Paula; João, Rebelo (2011). Why do credit co-operatives disapear: the determinants of portuguese credit co-operatives failure. In 3rd International Research Conference on the Social Economy of CIRIEC. Valladolid