Full Title
ECONOMIA E DIRITTO DEL TERZIARIO
Publisher
FrancoAngeli
ISSN
1593-9464 (Printed Journal)
1972-5256 (Online Journal)
Journal Issue Number
2
Journal Issue Designation
2
Journal Issue Date (YYYY/MM)
2014/12
Full Title
Banche di credito cooperativo come leva di stabilità finanziaria. Un'analisi comparata con le banche commerciali. Appendice
By (author)
First Page
239
Last Page
268
Language of text
Italian
Publication Date
2014/12
Copyright
2014 FrancoAngeli srl
Introduction or preface
L'obiettivo dello studio è quello di verificare il grado di stabilità finanziaria delle banche di credito cooperativo (BCC) rispetto alle banche commerciali. Il lavoro si inquadra all'interno delle ricerche sul rapporto tra stabilità e dimensione della banca, verificando l'impatto sulla rischiosità della banca di un differente modello di business. Utilizzando lo z-score (Roy, 1952; Cihak e Hesse, 2002 e 2008; Beck, 2008), abbiamo analizzato i dati di bilancio delle BCC Italiane dal 2006 al 2011 e confrontato i risultati con quelli delle banche commerciali italiane. Mediante una regressione tra lo z-score ed una serie di fattori bank-specific, l'analisi identifica le potenziali fonti di rischio/opportunità legate alla dimensione della banca ed alle specificità del credito cooperativo. I risultati mostrano che, in accordo con precedenti studi su altre nazioni, le BCC presentano un maggior grado di stabilità finanziaria. In particolare, esse risultano più capitalizzate rispetto alle altre ed investono in maniera ridotta in prodotti derivati, per cui si ritiene possano svolgere un ruolo di stabilizzatori del sistema durante la crisi.
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