How credit unions affect the profitability of Brazilian commercial banks?

IF 4.6 Q2 MATERIALS SCIENCE, BIOMATERIALS
Alexandre Schwinden Garcia , André Lucas Moreira Gonzaga
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引用次数: 0

Abstract

We investigated the effects of the growth of credit unions, which by law are non-profit entities, on the return on assets and equity of Brazilian commercial banks. We also assess the impacts on commercial banks’ main revenue and expense lines. Data from 2000 to 2021 were used and dynamic panel models, System-GMM, were estimated. The results indicate that the greater the participation of credit unions, the greater the return on assets and equity of commercial banks. As for the impact on expenses, we noticed that the greater the participation of credit unions, the lower the expenses with funding by commercial banks. The results found bring a different perspective from what could be expected: the entry of a non-maximizing agent (credit unions) in a given market can reduce the profitability of the incumbent agents. Moreover, the relationship between commercial banks and credit unions can be one of complementarity and not substitutes. The results are robust for several specifications.

信用社如何影响巴西商业银行的盈利能力?
我们研究了依法属于非营利实体的信用社的发展对巴西商业银行资产回报率和股本的影响。我们还评估了对商业银行主要收入和支出项目的影响。我们使用了 2000 年至 2021 年的数据,并使用 System-GMM 对动态面板模型进行了估算。结果表明,信用社的参与程度越高,商业银行的资产回报率和股本回报率就越高。至于对支出的影响,我们注意到,信用社的参与程度越高,商业银行的资金支出就越低。这一结果带来了与预期不同的视角:非最大化主体(信用社)进入特定市场会降低现有主体的盈利能力。此外,商业银行和信用社之间的关系可能是互补关系,而不是替代关系。这些结果在几种规格下都是稳健的。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
ACS Applied Bio Materials
ACS Applied Bio Materials Chemistry-Chemistry (all)
CiteScore
9.40
自引率
2.10%
发文量
464
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