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Peut-on parler de création de valeur sociétariale ?

Author

Listed:
  • Jérôme Caby
  • Éric Lamarque

Abstract

Mutual and cooperative finance is based on a specific status that is out of step with the traditional shareholder structure. However, this differentiation has so far not been based on indicators themselves specific measure of value creation. The characterization of the expectations of customers of co-operative bank shows their diversity of behavior and expectations. Different types of performance are expected: financial, commercial, territorial and community. The analysis of annual reports of central bodies of cooperative banking groups and their regional entities confirms this diversity but fails to provide generalizable and repeatable indicators for measuring value creation for members. The cooperative financial sector cannot durably overcome this imperative at the risk of becoming financial institutions like others. Classification JEL : G32, L21, M14, M40, P13.

Suggested Citation

  • Jérôme Caby & Éric Lamarque, 2019. "Peut-on parler de création de valeur sociétariale ?," Revue d'économie financière, Association d'économie financière, vol. 0(2), pages 141-155.
  • Handle: RePEc:cai:refaef:ecofi_134_0141
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    More about this item

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • P13 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Cooperative Enterprises

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