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Banques mutualistes et systèmes financiers : une analyse comparative Allemagne, Grande-Bretagne, France

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  • Agnès Labye
  • Christine Lagoutte
  • Françoise Renversez

Abstract

[fre] Selon la littérature récente, les banques mutualistes seraient caractérisées par un objectif d’utilité sociale par opposition à l’objectif de rentabilité des banques ordinaires. Nous confrontons cette perspective à l’analyse des banques mutualistes de trois économies européennes (allemande, britannique, française) qui présentent chacune de fortes spécificités. Dans ces trois cas les banques mutualistes représentent des parts significatives du chiffre d’affaires bancaire et une rentabilité comparable à celle des banques ordinaires. La rentabilité des banques mutualistes va ainsi à l’encontre de l’analyse d’Allen et Gale (1995-2000) qui avancent que le statut mutualiste implique des coûts d’emploi plus lourds que ceux du secteur commercial. Les banques mutualistes étudiées constituent une particularité du système financier européen dont l’évolution récente ouvre des perspectives favorables. . Classification JEL : G21, L2 [eng] Mutual banks and financial systems : a comparative analysis in Germany, Great Britain and France . According to the recent literature, mutual banks would be characterised by an objective of social utility in contrast with the objective of profitability of commercial banks. We confront this idea with the analysis of mutual banks of three European economies (German, British, French) who present strong specificities. In these three cases, mutual banks represent significant parts of the banking sector and their profitability is comparable to the commercial banks’. The profitability of mutual banks refutes Allen & Gale’s analysis (1995-2000) who explain that the mutual status implies employment costs heavier than those of commercial banks. The studied mutual banks constitute a feature of the European financial system of which the recent evolution opens favourable prospect. . JEL classifications : G21, L2

Suggested Citation

  • Agnès Labye & Christine Lagoutte & Françoise Renversez, 2002. "Banques mutualistes et systèmes financiers : une analyse comparative Allemagne, Grande-Bretagne, France," Revue d'Économie Financière, Programme National Persée, vol. 67(3), pages 85-109.
    • Handle: RePEc:prs:recofi:ecofi_0987-3368_2002_num_67_3_3575
    DOI: 10.3406/ecofi.2002.3575
    Note: DOI:10.3406/ecofi.2002.3575
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    Cited by:

    1. Simon Cornée, 2014. "Soft Information and Default Prediction in Cooperative and Social Banks," Journal of Entrepreneurial and Organizational Diversity, European Research Institute on Cooperative and Social Enterprises, vol. 3(1), pages 89-103, June.
    2. Esther Jeffers, 2005. "Quel rôle pour les banques britanniques dans les restructurations bancaires européennes ?," Revue d'Économie Financière, Programme National Persée, vol. 78(1), pages 171-180.
    3. Jean-Baptiste Cartier, 2012. "Entre opposition fondamentale et convergence contrainte, quel avenir pour la banque coopérative face à la banque SA ?," Post-Print halshs-00743735, HAL.
    4. Stéphane Mottet, 2002. "La démutualisation," Revue d'Économie Financière, Programme National Persée, vol. 67(3), pages 111-120.
    5. Agnès Labye, 2009. "Microfinance professionnelle et banques universelles : la singularité du cas de l’Allemagne," Revue d'Économie Financière, Programme National Persée, vol. 95(2), pages 351-365.
    6. Jean-Baptiste Cartier, 2010. "Entre opposition fondamentale et convergence contrainte, quel avenir pour la banque mutualiste face à la banque SA ?," Post-Print halshs-00743737, HAL.
    7. Jean-Baptiste Cartier & Philippe Naszalyi & Benoit Pigé, 2012. "Organisations de l'économie sociale et solidaire : quelle théorie de la gouvernance ?," Post-Print halshs-00743806, HAL.
    8. Christine Lagoutte, 2004. "Le paradoxe des banques britanniques," Revue d'Économie Financière, Programme National Persée, vol. 77(4), pages 329-353.
    9. Nadine Richez-Battesti & Patrick Gianfaldoni & Georges Gloukoviezoff & Jean-Robert Alcaras, 2006. "Quelle contribution des banques coopératives à la cohésion économique et sociale des territoires ?," Post-Print hal-00502333, HAL.

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    More about this item

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior

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