Being a member of a cooperative bank: ethical or financial decision?

Being a member of a cooperative bank: ethical or financial decision?

The definition of co-operative banks given by the International Cooperative Banking Association (ICBA) states that co-operative members, who buy and hold member shares, believe in the ethical values of honesty, openness, social responsibility and altruism. Using a unique database of 246,120 clients/...

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Izdano u:URI:https://journals.openedition.org/fcs,
Glavni autori: Egarius, Damien, Roger, Patrick
Format: Article ou chapitre numérique
Izdano: Finance Contrôle Stratégie 2017
Teme:
Cooperative Banks
Bank Membership
Capital requirements
Investor Behavior.
Online pristup:Accès Université d'Orléans et IFPM
Accès Université d'Orléans et IFPM
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spelling openedition-oai:revues.org:fcs_1882 https://doi.org/10.4000/fcs.1882 urn:doi:10.4000/fcs.1882 https://journals.openedition.org/fcs/1882 2017-01-26T01:00:00Z info:eu-repo/semantics/openAccess article info:eu-repo/semantics/article urn:handle:20.500.13089/gand All rights reserved Being a member of a cooperative bank: ethical or financial decision? Finance Contrôle Stratégie Association FCS info:eu-repo/semantics/reference/issn/2261-5512 info:eu-repo/semantics/reference/issn/1287-1141 URI:https://journals.openedition.org/fcs Egarius, Damien Roger, Patrick Cooperative Banks Bank Membership Capital requirements Investor Behavior. The definition of co-operative banks given by the International Cooperative Banking Association (ICBA) states that co-operative members, who buy and hold member shares, believe in the ethical values of honesty, openness, social responsibility and altruism. Using a unique database of 246,120 clients/members at a cooperative bank, we show that the trading volume of member shares is far from insignificant. The analysis of clients’ portfolios over a 13-month period shows that clients use member shares as standard savings and investment vehicles. These results show that the reasons given by the ICBA to become a member of a cooperative bank are unimportant in the decision process.
collection OpenEdition Journal
format Article ou chapitre numérique
building 0/Bibliothèque numérique/
1/Bibliothèque numérique/OpenEdition Journals/
topic Cooperative Banks
Bank Membership
Capital requirements
Investor Behavior.
spellingShingle Cooperative Banks
Bank Membership
Capital requirements
Investor Behavior.
Egarius, Damien
Roger, Patrick
Being a member of a cooperative bank: ethical or financial decision?
description The definition of co-operative banks given by the International Cooperative Banking Association (ICBA) states that co-operative members, who buy and hold member shares, believe in the ethical values of honesty, openness, social responsibility and altruism. Using a unique database of 246,120 clients/members at a cooperative bank, we show that the trading volume of member shares is far from insignificant. The analysis of clients’ portfolios over a 13-month period shows that clients use member shares as standard savings and investment vehicles. These results show that the reasons given by the ICBA to become a member of a cooperative bank are unimportant in the decision process.
author Egarius, Damien
Roger, Patrick
author_facet Egarius, Damien
Roger, Patrick
author_sort Egarius, Damien
title Being a member of a cooperative bank: ethical or financial decision?
title_short Being a member of a cooperative bank: ethical or financial decision?
title_full Being a member of a cooperative bank: ethical or financial decision?
title_fullStr Being a member of a cooperative bank: ethical or financial decision?
title_full_unstemmed Being a member of a cooperative bank: ethical or financial decision?
title_sort being a member of a cooperative bank: ethical or financial decision?
publisher Finance Contrôle Stratégie
publishDate 2017
container_title URI:https://journals.openedition.org/fcs
url https://ezproxy.univ-orleans.fr/login?url=https://doi.org/10.4000/fcs.1882
https://ezproxy.univ-orleans.fr/login?url=https://journals.openedition.org/fcs/1882
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