Corporate governance and local embeddedness of the Hungarian cooperative banking sector

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dc.author.affiliationDTOhu
dc.author.mtmtid10001296
dc.author.mtmtid10015108
dc.contributor.authorGál, Zoltán
dc.contributor.authorKovács, Sándor Zsolt
dc.coverage.mtmtmtmthu
dc.date.accessioned2019-01-22T18:10:46Z
dc.date.available2019-01-22T18:10:46Z
dc.date.issued2018
dc.description.abstractTraditional cooperative banks are considered as locally and socially embedded, lending to local clients from locally collected deposits and financing the local economy.. To offset their disadvantage due to their insufficient size, they exploit the information advantage deriving from their geographical proximity to their clients and the advantages of their peculiar corporate governance deriving from the member-ownership. This paper examines the relevant theories on cooperative finance, while examining the underlying geographical and corporate governance aspects in a less advanced transition economy environment. Governments’ preference towards commercial banking and at the same time their negligence towards the cooperatives in general led to a loose financial regulation of the sector. The limits of cooperatives’ corporate governance and demutualization intensify when loosing social/local embeddedness. Cooperative banks, located in the periphery with insufficient socio-economic conditions to develop closer relationships with borrowers accelerate capital flight from their regions. Commercial cooperatives entering new markets show higher lending activity but have more non-performing loans due to the lost information advantage.hu
dc.description.accessszabadon elérhető / Free accesshu
dc.format.extentfirstpage30hu
dc.format.extentlastpage54hu
dc.format.extentvolume71hu
dc.identifier.citationBezpieczny Bank 71:(2) pp. 30-54. (2018) ISSN 1429-2939hu
dc.identifier.doidx.doi.org/10.26354/bb.2.2.71.2018hu
dc.identifier.issn1429-2939hu
dc.identifier.mtmt-recordid30309562
dc.identifier.urihttps://www.bfg.pl/wp-content/uploads/2018/09/Bezp.-Bank-271.3.pdf
dc.identifier.urihttp://hdl.handle.net/11155/1871
dc.languageangolhu
dc.relation.ispartofjournalBezpieczny Bankhu
dc.relation.ispartofjournalissue2hu
dc.rightsCreative Commons Attribution Non-Commercial No Derivatives (CC-BY-NC-ND-4.0) Nevezd meg!-Ne add el!-Ne változtasd!hu
dc.subjecttakarékszövetkezethu
dc.subjecthelyi beágyazódáshu
dc.subjectbeágyazódáshu
dc.subjectbeágyazottsághu
dc.subjectbankhálózat - Magyarországhu
dc.subjectvállalatirányításhu
dc.titleCorporate governance and local embeddedness of the Hungarian cooperative banking sectoren
dc.typejournalArticleen
dc.type.descriptionfolyóiratcikkhu
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