Determinantes do desempenho financeiro das cooperativas de crédito singulares no Brasil
Prolo Júnior, Carlos Damião
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DescriptionThe dissertation purpose is to investigate the determinants of the financial performance of the credit unions in Brazil and to test whether the revenues diversification and mergers has a positive impact on the financial performance of credit cooperatives. To do so, the sample was divided into two research groups, observing the operations practiced. Group 1 consists of full credit unions and traditional credit unions and group 2 is composed of capital and loan credit unions. Using data from 2010 to 2017 and applying the fixed-effects model, we found evidence that the determinants common to the financial performance of credit unions, as measured by the ROA and ROE, for the two groups are: higher-level efficiency, lower level of credit operations, lower level of loan portfolio provision and lower degree of leverage. Still for group 1 is a determinant of the financial performance a higher level of the relation between services revenues / administrative expenses and a greater size of the credit union. For Group 2 a lower level of revenue diversification is a determining factor.
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