episodes of financial distress and they also have an incentive to increase risk to exploit the cost-of-funds subsidy of …

This paper investigates the size-efficiency relation of European cooperative banks during the 2006-2015 period. We … cooperative banks from 12 European countries. This work extends the existing literature by focusing on shape of size-efficiency … European cooperative banks are significantly more cost efficient than their bigger peers and that the size-efficiency relation …

interest margins. This study examines the connection between bank size and efficiency to understand whether that relationship …