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This study examines the relative performance of Japanese cooperative banks between 1998 and 2009, explicitly modeling non-performing loans as an undesirable output. Three key findings emerge. First, the sector is characterized by increasing returns to scale which supports the ongoing...
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the determinants of bank risk-taking still remains limited and the evidence is conflicting. Most studies concentrate on US … are almost no papers on this subject for cooperative banks in Japan. Thus, the main contribution of this study is to shed … some light on the determinants of bank risk-taking and analyse its relationship with capital and efficiency in Japanese …
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