Credit risk and technical efficiency in Brazilian credit unions

Detalhes bibliográficos
Autor(a) principal: Santos, Lua Syrma Zaniah
Data de Publicação: 2020
Outros Autores: Bressan, Valéria Gama Fully, Moreira, Vilmar Rodrigues, Lima, Romeu Eugênio de
Tipo de documento: Artigo
Idioma: por
eng
Título da fonte: Cadernos EBAPE.BR
Texto Completo: https://periodicos.fgv.br/cadernosebape/article/view/82701
Resumo: This study analyzed the relationship between credit risk and the efficiency of Brazilian credit unions in the period from 2008 to 2017. The two-stage data envelopment analysis model was used to obtain efficiency scores, with the analysis of a Tobit model in the second stage. Specialists were consulted for the construction and validation of efficiency scores, which is a contribution of this study in relation to the others. It was found that the higher the credit risk, the lower the efficiency scores, and that credit unions that manage to maintain their continuity in the market and diversify their products had higher efficiency scores, consequently generating greater benefits to their members. Additionally, cooperatives must pay attention to the number of service points and periods of economic recession. The increase in the number of service points reduces efficiency scores. When considering the period of Brazilian economic downturn, measured from 2015 to 2017, there was a negative impact on the average efficiency scores of the cooperatives. As a limitation, it is reported that the results are derived from the inputs and outputs selected from accounting and financial information, and it is suggested that new variables related to the social dimension of cooperatives be incorporated into other studies to assess the overall efficiency of Brazilian credit unions.
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spelling Credit risk and technical efficiency in Brazilian credit unionsRiesgo de crédito y eficiencia técnica en las cooperativas de crédito brasileñasRisco de crédito e eficiência técnica nas cooperativas de crédito brasileirasCredit unionsEfficiencyCredit riskDEATobitCooperativas de créditoEficienciaRiesgo de créditoDEATobitCooperativas de créditoEficiênciaRisco de créditoDEATobitThis study analyzed the relationship between credit risk and the efficiency of Brazilian credit unions in the period from 2008 to 2017. The two-stage data envelopment analysis model was used to obtain efficiency scores, with the analysis of a Tobit model in the second stage. Specialists were consulted for the construction and validation of efficiency scores, which is a contribution of this study in relation to the others. It was found that the higher the credit risk, the lower the efficiency scores, and that credit unions that manage to maintain their continuity in the market and diversify their products had higher efficiency scores, consequently generating greater benefits to their members. Additionally, cooperatives must pay attention to the number of service points and periods of economic recession. The increase in the number of service points reduces efficiency scores. When considering the period of Brazilian economic downturn, measured from 2015 to 2017, there was a negative impact on the average efficiency scores of the cooperatives. As a limitation, it is reported that the results are derived from the inputs and outputs selected from accounting and financial information, and it is suggested that new variables related to the social dimension of cooperatives be incorporated into other studies to assess the overall efficiency of Brazilian credit unions.Este estudio analizó la relación entre el riesgo crediticio y la eficiencia de las cooperativas de ahorro y crédito brasileñas en el período de 2008 a 2017. El modelo de análisis de envoltura de datos en dos etapas se utilizó para obtener puntajes de eficiencia, con el análisis de un modelo tobit en la segunda etapa. Es de destacar que se consultó a especialistas para la construcción y validación de puntajes de eficiencia, lo que constituye una contribución de este estudio en relación con los demás. Se constató que cuanto mayor era el riesgo de crédito, menores eran los puntajes de eficiencia y que las cooperativas de ahorro y crédito que lograban mantener su continuidad en el mercado y diversificar sus productos tenían puntajes de eficiencia más altos, lo que generaba mayores beneficios para sus miembros. Además, las cooperativas deben prestar atención a la cantidad de puntos de servicio y períodos de recesión económica. El aumento del número de puntos de servicio reduce los puntajes de eficiencia. Y considerando el período de recesión económica brasileña, medido de 2015 a 2017, hubo un impacto negativo en los puntajes promedio de eficiencia de las cooperativas. Como limitación, se observó que los resultados se derivan de las entradas y salidas seleccionadas de información contable y financiera, y se sugiere incorporar nuevas variables relacionadas con la dimensión social de las cooperativas en otros estudios para evaluar la eficiencia global de las cooperativas de crédito brasileñas.Este estudo analisa a relação entre o risco de crédito e a eficiência das cooperativas de crédito brasileiras no período de 2008 a 2017. Utilizou-se o modelo de Data Envelopment Analysis em dois estágios para a obtenção dos escores de eficiência, com a análise de um modelo Tobit no segundo estágio. Foram consultados especialistas para a construção e a validação dos escores de eficiência, o que é uma contribuição desse estudo em relação aos demais. Constatou-se que, quanto maior o risco de crédito, menores os escores de eficiência. De igual modo, viu-se que as cooperativas de crédito que conseguem manter sua continuidade no mercado e diversificam seus produtos tiveram maiores escores de eficiência e, por consequência, geraram mais benefícios aos associados. Adicionalmente, as cooperativas devem se atentar no número de pontos de atendimentos e em períodos de recessão econômica. O aumento do número de pontos de atendimento reduz os escores de eficiência. Considerando o período de retração econômica brasileira medido no período de 2015 a 2017, verificou-se um impacto negativo nos escores de eficiência médios das cooperativas. Como limitação, os resultados são decorrentes de inputs e outputs selecionados de informações contábeis e financeiras, de modo que se sugere que novas variáveis relacionadas à dimensão social das cooperativas sejam incorporadas em outros estudos a fim de avaliar a eficiência global das cooperativas de crédito brasileiras.Escola Brasileira de Administração Pública e de Empresas da Fundação Getulio Vargas2020-12-21info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfapplication/pdfhttps://periodicos.fgv.br/cadernosebape/article/view/8270110.1590/1679-395120200001Cadernos EBAPE.BR; Vol. 18 No. 4 (2020); 956-973Cadernos EBAPE.BR; Vol. 18 Núm. 4 (2020); 956-973Cadernos EBAPE.BR; v. 18 n. 4 (2020); 956-9731679-3951reponame:Cadernos EBAPE.BRinstname:Fundação Getulio Vargas (FGV)instacron:FGVporenghttps://periodicos.fgv.br/cadernosebape/article/view/82701/78718https://periodicos.fgv.br/cadernosebape/article/view/82701/78721Copyright (c) 2020 Cadernos EBAPE.BRinfo:eu-repo/semantics/openAccessSantos, Lua Syrma ZaniahBressan, Valéria Gama FullyMoreira, Vilmar RodriguesLima, Romeu Eugênio de2022-07-07T15:01:33Zoai:ojs.periodicos.fgv.br:article/82701Revistahttps://periodicos.fgv.br/cadernosebapehttps://periodicos.fgv.br/cadernosebape/oaicadernosebape@fgv.br||cadernosebape@fgv.br1679-39511679-3951opendoar:2024-05-13T10:00:17.397035Cadernos EBAPE.BR - Fundação Getulio Vargas (FGV)true
dc.title.none.fl_str_mv Credit risk and technical efficiency in Brazilian credit unions
Riesgo de crédito y eficiencia técnica en las cooperativas de crédito brasileñas
Risco de crédito e eficiência técnica nas cooperativas de crédito brasileiras
title Credit risk and technical efficiency in Brazilian credit unions
spellingShingle Credit risk and technical efficiency in Brazilian credit unions
Santos, Lua Syrma Zaniah
Credit unions
Efficiency
Credit risk
DEA
Tobit
Cooperativas de crédito
Eficiencia
Riesgo de crédito
DEA
Tobit
Cooperativas de crédito
Eficiência
Risco de crédito
DEA
Tobit
title_short Credit risk and technical efficiency in Brazilian credit unions
title_full Credit risk and technical efficiency in Brazilian credit unions
title_fullStr Credit risk and technical efficiency in Brazilian credit unions
title_full_unstemmed Credit risk and technical efficiency in Brazilian credit unions
title_sort Credit risk and technical efficiency in Brazilian credit unions
author Santos, Lua Syrma Zaniah
author_facet Santos, Lua Syrma Zaniah
Bressan, Valéria Gama Fully
Moreira, Vilmar Rodrigues
Lima, Romeu Eugênio de
author_role author
author2 Bressan, Valéria Gama Fully
Moreira, Vilmar Rodrigues
Lima, Romeu Eugênio de
author2_role author
author
author
dc.contributor.author.fl_str_mv Santos, Lua Syrma Zaniah
Bressan, Valéria Gama Fully
Moreira, Vilmar Rodrigues
Lima, Romeu Eugênio de
dc.subject.por.fl_str_mv Credit unions
Efficiency
Credit risk
DEA
Tobit
Cooperativas de crédito
Eficiencia
Riesgo de crédito
DEA
Tobit
Cooperativas de crédito
Eficiência
Risco de crédito
DEA
Tobit
topic Credit unions
Efficiency
Credit risk
DEA
Tobit
Cooperativas de crédito
Eficiencia
Riesgo de crédito
DEA
Tobit
Cooperativas de crédito
Eficiência
Risco de crédito
DEA
Tobit
description This study analyzed the relationship between credit risk and the efficiency of Brazilian credit unions in the period from 2008 to 2017. The two-stage data envelopment analysis model was used to obtain efficiency scores, with the analysis of a Tobit model in the second stage. Specialists were consulted for the construction and validation of efficiency scores, which is a contribution of this study in relation to the others. It was found that the higher the credit risk, the lower the efficiency scores, and that credit unions that manage to maintain their continuity in the market and diversify their products had higher efficiency scores, consequently generating greater benefits to their members. Additionally, cooperatives must pay attention to the number of service points and periods of economic recession. The increase in the number of service points reduces efficiency scores. When considering the period of Brazilian economic downturn, measured from 2015 to 2017, there was a negative impact on the average efficiency scores of the cooperatives. As a limitation, it is reported that the results are derived from the inputs and outputs selected from accounting and financial information, and it is suggested that new variables related to the social dimension of cooperatives be incorporated into other studies to assess the overall efficiency of Brazilian credit unions.
publishDate 2020
dc.date.none.fl_str_mv 2020-12-21
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://periodicos.fgv.br/cadernosebape/article/view/82701
10.1590/1679-395120200001
url https://periodicos.fgv.br/cadernosebape/article/view/82701
identifier_str_mv 10.1590/1679-395120200001
dc.language.iso.fl_str_mv por
eng
language por
eng
dc.relation.none.fl_str_mv https://periodicos.fgv.br/cadernosebape/article/view/82701/78718
https://periodicos.fgv.br/cadernosebape/article/view/82701/78721
dc.rights.driver.fl_str_mv Copyright (c) 2020 Cadernos EBAPE.BR
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2020 Cadernos EBAPE.BR
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.publisher.none.fl_str_mv Escola Brasileira de Administração Pública e de Empresas da Fundação Getulio Vargas
publisher.none.fl_str_mv Escola Brasileira de Administração Pública e de Empresas da Fundação Getulio Vargas
dc.source.none.fl_str_mv Cadernos EBAPE.BR; Vol. 18 No. 4 (2020); 956-973
Cadernos EBAPE.BR; Vol. 18 Núm. 4 (2020); 956-973
Cadernos EBAPE.BR; v. 18 n. 4 (2020); 956-973
1679-3951
reponame:Cadernos EBAPE.BR
instname:Fundação Getulio Vargas (FGV)
instacron:FGV
instname_str Fundação Getulio Vargas (FGV)
instacron_str FGV
institution FGV
reponame_str Cadernos EBAPE.BR
collection Cadernos EBAPE.BR
repository.name.fl_str_mv Cadernos EBAPE.BR - Fundação Getulio Vargas (FGV)
repository.mail.fl_str_mv cadernosebape@fgv.br||cadernosebape@fgv.br
_version_ 1798943212609470464

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