Credit Union Life Cycle and Membership: Evidence from Brazilian Credit Unions
Autor(a) principal: | |
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Data de Publicação: | 2022 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng por |
Título da fonte: | Contabilidade, Gestão e Governança |
Texto Completo: | https://revistacgg.org/index.php/contabil/article/view/2738 |
Resumo: | Objective: This work explores the relationship between membership growth and Brazilian credit unions that cease operations according to the life cycle precepts proposed by Cook (1995) and Cook & Burress (2009). Methodology: Kaplan-Meier estimators and duration models were applied to a sample of 253 credit unions founded between 2003 and 2018 to analyze the chances of survival for credit unions in relation to the size of their membership. Originality/Relevance: In examining membership growth, this work differs from previous studies which have focused on financial performance. Results: Credit unions with lower growth in terms of membership ceased operations soon after their founding without becoming established. A growth in membership in credit unions with a propensity for heterogeneity in terms of the members’ interests, however, is positively associated with a risk of closing, possibly due to the influence costs and agency costs. Theoretical/Methodological Contributions: This study’s findings reinforce the importance of considering member characteristics in examining credit union survival as well as policies that help credit unions become established and then adapt to the heterogeneity of their members’ interests. |
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Contabilidade, Gestão e Governança |
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Credit Union Life Cycle and Membership: Evidence from Brazilian Credit UnionsQuadro Social e Ciclo de Vida de Cooperativas: Evidências em Cooperativas de Crédito BrasileirasCooperativas de créditoQuadro-socialCiclo de vida.Credit UnionsMembershipLife CycleObjective: This work explores the relationship between membership growth and Brazilian credit unions that cease operations according to the life cycle precepts proposed by Cook (1995) and Cook & Burress (2009). Methodology: Kaplan-Meier estimators and duration models were applied to a sample of 253 credit unions founded between 2003 and 2018 to analyze the chances of survival for credit unions in relation to the size of their membership. Originality/Relevance: In examining membership growth, this work differs from previous studies which have focused on financial performance. Results: Credit unions with lower growth in terms of membership ceased operations soon after their founding without becoming established. A growth in membership in credit unions with a propensity for heterogeneity in terms of the members’ interests, however, is positively associated with a risk of closing, possibly due to the influence costs and agency costs. Theoretical/Methodological Contributions: This study’s findings reinforce the importance of considering member characteristics in examining credit union survival as well as policies that help credit unions become established and then adapt to the heterogeneity of their members’ interests.Objetivo: O trabalho explorou a relação entre o crescimento do quadro social e o encerramento de operações das cooperativas de crédito brasileiras, seguindo preceitos do ciclo de vida proposto por Cook (1995) e Cook e Burress (2009). Método: Estimadores de Kaplan-Meier e modelos de duração foram aplicados sobre uma amostra de 253 cooperativas de crédito singulares, fundadas entre 2003 e 2018, para analisar probabilidades de sobrevivência entre grupos de cooperativas de acordo com o crescimento de seu quadro social. Originalidade/Relevância: Ao se pautar no crescimento do quadro social, o trabalho se diferencia de anteriores que se basearam no desempenho financeiro. Resultados: As cooperativas de crédito com menor crescimento do quadro social encerraram suas atividades pouco após a fundação, sem nem ao menos se consolidarem. O crescimento do quadro social em cooperativas propícias à heterogeneidade de interesses nos membros, contudo, tem associação positiva com o risco de encerramento, possivelmente por problemas como custos de influência e de agência. Contribuições teóricas/metodológicas: Os achados desta pesquisa trazem reforçam a importância de se considerar características do quadro social nas pesquisas sobre sobrevivência de cooperativas de crédito, assim como sugerem políticas que auxiliem cooperativas a se consolidarem e se adaptarem a quadros sociais complexos.Contabilidade Gestão e Governança2022-04-29info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfapplication/pdfhttps://revistacgg.org/index.php/contabil/article/view/273810.51341/1984-3925_2022v25n1a3Contabilidade Gestão e Governança; v. 25 n. 1 (2022); 43-591984-39251984-3925reponame:Contabilidade, Gestão e Governançainstname:Universidade de Brasília (UnB)instacron:UNBengporhttps://revistacgg.org/index.php/contabil/article/view/2738/727https://revistacgg.org/index.php/contabil/article/view/2738/734Copyright (c) 2022 Revista Contabilidade, Gestão e Governançainfo:eu-repo/semantics/openAccessCanassa, Bruno JoséZancan, Fláviade Moura Costa, Davi Rogério2022-11-11T14:28:16Zoai:oai.jamg.cloud:article/2738Revistahttp://www.revistacgg.org/index.php/contabilPUBhttps://revistacgg.org/index.php/contabil/oaijamg.cgg@gmail.com1516-70111984-3925opendoar:2022-11-11T14:28:16Contabilidade, Gestão e Governança - Universidade de Brasília (UnB)false |
dc.title.none.fl_str_mv |
Credit Union Life Cycle and Membership: Evidence from Brazilian Credit Unions Quadro Social e Ciclo de Vida de Cooperativas: Evidências em Cooperativas de Crédito Brasileiras |
title |
Credit Union Life Cycle and Membership: Evidence from Brazilian Credit Unions |
spellingShingle |
Credit Union Life Cycle and Membership: Evidence from Brazilian Credit Unions Canassa, Bruno José Cooperativas de crédito Quadro-social Ciclo de vida. Credit Unions Membership Life Cycle |
title_short |
Credit Union Life Cycle and Membership: Evidence from Brazilian Credit Unions |
title_full |
Credit Union Life Cycle and Membership: Evidence from Brazilian Credit Unions |
title_fullStr |
Credit Union Life Cycle and Membership: Evidence from Brazilian Credit Unions |
title_full_unstemmed |
Credit Union Life Cycle and Membership: Evidence from Brazilian Credit Unions |
title_sort |
Credit Union Life Cycle and Membership: Evidence from Brazilian Credit Unions |
author |
Canassa, Bruno José |
author_facet |
Canassa, Bruno José Zancan, Flávia de Moura Costa, Davi Rogério |
author_role |
author |
author2 |
Zancan, Flávia de Moura Costa, Davi Rogério |
author2_role |
author author |
dc.contributor.author.fl_str_mv |
Canassa, Bruno José Zancan, Flávia de Moura Costa, Davi Rogério |
dc.subject.por.fl_str_mv |
Cooperativas de crédito Quadro-social Ciclo de vida. Credit Unions Membership Life Cycle |
topic |
Cooperativas de crédito Quadro-social Ciclo de vida. Credit Unions Membership Life Cycle |
description |
Objective: This work explores the relationship between membership growth and Brazilian credit unions that cease operations according to the life cycle precepts proposed by Cook (1995) and Cook & Burress (2009). Methodology: Kaplan-Meier estimators and duration models were applied to a sample of 253 credit unions founded between 2003 and 2018 to analyze the chances of survival for credit unions in relation to the size of their membership. Originality/Relevance: In examining membership growth, this work differs from previous studies which have focused on financial performance. Results: Credit unions with lower growth in terms of membership ceased operations soon after their founding without becoming established. A growth in membership in credit unions with a propensity for heterogeneity in terms of the members’ interests, however, is positively associated with a risk of closing, possibly due to the influence costs and agency costs. Theoretical/Methodological Contributions: This study’s findings reinforce the importance of considering member characteristics in examining credit union survival as well as policies that help credit unions become established and then adapt to the heterogeneity of their members’ interests. |
publishDate |
2022 |
dc.date.none.fl_str_mv |
2022-04-29 |
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://revistacgg.org/index.php/contabil/article/view/2738 10.51341/1984-3925_2022v25n1a3 |
url |
https://revistacgg.org/index.php/contabil/article/view/2738 |
identifier_str_mv |
10.51341/1984-3925_2022v25n1a3 |
dc.language.iso.fl_str_mv |
eng por |
language |
eng por |
dc.relation.none.fl_str_mv |
https://revistacgg.org/index.php/contabil/article/view/2738/727 https://revistacgg.org/index.php/contabil/article/view/2738/734 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2022 Revista Contabilidade, Gestão e Governança info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2022 Revista Contabilidade, Gestão e Governança |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf application/pdf |
dc.publisher.none.fl_str_mv |
Contabilidade Gestão e Governança |
publisher.none.fl_str_mv |
Contabilidade Gestão e Governança |
dc.source.none.fl_str_mv |
Contabilidade Gestão e Governança; v. 25 n. 1 (2022); 43-59 1984-3925 1984-3925 reponame:Contabilidade, Gestão e Governança instname:Universidade de Brasília (UnB) instacron:UNB |
instname_str |
Universidade de Brasília (UnB) |
instacron_str |
UNB |
institution |
UNB |
reponame_str |
Contabilidade, Gestão e Governança |
collection |
Contabilidade, Gestão e Governança |
repository.name.fl_str_mv |
Contabilidade, Gestão e Governança - Universidade de Brasília (UnB) |
repository.mail.fl_str_mv |
jamg.cgg@gmail.com |
_version_ |
1798315268425908224 |