Corporate governance structure and efficiencies of cooperative banks

What is it about?

The main purpose of this paper is to examine whether the structure of the board of directors affects bank performance differently across stock and cooperative banks in Japan. We use the data of regional banks as a proxy of stock banks, and we use the data of Shinkin banks, one of the representative co-ops, as a proxy of cooperative banks.

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Why is it important?

Co-ops still hold more than a 20% share of household deposits in Japan. As far as we know, this paper is the first attempt to empirically investigate the differences in effectiveness of the corporate governance structure between stock and cooperative banks in Japan.

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