Managerial Finance


Accounting and Finance

Table Of Contents: Volume 31 Issue 11

Credit Unions and Demutualisation

Kevin Davis

This paper reviews experience with credit union demutualisation to date in the light of increasing discussion about whether demutualisation is a likely (or inevitable…

The Productivity of European Co‐operative Banks

Philip Molyneux, Jonathan Williams

This paper examines the cost and profit productivity of European co‐operative banks between 1996 and 2003 using the parametric productivity decomposition suggested by…

Panel unit root tests of the size and growth of large US credit unions

John Goddard, Donal G. McKillop, John O.S. Wilson

This article explores the size‐growth relationship for a panel of large US credit unions, using the panel unit root tests of Im et al. (2003) and Maddala and Wu (1999)…

When For‐Profits and Not‐For‐Profits Compete: Theory and Empirical Evidence from Retail Banking

Frank Schmid

This study models competition in local deposit markets between for‐profit and not‐for‐profit financial institutions. For‐profit retail banks may offer a superior bundle of…

Cost Efficiency, Environmental Influences and UK Credit Unions, 1991 to 2001

Donal G. McKillop, J. Colin Glass, Ann‐Marie Ward

This study uses a stochastic frontier analysis to evaluate the relative performance of UK credit unions over the period 1991 to 2001. The analysis found that UK credit…



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  • Professor Don Johnson