• Executive Summary
  • 1. Introduction
  • 1.1 Motivations
  • 1.2 Objectives, main propositions and structure
  • 2. The Economics and Nature of Cooperative Banks
  • 2.1 The nature of a company
  • 2.2 Stakeholder v. Shareholder banks
  • 2.3 The nature of value creation in banks
  • 2.4 The cooperative banking model in Europe
  • 3. Key Developments of Cooperative Banks in Europe
  • 3.1 Germany
  • 3.2 Austria
  • 3.3 Italy
  • 3.4 France
  • 3.5 The Netherlands
  • 3.6 Spain
  • 3.7 Finland
  • 3.8 Overall assessment
  • 4. Economic Performance and Role of Cooperative Banks
  • 4.1 The main theoretical arguments for cooperative banks
  • 4.2 Review of the empirical literature
  • 4.3 Investigating economic performance and role of cooperativebanks
  • 4.4 Main results
  • 4.5 Conclusions
  • 5. Final Conclusions