Desrochers, Martin; Lamberte, Mario - Centre Interuniversitaire sur le Risque, les Politiques … - 2003
that agency costs should reduce efficiency of CRBs, and we found a much clearer relationship on that issue. As expected …, most efficient CRBs are characterized by a better control of agency costs. These results are in accordance with previous …This paper attempted to test whether efficient cooperative rural banks (CRBs) have a better control of their agency …