The literature on corporate governance has investigated the relationship between the adoption of a corporate governance system and firms’ performance, but it seems to ignore the issue of costs of the body corporate members among different systems, i.e. the traditional and alternative models,...

This study analyzes a sample of cooperative banks in Italy and Germany, using panel data from 2006-2009. The empirical analysis shows that there are significant differences in stability and performance between the two countries considered. In particular, the findings show that Italian...