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Matousek, Roman, Minegishi, Shinya and Stewart, Chris (2009) Competitiveness of credit associations and credit cooperatives in Japan. Centre for International Capital Markets discussion papers, 2009 (08). pp. 1-19. ISSN 1749-3412
This paper investigates how the consolidation process has affected the degree of competition within the segment of Credit Associations (CA) and Credit Cooperatives (CC) in Japan By applying our restricted model we find that Credit Association and Credit Cooperatives operate in monopolistic markets. The results correspond to research findings by Tsutsui and Kamesaka (2005), and Uchida and Tsutsui (2005). Our estimate indicates that size of mutual financial institution has a positive impact on revenue. The same may be seen for the number of branches. In fact, it means that the growth of banks activities is reflected in higher revenues.
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