Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/175420
Authors: 
Colvin, Christopher L.
Henderson, Stuart
Turner, John D.
Year of Publication: 
2018
Series/Report no.: 
QUCEH Working Paper Series 2018-03
Abstract: 
Cooperatively-owned Raiffeisen banks first emerged in the Netherlands in the late 1890s and spread rapidly across the country. Using a new dataset, we investigate the determinants of their market entry and early performance. We find that the cooperative organisational form, when allied to a change in the structure of Dutch agriculture and the socioreligious pillarisation of Dutch society, was an important factor explaining their entry into rural financial markets. While religious organisations provided a necessary impetus for the emergence of Raiffeisen banks, the economic advantages associated with the cooperative organisational form ensured the subsequent survival and success of these banks.
Subjects: 
Cooperative banking
the Netherlands
Raiffeisen
religion
JEL: 
G21
N23
N83
Document Type: 
Working Paper
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