Resumo

The present research aims to evaluate the performance of cooperatives and commercial banks, emphasizing the before and after the Brazilian economic crisis of 2015 and 2016. The worsening of the fiscal and monetary situation led to the impeachment of the Brazilian President of the Republic on May 12, 2016, which generated even more uncertainty and instability in the financial market, creating an effect like a 2008 global financial crisis.

The objective of this work is to evaluate changes in the performance of cooperatives and commercial banks and presenting the consequence of the Brazilian crisis to these financial institutions. The main scope of the study was how cooperatives and banks fared in the face of the situation, especially on the indicators of net loans and derivatives.

The work used as reference was by the authors Becchetti, Ciciretti, and Paolantonio (2016). The main scope of the study was how cooperatives fared in the face of the Brazilian economic crisis of this period, especially on the indicators of net loans and derivatives. The worsening of the fiscal and monetary crisis led to the impeachment of the Brazilian President of the Republic on May 12, 2016, which generated even more uncertainty and instability in the financial market, creating an effect like a 2008 global financial crisis.

The econometric regression model will seek to answer the difference between cooperatives and non-cooperative banks on net loans and derivatives; it will answer the research hypotheses. Since the data is panel data since the same information is collected from the same institutions over time, advanced panel data methods will be used: fixed and random effect models will be tested using the Hausmann test to see which one best fits the data scenario.

The results point to worse performance of cooperatives compared to commercial banks both in the crisis period of 2015/2016 and over 2011-2020. The idea is that the more net loans made available to the public, the better the performance of the cooperative, since loans are one of the primary sources of revenue for financial institutions.

The results pointed to a negative impact on both net loans and derivatives when the financial institution is a cooperative over the period from 2011 to 2020. Also, the findings emphasize a more intense effect on cooperatives than banks over the crisis period of 2015/2016.The cooperatives usually established to provide financial support to small businesses and farmers have suffered significantly more than commercial banks; nevertheless, all suffer.

Bechetti L. Ciciretti R, Paolantonio A. (2016). The cooperative bank difference before and after the global financial crisis. Journal of International Money and Finance 69 (2016) 224–246. Bittencourt, W. R. (2015). Eficiência e Rentabilidade: um paralelo entre cooperativas de crédito e instituições bancárias. Bittencourt, W. R., Bressan, V. G. F., Goulart, C. P., Bressan, A. A., Costa, D. R. D. M., & Lamounier, W. M. (2017). Rentabilidade em bancos múltiplos e cooperativas de crédito brasileiros. Revista de Administração Contemporânea, 21, 22-40.