Annals of Public and Cooperative Economics
The market presence of cooperative banks and stability in European banking: New evidence
Abstract Most studies examining differences between cooperative banks (CBs) and other banking institutions rely on bank‐level data, thereby overlooking effects of the market presence of CBs on banking market structures. To address this gap, we test whether CB's domestic market share predicts national banking stability ( Z ‐scores) using a unique panel dataset for 15 European countries spanning 1991–2024 and a two‐way fixed‐effects framework. Our empirical findings confirm that CBs contribute to overall banking stab …