Regulação e eficiência em cooperativas de crédito

• Ano de defesa: 2011
• Autor(a) principal: Sucupira, Grazielle Isabele Cristina Silva
• Orientador(a): Braga, Marcelo José
• Banca de defesa: Gonçalves, Rosiane Maria Lima , Mattos, Leonardo Bornacki de
• Tipo de documento: Dissertação
• Tipo de acesso: Acesso aberto
• Idioma: por
• Instituição de defesa: Universidade Federal de Viçosa
• Programa de Pós-Graduação: Mestrado em Economia Aplicada
• Departamento: Economia e Gerenciamento do Agronegócio; Economia das Relações Internacionais; Economia dos Recursos
• País: BR
• Palavras-chave em Português: Regulação; Eficiência; Cooperativas de crédito
• Palavras-chave em Inglês: Regulation; Efficiency; Credit unions
• Área do conhecimento CNPq: CNPQ::CIENCIAS SOCIAIS APLICADAS
• Link de acesso: http://locus.ufv.br/handle/123456789/48

Credit unions are instruments that promote local development and fulfill the role of financial integration of the population, especially the poor. As part of its financial system, are regulated by the National Monetary Council and supervised by the Central Bank of Brazil. In recent years there have been several changes in legislation aimed at credit unions with a view to strengthen and consolidate the industry. The legislation aims to ensure the safety of the financial system, its participants and the economy, bringing benefits both for society and for financial institutions. However, it also entails costs for the cooperatives, as it has to adapt and follow the requirements. In this sense, this research was to analyze the relationship between regulation and efficiency in the credit unions Sicoob. In Chapter 1, we determined the regulatory cost on which cooperatives may incur from the enforcement of legal requirements from 2004 to 2009. In chapter 2, we analyzed the efficiency of cooperatives in the model including an undesirable product that refers to default, modeled by an approach of Data Envelopment Analysis that incorporates these outputs. Also in this chapter, we proceeded to analyze the determinants of efficiency of credit unions from 2004 to 2008, using a Tobit model panel. The results indicated a high regulatory cost between cooperatives, composed primarily by the opportunity cost of capital of the liquidity reserve. These costs were progressively increased during the period, and large cooperatives tend to have higher costs than small ones. Regarding efficiency, the cooperatives had average scores of 0.80 in the year under study implying the possibility of increased product by 20% without an increase in inputs. The main determinants of efficiency of the cooperatives were "dividend rate", "regulatory cost", "default rate", "number of members", while the latter two variables showed a positive relationship in which increases in their values rise to efficiency, while increases in the cost and regulatory dividend rate reduces the efficiency of cooperatives. Besides these variables, differences were identified between the efficiency of cooperatives affiliated to certain plants, although the rural credit cooperatives, free admission and private employees are less efficient than the cooperative business. From the results, we conclude that the regulation has negatively impacted the efficiency of credit unions examined.