Credit unions and competitiveness in the brazilian financial market: an analysis of interest rates

Authors

DOI:

https://doi.org/10.5902/2359043268474

Keywords:

Market rate beaters, Banking competition, Credit unions

Abstract

Credit unions and banks provide financial services and, therefore, become competitors in the same market. Thus, this research aimed to test whether the participation of credit unions in the Brazilian financial market offers sufficient competitiveness to influence the reduction of market interest rates. Therefore, the main objective of this research is to investigate whether credit unions influence interest rates in the financial market. The research is quantitative in nature, and data refer to interest rates representative of loans and bonds. In order to test the objectives, tests for mean difference (Mann-Whitney) and median difference were performed. The results indicated that there is a difference between bank rates and those charged by credit unions, with credit unions rates being lower than those of banks, but no evidence was found that the competition from credit unions was sufficient to influence the interest rates of banks.

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Author Biographies

Valéria Gama Fully Bressan, Federal University of Minas Gerais

Professora Associada II do Departamento de Ciências Contábeis e do Programa de Pós-Graduação em Controladoria e Contabilidade da Universidade Federal de Minas Gerais. Doutora em Economia Aplicada pela Universidade Federal de Viçosa.

Gustavo Henrique Dias Souza, Federal University of Minas Gerais

Doutorando e Mestre em Controladoria e Contabilidade pela Universidade Federal de Minas Gerais. Bacharel em Ciências Contábeis pela Universidade Federal de Viçosa - Campus de Rio Paranaíba.

Marcelo Henrique Shinkoda Santos, Federal University of Viçosa

Doutor e Mestre em Economia Aplicada pela Universidade Federal de Viçosa. Bacharel em Ciências Econômicas pela Universidade Federal de Ouro Preto.

Marcelo José Braga, Federal University of Viçosa

Professor Titular do Instituto de Políticas Públicas e Desenvolvimento Sustentável da Universidade Federal de Viçosa. Doutor em Economia Rural pela Universidade Federal de Viçosa.

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Published

2023-12-26

How to Cite

Bressan, V. G. F., Souza, G. H. D., Santos, M. H. S., & Braga, M. J. (2023). Credit unions and competitiveness in the brazilian financial market: an analysis of interest rates. Revista De Gestão E Organizações Cooperativas, 10(19), e68474. https://doi.org/10.5902/2359043268474

Issue

Vol. 10 No. 19 (2023)

Section

Economia, Finanças e Contabilidade

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Copyright (c) 2023 Valéria Gama Fully Bressan, Gustavo Henrique Dias Souza, Marcelo Henrique Shinkoda Santos, Marcelo José Braga

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