1. COOPERATIVE BANKS IN THE CONTEXT OF SERVICING LOCAL COMMUNITIES IN POLAND.
- Author
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WOJEWODZIC, Tomasz, SATOŁA, Łukasz, SZAFRAŃSKA, Monika, and SOŁTYSIAK, Mirosław
- Subjects
COOPERATIVE banking industry ,BANKING industry ,COMMUNITY banks ,LOCAL budgets ,PERSONNEL management ,COOPERATIVE agriculture - Abstract
Purpose: The aim of the studies was to identify the characteristics of local government units in Poland that chose to have their primary bank accounts conducted by cooperative banks. Design/methodology/approach: The studies encompassed communes from six voivodeships displaying significant differences in the conditions and traditions of cooperative banking development (annexations) and population density. A total of 1,116 communes were analyzed. The main data sources for the analysis and inference were the official websites of the analyzed units, Statistics Poland’s Local Data Bank, and the online map platform Google Maps. Structure indicators, descriptive statistics methods, and the Classification and Regression Tree (C&RT) method were used to analyze the empirical material. Findings: The analyses enabled the identification of the characteristics of the communes served by the cooperative banking sector. The findings confirmed the dominant role of the cooperative sector in communes with the smallest populations and local budgets. A significant determinant of communes’ reliance on cooperative banking services was the percentage of inhabitants employed in agriculture. Communes with a higher proportion of agricultural workers more frequently had their budgets serviced by cooperative banks. Research limitations/implications: The conducted research allowed for a deeper understanding of the analysed research problem relating to the factors that determine the choice of the organisational form of a bank serving a commune. Practical implications: The results obtained are important for the management staff of cooperative banks. Having information about the factors that determine the choice of a bank serving the municipal budget, they can design financial products that meet the expectations of this customer segment. Social implications: Socially, they contribute to strengthening the positive image of the cooperative banking sector among various stakeholders (consumers, agricultural producers, municipal authorities). Originality/value: The results obtained in the conducted research enrich the existing scientific achievements of management and quality sciences as well as economics concerning the identification of the current features of communes that determine the choice of the type of bank (cooperative bank/commercial bank) by the commune. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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