8th International workshop on cooperative finance and sustainable development | Call for papers
Trento, Italy on June 15th and 16th, 2017
Euricse announces the organization of the 8th International Workshop on Cooperative Finance and Sustainable Development. The workshop is organized in collaboration with Federcasse (Italian Federation of Cooperative Credit Banks) and with the support of EACB (the European Association of Co-operative Banks).
Both structural changes and the recent financial crisis have created a new context and new problems: some peripheral communities and sectors are confronted with a more restricted set of options, while certain sections of the population face increased difficulties to gain access to the financial system. The financing of local economies under the fragile recovery in European economies should be regarded as a critical parameter for sustaining development along with a necessary condition for defending and/or redefining the socioeconomic opportunities of local societies. This context has opened ample opportunities for cooperative banks: to translate and implement in a modern way the constitutive principles of the cooperative movement; to demonstrate the strength of a third way of organising economic activities, different even if not completely alternative, but complementary to the market and the State; to experiment new institutions and efficient organisation more consistent with grass-root initiatives and values; to favour competitiveness and quality of life within the territories and local societies. However, while there seems to be an increasing consensus that in most cases the cooperative banks, at least in Europe, out-performed their rivals in channelling funds to local economies, further research is needed to specify these banks’ contribution, shed light on their actual performance, and specify the institutional framework better suited to unfold their full potential.
Three additional challenges should be considered, particularly for the small-sized coop banks: First, the additional risks they will have to face due to the costly stricter regulatory framework and the institutional steps taken toward introducing the Eurozone Banking Union. Second, their necessity to diversify credit risk without interfering with their mission and business model(due to specializing on community lending is a source of fragility when systemic shocks heavily damage the economic fabric of their communities). Third, since given the request by regulators to scale up their capital, possibly allowing equity injections by financial investors, how can be minimized the risk that ordinary members are in some ways expropriated and/or their coop bank is diverted from its mission in support of the local community? Therefore a cooperative bank’s internal evaluation should not focus only on its capacity to make profits and surpluses, but also on the effects on the territory of its activity, conciliating business efficiency and regional efficiency.
II. Research Themes
The organizers are then inviting papers that explore the following themes:
- Analysis of the contribution of coop banks to the real sector and of their actual performance;
- Regulation, competition policy and forced changes for coop banks: levelling or distorting the playing field?
- Making membership meaningful: revisiting the concept and procedures of retaining or re-establishing the link with local societies;
- Governance issues for coop banks deriving from consolidation, de-mutualization, re-mutualization and the use of hybrid structures;
- Ways to diversity the credit risk of the small coop banks without diverting them from their mission in support of local communities;
- Cooperative Banks in social finance: the current state of knowledge, best practices and future development potential deriving from coop banksʼ engagement in social finance to encourage sustainable development and social economy in Europe;
- Searching for fertile ground for the diffusion of the cooperative banking model: prerequisites, socio-economic coincidence and need within and beyond the European level.
III. Workshop Scientific Committee
- Silvio Goglio, University of Trento, Italy (chair)
- Yiorgos Alexopoulos, Agricultural University of Athens, Greece
- Giovanni Ferri, Lumsa University of Rome, Italy
- Detlev Hummel, University of Potsdam, Germany
- Panu Kalmi, University of Vaasa, Finland
- Juan Lopez, Federcasse, Italy
IV. Workshop Methodology
The methodology of the workshop is interdisciplinary and integrative. There will be only plenary sessions in order to stimulate interaction, exchange of ideas and debate. The Scientific Committee will not only examine the paper by their scientific and innovative value but it will try to achieve a balance between the workshop themes.
A limited number of scholarships designed to encourage participation will be offered. For more details please visit our web site www.euricse.eu or write to the organizational secretary at firstname.lastname@example.org after the 20th of January 2017.
VI. Important dates
All abstracts should be prepared in A4 format (Times New Roman, size 12 fonts, single-spaced) and be no more than 500 words length. Authors’ full title, name, address, organization and email address should be included at the end of the abstract. Abstracts are invited up to the end of December 2016 to the following email address: email@example.com. The Scientific Committee will carefully review the applications and advise the selected authors to extend the abstracts into the full papers, which must be sent to the organizers by the end of March 2017. The authors of accepted papers will be notified by the end of April 2017.
VII. About Euricse
Euricse was founded by the Federazione Trentina delle Cooperative, the University of Trento, Cooperatives Europe, the Province of Trento, and the Foundation Cassa di Risparmio of Trento and Rovereto. It is devoted to the study of co-operatives and social enterprises, along various disciplinary perspectives. Euricse is a centre for analysis and debate with a high scientific profile open to collaboration with the scientific community and, in particular, young researchers. The Institute also interacts directly with cooperatives and social enterprises themselves (see www.euricse.eu).
For more information
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