cooperatives from Euricse Network


Published on 20/06/2019by redazione

Responsible finance and social innovation in an international workshop

The challenges and prospects for growth of cooperative and responsible finance are at the center of the 10th annual workshop on the subject organized in Trento on June 20th and 21st 2019 by Euricse in collaboration with Federcasse (Italian Federation of Cooperative Credit Banks), with the support of EACB (the European Association of Co-operative Banks). Two days of plenary sessions with 40 scholars and researchers from all over Europe, India and the Philippines gathered to discuss the contemporary financial context and the potential for social innovation in the sector.

Trento, 20 June 2019 – A truly productive economy and finance should be concerned about the consequences, both negative and positive, especially in the long-term, of their activities. The increasing attention towards an economy based not only on material products, but also on relationships, combined with demographic changes and the state’s fiscal crisis, opens growth opportunities for activities requiring investments in health and healthcare, social and personal services, online assistance, green industry, and environmental protection.

Cooperative and ethical banks, alternative funds and financial institutions that have invested in social innovation have thus shown great potential. These are the premises of the workshop organized by Euricse, Federcasse and EACB.

During the two-day workshop, scholars from international universities and institutions discussed mergers in European CCBs, sustainable finance and green economy, non-performing Loans in EU, governance problems in cooperative banks, as well as experiences in Eastern Europe (in particular rural regions in Russia) and South Asia (India and Bangladesh).

“Trentino has been a cradle of forms of credit that provide alternatives to commercial sources, demonstrating a rich capacity for innovation. The same risk-based model of cooperative credit adopted together with the new reform is new at an international level. Thus, we have to go on studying the potential and limits of this sector”.

Carlo Borzaga, president of Euricse

“Finance should aim to strengthen the relationship between supply and demand for capital, overcoming the separation between investors and recipients that has been growing over the last decades. The ambition should be to channel capital to creativity and to utility calculated in a holistic way: finance must return to being ‘at the service’ and not master”.

Silvio Goglio, professor at the University of Trento Department of Economics and Management

“A recent Federcasse study confirmed the positive contribution of the level of mutuality in a BCC to the development of the local economy, a factor that made community banks an essential tool for mitigating the impact of the recession. This thanks to their particular features in terms of organizational flexibility, strong territorial roots, and attention not only to profitability, but also to the creation of social value and cultural impact”.

Augusto Dell’Erba, president of Federcasse

“Research is key to achieve a comprehensive understanding of the role of co-operative banks, their contribution to the stability of the financial system and the important role they play with regards of the responsible finance”. “With the aim of filling the gap in scientific literature on co-operative banks, the EACB launched a few years ago a think tank on co-operative banking, a network of researchers at European and international level; but also the EACB Award for young researchers on Co-operative banks to stimulate the research”.

Hervé Guider, EACB General manager
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Published on 29/03/2017by redazione

Mutual, cooperative and co-owned business


A new book edited by Jonathan Michie, Joseph R. Blasi and Carlo Borzaga, published by Oxford University Press Handbook


“Mutual, co-operative and co-owned business” is the title of The Oxford University Press Handbook edited by Jonathan Michie, University of Oxford (UK), Joseph R. Blasi, Rutgers University (USA), and Carlo Borzaga, University of Trento (Italy) is now available.

The handbook analyses, describes, and explains the complex world of organisations that assign ownership rights and governance control to stakeholders other than investors. The complexity of this set of organisations results both from the different degree of control exerted by stakeholders in each typology, and from different legislative and regulatory frameworks that govern these organisational forms. (more…)

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Published on 12/01/2017by redazione

Euricse and ILO join forces toward improving cooperative statistics

This joint initiative is part of the global effort around improving cooperative statistics. The 19th International Conference of Labour Statisticians (ICLS) held in Geneva from in October 2013 recognized the importance of having more comprehensive and internationally comparable statistics on the cooperatives by adopting a resolution for advancing work on the topic. (more…)

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Published on 11/10/2016by redazione

Key findings from the World Co-operative Monitor 2016


The World Co-operative Monitor 2016 is the fifth edition of the annual research report produced by the International Co-operative Alliance (the Alliance) with the scientific and technical support of Euricse. The research, widely considered the primary source for global statistics on the economic dimensions of the co-operative movement, includes a new feature in 2016: an analysis of the capital structure of the Top 300 co-operative enterprises. Also included in this year’s edition is a special section focusing on consumer co-operatives within the Wholesale and retail trade sector. (more…)

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Published on 21/07/2016by redazione

New Euricse and IHCO research project officially launched

The Euricse-IHCO (International Health Co-operative Organisation, a sectoral organisation of the International Co-operative Alliance) research project on health cooperatives and mutuals has officially started. On July 8th, the Euricse research team (Michela Giovannini, Carlo Borzaga and Gianluca Salvatori) met in Madrid with José Guisado and Jose Pérez, respectively President and secretary of IHCO.  The meeting took place at the headquarters of Asisa, the leading Spanish cooperative in the insurance sector and member of Fundación Espriu, a cooperative group, of which Guisado is CEO,  operating in the health sector. (more…)

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Published on 15/07/2016by redazione

New features in the upcoming World Co-operative Monitor report

The 5th edition of the World Co-operative Monitor, an initiative of the International Co-operative Alliance and Euricse, will be published this fall and presented by Gianluca Salvatori at the International Summit of Cooperatives on October 11, 2016 in Quebec, Canada. The report presents the results from quantitative research on the world’s largest cooperative and mutual enterprises. (more…)

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Published on 23/06/2016by redazione

What is the contribution to citizens’ health by cooperatives?

The kick-off meeting of the research project “Health cooperatives and mutuals worldwide – analysis of the contribution to citizens’ health by cooperatives around the world” managed by Euricse in collaboration with IHCO will be held on Friday, July 8 in Madrid, at the headquarters of Asisa (a health insurance cooperative, member of the Fundación Espriu and co-founder of IHCO). The research project examines both members and users of health cooperatives and studies the way in which health cooperatives operate in and contribute to the welfare system of their country. It aims to perform both quantitative and qualitative analysis on health cooperatives and the systems in which they operate.


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Published on 13/11/2015by redazione

Call for papers | ICA 2016 International research conference [new deadline]

Understanding and managing co-operative creation, transition and transformation

Almeria, Spain 24-27 May, 2016

The International Co-operative Alliance Committee on Co-operative Research international research conference will take place in Almería, Spain from May 24 to May 27.  The University of Almeria (UAL) and the UAL-Coexphal Chair  will host the conference and are now calling fop papers.
Researchers, policy makers, practitioners and students of co-operatives, social enterprise and social economy from all countries are welcome to participate and submit their abstract. (more…)

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Published on 11/11/2015by redazione

Key findings from the World Co-operative Monitor 2015

The co-operative sector continued to grow in 2013

The fourth edition of the World Co-operative Monitor, analyzing data from 2013, highlights the size and importance of the co-operative sector across the globe.
The overall database this year exceeds all past editions reaching 2,829 co-operatives from 76 countries with a total turnover of 2,950.82 billion US dollars.
In 2013 we see an overall increase in the total turnover of the Top 300 co-operatives and mutual organisations. The largest 300 co-operatives and mutuals report a total turnover of 2,360.05 billion US dollars in 2013 compared with 2,205.70 billion US dollars the previous year. (more…)

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Published on 20/10/2015by redazione

Do Co-operatives Really Pay Less in Taxes?

Euricse Facts&Comments

Eddi Fontanari and Carlo Borzaga

One of the most widespread ideas about co-operatives is that they enjoy a more advantageous tax regime relative to other enterprises. As a result, at least in the public’s eye, they would not only contribute less to public finances, but also benefit from an unfair competitive advantage vis à vis shareholder corporations. In spite of the fact that such benefits could be justified by the specificities of co-operative enterprises, the perception of an unfair advantage for co-operatives remains, and it periodically resurfaces in the public discourse. (more…)

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Published on 13/10/2015by redazione

The Cooperative Advantage for Community Development | Jeod special issue

The latest Jeod special issue edited by Marcelo Vieta and Doug Lionais.


Empirical evidence has shown that cooperatives are diverse organizations that efficaciously address a plurality of socio-economic needs. Cooperative organizations are effective in provisioning for myriad life needs, and do so in more democratic and sustainable ways than investor-owned firms.
Rooted in the unique principles and values that distinguish them from other business types, cooperatives, in a nutshell, embody what has been called “the cooperative advantage”. (more…)

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Published on 01/10/2015by redazione

Carlo Borzaga and Silvia Sacchetti at the Center for the study of cooperatives in Saskatoon

The week of 14–18 September the president of Euricse, Carlo Borzaga and Euricse researcher Silvia Sacchetti visited the Center for the study of cooperatives in Saskatoon. During their stay in Canada they had the opportunity to visit a number of co-operatives and other social enterprises and to participate in a public seminar and reception, a Centre-based presentation, and a day-long invited workshop on governance that included Centre Fellows and Scholars, students, and staff. (more…)

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