{"id":17593,"date":"2022-09-27T08:55:58","date_gmt":"2022-09-27T07:55:58","guid":{"rendered":"https:\/\/euricse.eu\/?p=17593"},"modified":"2022-09-27T09:09:28","modified_gmt":"2022-09-27T08:09:28","slug":"14th-international-workshop-on-cooperative-and-responsible-finance-for-development-call-for-paper","status":"publish","type":"post","link":"https:\/\/euricse.eu\/en\/14th-international-workshop-on-cooperative-and-responsible-finance-for-development-call-for-paper\/","title":{"rendered":"14th International Workshop on Cooperative and Responsible Finance for Development – CALL FOR PAPER"},"content":{"rendered":"
\n

Euricse announces the organization of the 14th Euricse International Workshop on Cooperative and Responsible Finance for Development<\/strong>. The workshop, organized in collaboration with the Department of Economics and Management of the University of Trento and Federcasse (Italian Federation of Cooperative Credit Banks), with the support of EACB (the European Association of Co-operative Banks), will be held in Trento, Italy on June 15th and 16th, 2023<\/strong>.<\/p>\n<\/div>\n

Introduction<\/h4>\n

The current capitalist phase is unbalanced on the financial side: capital allocation systems have progressively moved away from the real economy and are no longer performing effectively and efficiently their function. The growing separation between the prices of financial assets and the source of the underlying value has increased market risks: the higher the separation, the more difficult it is for markets to act in a morally responsible way. Together with the degeneration of finance, the world of the economy has shown a growing rapacity towards the other components of the ecosystem (the natural, social, family, political, cultural world), directing and exploiting it for their own purposes. Quite the reverse, a truly productive economy and finance should be responsible, that is, concerned about the consequences, i.e. the externalities, both negative and positive, not only immediate, but in the long-term, of their activities. Recent EU policy and legislator works also show a growing awareness of these challenges. <\/span>Meantime the increasing thoughtfulness towards an economy based not only on physical products, but also on relationships, combined with demographic changes and the state’s fiscal crisis, are opening growth prospects for activities requiring investments in health and healthcare, social and personal services, online assistance, green industry, environmental protection and property. This can lead also to a revaluation of the localized production and of the domestic and community dimensions as places of economic activity.<\/span><\/p>\n

This picture has been exacerbated by the recent pandemic and the international conflicts, which have weakened the global economy as a whole and increased domestic and international imbalances, jeopardizing social cohesion and international relations. <\/span>The renewal of financial intermediation must therefore go through the promotion of an economy where value derives from relationships as well. This entails a new conception and a redesign of finance, where negative and positive externalities are included in the estimate of produced value, and thus favour social value and surplus with respect to a private one. Practically, this means to finance, besides technological innovation, also social innovation \u2014 i.e. new solutions that are more responsible and sustainable. Finance should therefore 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. Investors should have more knowledge of specific investment fields: the more assets are aggregated by investment banks and global funds, the more it will be difficult for investors to become aware of and to be willing to risk on innovative and socially relevant projects. 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. Hence, the need to spread ownership and control of financial capital and not to concentrate them is of outmost importance.<\/span><\/p>\n

All this offers new potentials to cooperative and ethical banks and in general to alternative funds and financial institutions. However, during the twentieth century, governments and large private companies have often supplanted in this sector organizations with social participation, often accused, not always wrongly, of paternalism, non-professionalism or bureaucratization. Moreover, their growth in size and membership may undermine their values, dedication, and sense of belonging of the members. <\/span>A consequent work of reengineering cooperative and ethical finance requires some choices and implementations within it that clearly signal: (i) what are its objectives, consequent to the evaluation of what is productive and what is predatory; (ii) which are its true stakeholders; (iii) which are its most appropriate forms of governance and what is the selection process of its leading cadres.<\/span><\/p>\n

 <\/p>\n

Research Themes<\/h4>\n