{"id":20152,"date":"2023-09-13T11:03:07","date_gmt":"2023-09-13T10:03:07","guid":{"rendered":"https:\/\/euricse.eu\/?p=20152"},"modified":"2023-09-15T16:39:39","modified_gmt":"2023-09-15T15:39:39","slug":"15th-international-workshop-on-cooperative-and-responsible-finance-for-development-call-for-paper","status":"publish","type":"post","link":"https:\/\/euricse.eu\/en\/15th-international-workshop-on-cooperative-and-responsible-finance-for-development-call-for-paper\/","title":{"rendered":"15th International Workshop on Cooperative and Responsible Finance for Development – Call for papers"},"content":{"rendered":"

Euricse<\/span><\/strong> announces the organization of the <\/span>15th Euricse International Workshop on Cooperative and Responsible Finance for Development<\/span><\/strong>. <\/span><\/p>\n

The workshop, organized in collaboration with the <\/span>Department of Economics and Management of the University of Trento<\/span><\/a> and <\/span>Federcasse<\/span><\/a> (Italian Federation of Cooperative Credit Banks), with the support of <\/span>EACB <\/span><\/a>(the European Association of Co-operative Banks), will be held in Trento,<\/strong> Italy <\/span>on June<\/strong><\/span> 13rd and 14th, 2024<\/strong> <\/span>at the <\/span>University of Trento<\/span><\/strong> (Department of Economics and Management)<\/span>.<\/span><\/p>\n

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Introduction<\/h3>\n

The current capitalist phase is both unfair and deranged, and serious questions arise about its long-term compatibility with the ecosphere. The world of the economy is showing a growing rapacity towards the other components of the ecosystem (the natural, social, family, political, cultural worlds), directing and exploiting them for its own purposes. At the same time, capital allocation systems move progressively away from the real economy and are no longer performing effectively and efficiently their function, increasing market risks, especially for ordinary savers. In other words, productive economy and finance diverge more and more from a morally responsible behaviour, concerned about the consequences, i.e. the externalities, both negative and positive, not only immediate, of their activities.<\/span><\/p>\n

Recent EU policy shows a growing awareness of these challenges, increasing compliance requirements, and compliance risks for companies (for instance, many raw materials and products may only be marketed and sold with a certificate of verification).<\/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><\/p>\n

The renewal of the economy toward a more responsible and sustainable order is therefore crucial. 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. This means to finance, besides technological innovation, also social innovation, 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, promoting an economy where value derives from relationships as well. 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.<\/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. Besides, their growth in size and membership may undermine their values, dedication, and sense of belonging of the members.<\/span><\/p>\n

A consequent work of reengineering cooperative and ethical finance requires choices and implementations 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. Finally, what do European regulations and new cooperative laws mean for local banks, especially supply chain finance? Digitalization can help to control such processes, but new player, like digital service firms outside Europe try to take over this business. What are the challenges for cooperative bank networks?<\/span><\/p>\n

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Research Themes<\/span><\/h3>\n