{"id":9020,"date":"2019-09-25T14:26:07","date_gmt":"2019-09-25T13:26:07","guid":{"rendered":"https:\/\/euricse.staging.hgblu.com\/?p=9020"},"modified":"2019-09-25T14:26:09","modified_gmt":"2019-09-25T13:26:09","slug":"11th-international-workshop-on-cooperative-and-responsible-finance-for-development-call-for-papers","status":"publish","type":"post","link":"https:\/\/euricse.eu\/en\/11th-international-workshop-on-cooperative-and-responsible-finance-for-development-call-for-papers\/","title":{"rendered":"11th International Workshop on Cooperative and Responsible Finance for Development: Call for papers"},"content":{"rendered":"\n

18-19 June 2020, Trento, Italy<\/strong><\/h3>\n\n\n\n
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The opening of the 10th Euricse International Workshop on Cooperative and Responsible Finance<\/figcaption><\/figure>\n\n\n\n

Euricse announces the organization of the 11th 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<\/strong> and Federcasse <\/strong>(Italian Federation of Cooperative Credit Banks), with the support of EACB <\/strong>(the European Association of Co-operative Banks), will be held in Trento, Italy on June 18th and 19th, 2020<\/strong>.<\/p>\n\n\n\n

Call for papers 2020<\/a>Download<\/a><\/div>\n\n\n\n

Introduction<\/strong><\/h3>\n\n\n\n

The current capitalist phase is unbalanced on the\nfinancial side: capital allocation systems have progressively moved away from\nthe real economy and are no longer performing effectively and efficiently their\nfunction. The growing separation between the prices of financial assets and the\nsource of the underlying value has increased market risks: the higher the\nseparation, the more difficult it is for markets to act in a morally\nresponsible way. Together with the degeneration of finance, the world of the\neconomy has shown a growing rapacity towards the other components of the ecosystem\n(the natural, social, family, political, cultural world), directing and\nexploiting it for their own purposes. Quite the reverse, a truly productive\neconomy and finance should be responsible, that is, concerned about the\nconsequences, i.e. the externalities, both negative and positive, not only\nimmediate, but in the long-term, of their activities.<\/p>\n\n\n\n

Meantime the increasing thoughtfulness towards an\neconomy based not only on physical products, but also on relationships, combined\nwith demographic changes and the state’s fiscal crisis, open growth prospects\nfor activities requiring investments in health and healthcare, social and\npersonal services, online assistance, green industry, environmental protection\nand property. This can lead also to a revaluation of the localized production\nand of the domestic and community dimensions as places of economic activity.<\/p>\n\n\n\n

The renewal of financial intermediation must therefore\ngo through the promotion of an economy where the value derives from\nrelationships as well. This entails a new conception and a redesign of finance,\nwhere negative and positive externalities are included in the estimate of\nproduced value, and thus favour social value and surplus with respect to a\nprivate one. Practically, this means to finance, besides technological\ninnovation, also social innovation \u2014 i.e. new solutions that are more\nresponsible and sustainable. Finance should therefore aim to strengthen the\nrelationship between supply and demand for capital, overcoming the separation\nbetween investors and recipients that has been growing over the last decades.\nInvestors should have more knowledge of specific investment fields: the more assets\nare aggregated by investment banks and global funds, the more it will be\ndifficult for investors to become aware of and to be willing to risk on\ninnovative and socially relevant projects. The ambition should be to channel\ncapital to creativity and to utility calculated in a holistic way: finance must\nreturn to being “at the service” and not master. Hence, the need to\nspread ownership and control of financial capital and not to concentrate them\nis of outmost importance.<\/p>\n\n\n\n

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

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

The organizers are then inviting papers that explore the following themes:<\/p>\n\n\n\n