Cooperative bank strategies for social-economic problem solving: Supporting social enterprise and local development
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2012-08-13Resumen
The strategies cooperative banks use to address local socio-economic challenges through the financing and promotion of cooperatives, socially oriented enterprises and local development initiatives are investigated. Two paradigmatic regions with strong cooperative bank sectors are compared, illustrating strategic differences in their approach to cooperative and social enterprise promotion and local development. The cooperative bank sector in the first region, Almería, Spain, has followed an aggressive growth strategy, both in terms of size and territory, resulting in a large and nationally present cooperative bank. In contrast, the cooperative bank sector in the province of Trentino, the most important region for cooperative banks in Italy, is comprised of many small scale cooperative banks, organized by consortium and tightly tied to territory. Related lines of inquiry include the trend of focusing on corporate social responsibility as opposed to local development and the relationship ...
Palabra/s clave
Cooperative banks
financing social enterprise
cooperative bank structure
local development
alternative banks