The Motivations of Economic Behavior: the Case of Cooperative Credit

Silvio Goglio () and Andrea Leonardi ()
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Silvio Goglio: University of Trento
Andrea Leonardi: University of Trento

Journal of Entrepreneurial and Organizational Diversity, 2012, vol. 1, issue 1, 65-84

Abstract: This paper investigates the motivation behind economic behaviour in the cooperative credit movement, and some of the inherent problems. In particular, the following hypotheses are analysed: the possibility of maintaining the principles of reciprocity and participation in the case of rapid growth beyond the original group and area; the role and motivations of the social entrepreneurs acting in the bank; corporate social responsibility, which, in the case of a bank, is closely connected to the way in which the community’s savings are employed and investments are selected. The hypotheses are subsequently tested in the historical debate between Schultze Delitzsch’s and Raiffeisen’s approaches. The conclusion is that cooperative behaviour, and in general social responsibility, are more effective and successful when independent from other ends and related to the provision of public goods, which are poorly provided for in the market setting.

Keywords: self-interest; reciprocity; social entrepreneurship; cooperative credit; Schultze Delitzsch; Raiffeisen; social norms; social responsibility (search for similar items in EconPapers)
JEL-codes: G21 L22 L26 L31 L33 M14 P13 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (2)

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