The Co-evolutionary Nature of European Cooperative Banks

Marco Migliorelli () and Eric Lamarque ()
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Marco Migliorelli: IAE of the University Paris 1 Panthéon-Sorbonne (Sorbonne Business School)
Eric Lamarque: IAE of the University Paris 1 Panthéon-Sorbonne (Sorbonne Business School)

Chapter Chapter 1 in Contemporary Trends in European Cooperative Banking, 2022, pp 1-27 from Springer

Abstract: Abstract The remarkable evolution of cooperative banks from their origins to date, being the result of a mix of strategic proactivity and changing boundaries in the environment in which they compete, has periodically imposed a reassessment of the way founding cooperative principles could be applied. The enlargement towards non-members, the creation of nation-wide groups, the deployment of digitalisation—all actions that served to compete in the market—have had on the other hand a progressively detrimental impact on some of the cooperative banks’ differentiating characteristics such as democratic governance, proximity and, at a lesser extent, limited profit-seeking. Looking forward, we argue that sustainability revolution will further shape the market and bring new challenges in terms of effective differentiation vis-à-vis profit-oriented organisations.

Keywords: Cooperative banks; Relationship lending; Democratic governance; Limited profit-seeking; Proximity; Sustainability (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/978-3-030-98194-5_1

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