Cooperative banks have been considered central players in economic and social development since the 19th century. Theoretical and empirical analyses identify their crucial role by reference to certain specific features, starting with their cooperative institutional form and their several forms of “proximity”. The mission of cooperative banks is to promote the economic interests and the social and economic benefits of their members-customers-employees, within a not-for-profit framework. Their activity is founded on such crucial ideas as mutuality, locality, ethics, solidarity and social cohesion.
Boscia, V., Carretta, A., Schwizer, P. (2009). Introduction. In V. Boscia (a cura di), Cooperative Banking: Innovations and Developments (pp. 1-6). Palgrave Macmillan London [10.1057/9780230235786_1].
Introduction
Schwizer, P.
2009
Abstract
Cooperative banks have been considered central players in economic and social development since the 19th century. Theoretical and empirical analyses identify their crucial role by reference to certain specific features, starting with their cooperative institutional form and their several forms of “proximity”. The mission of cooperative banks is to promote the economic interests and the social and economic benefits of their members-customers-employees, within a not-for-profit framework. Their activity is founded on such crucial ideas as mutuality, locality, ethics, solidarity and social cohesion.
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